A year ago my wife's grandma, Mimi, age 88 was faced with a difficult decision. She was living by herself, renting one of over 100 condos in a 55 and over community in the North end of Tacoma. Her unit was the place she wanted to spend the rest of her life.

Then, an investor came swooping in and told all the tenants they had 90 days to buy their unit or move out. The messenger to these seniors was short and abrupt while knocking on doors, leaving a huge packet of information that most of these folks would have a hard time reading and more importantly understanding.

The investor started to make changes immediately to "improve" the units. Tearing the complex apart, while tenents were forced to make the difficult decision to buy or move.

As the weeks went by, very few tenants had the ability to buy their unit at the price required to keep it, well above market value at the time.

Mimi was determined to stay in her home and was fortunate enough to have family members willing to pay cash for the condo, despite the high price.

Once the time period had come and gone only 14 units were sold and over 50 seniors were displaced by this hard line investor looking to turn a heafty profit.

See what is happening now in Part 2!