She has wiped out her bank account, opened up and maxed out credit cards and now defaulted on three different loans she opened in my grandma's name. My mom met with an attorney who basically told her legally there was nothing we could do. He did reassure her that the debt would not come back on her or my uncle. My grandma still has a mortgage and would love to refinance but with a credit rating of 515 and dropping... It is infuriating to think that there may be no legal recourse.
Go to the police.
Where is your aunt now? Is she still P O A?
1) The bank wants to know that there was fraud on the bank account. They will investigate it themselves.
2) The credit card companies want to know that another person is opening accounts fraudulently, using the money for self. Report ID theft. The banks are insured for this, your Grandma may not have to pay it back, your aunt could be arrested. A POA is not a permission slip to commit fraud.
Did the attorney mean that her daughter (your aunt) is the closer relative and you cannot legally remove or replace her as POA.???
How far are you or other family members willing to go to protect grandma?
Have you been to the County tax assessor's office or the County Recorder's office to see if Grandma still owns her home???
What do you mean, there is nothing you can do????