A Long Beach woman who unwittingly signed over her house of 48 years to a real estate investor while confined to a nursing home has been awarded nearly $4 million in an elder abuse and fraud case.
“We are extremely gratified by the jury’s verdict and punitive award,” Yorgason’s Aliso Viejo attorney, William D. Chapman, said in a statement. “A sophisticated real estate investor, Ken Lamphear, knew exactly what he was doing when he persuaded Ms. Yorgason to transfer her home to him without any documentation — no promissory note, no deed, no escrow and no payment of any kind.”
Owing only $43,000 on a home valued at $800,000, Yorgason fell behind on her mortgage due to her medical situation. She received a notice of default from her bank in January 2022 informing her if she didn’t bring her account current within a month it would begin the foreclosure process, Chapman said.
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