4.5 • 980 Ratings
🗓️ 30 May 2025
⏱️ 52 minutes
🧾️ Download transcript
Longtime homeowners on Chicago’s West Side trust Mark Diamond to help them access funds and carry out necessary home repairs. However, they are often unaware that they are entering into reverse mortgage agreements. The repairs are never completed, and Diamond disappears with the money, leaving families desperately struggling to save their homes from foreclosure.
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| 0:00.0 | This week on The Perfect Scam. |
| 0:04.0 | My mom expressed to me with that home into her and she expresses me to try to keep this house. |
| 0:13.0 | Once the original victim is no longer living, if they want to sell the house, it's also now encumbered by a reverse mortgage. |
| 0:21.6 | So regardless of whether or not you want to keep it as a family home for generations or sell it, |
| 0:26.6 | this scam hits you in the face out of the blue as the heir of the original victim. |
| 0:39.4 | Welcome back to The Perfect Scam. |
| 0:41.2 | I'm your host, Bob Sullivan. |
| 0:47.8 | Today's story starts with one of the greatest college football performances you'll ever hear about, |
| 0:50.7 | a feat of amazing strength and perseverance. |
| 0:57.0 | But it ends with dozens of families on Chicago's west side desperately trying to save their homes through strength and perseverance from foreclosure after the equity was stolen right out |
| 1:04.0 | from under them by a criminal with a pen. |
| 1:08.0 | How do these things connect? |
| 1:10.0 | Well, it's a heck of a story. We'll begin with David Heron, |
| 1:13.6 | who lives on the west side of Chicago, in the home his mom Effie bought decades ago. He'll help us explain. |
| 1:21.6 | My mom persevered and worked several jobs. |
| 1:32.9 | My mom obtained this property early 70. |
| 1:39.7 | You got to understand during this time the way we were raised and brought up in the area. |
| 1:41.8 | Neighbors looked out for neighbors. |
| 1:43.7 | They looked out for the children. |
| 1:44.6 | They looked out for the community. And so everybody on the block knew everybody my mom took care the lady her name |
| 1:51.9 | was miss brewer miss brewer was older than my mom elderly lady was kind of sickly but my mom |
| 1:58.1 | would take care of her and And when she eventually passed, and the particular |
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