4.6 • 682 Ratings
🗓️ 12 June 2025
⏱️ 9 minutes
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0:00.0 | Brought to you by Xander Insurance, identity theft protection isn't a luxury in today's world. |
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0:11.7 | Yeah, I'm calling to see. My father passed away last July, and when I was backpacking about 15 years ago, |
0:18.9 | we created a power of attorney to kind of protect me when I was |
0:21.5 | traveling as I had one experience where all my stuff got stolen. What I didn't know was that over the last |
0:28.9 | 15 years, he had taken out about $520,000 worth of high interest mortgages. In your name? |
0:34.8 | And in my name. Wow. That feels like fraud to me. |
0:39.9 | Yeah. |
0:40.6 | So, yeah, I'm just kind of, at first, it was one of those things where I just didn't know if I should go to the courts for that because I was defensive and protecting my father. |
0:52.0 | But since now it's been almost a year and it's not really |
0:55.5 | been cleaned up at all. And I'm kind of not sure what to do financially. Oh, gosh. So have you, |
1:01.2 | you have reported it or not yet? I haven't. Okay. No. I think that's the first step, right? |
1:07.6 | It is you can see this thing on your credit report, so kind of saying this, |
1:11.6 | this wasn't me, this was my dad, and yeah, the fact he's, he's no longer with us. What are those |
1:17.4 | next steps? Yeah. Sorry, when I did, I speak to one lawyer at the beginning, and he said because |
1:23.4 | I had a power of attorney that my dad was legally able to do this on my behalf. That's kind of all the |
1:30.7 | legal advice I've been given. Okay. Yeah. So I and I did sign it, but in 2011, I believe. So yeah, |
1:37.8 | I'm kind of just not sure where to go now with that debt loan. The good news is this is secure |
1:43.3 | debt. So there's properties attached to this that you could sell? |
1:47.0 | They all have mortgages on them, yes. |
1:50.0 | But unfortunately, all the evaluations are inflated. |
1:53.0 | So the mortgages are actually worth more than the property. |
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