Proposed Housing Law Addressing Elderly Financial Abuse to Be Named After Katy Perry
Perry's real estate woes continue
Published Oct 03, 2023Katy Perry does two things — make pop songs and become embroiled in dramatic real estate battles with the elderly.
Infamously, a nun involved in a years-long legal dispute with Perry and the Los Angeles archdiocese (over an eight-acre former convent that Perry sought to buy) collapsed and died in court in 2018.
Now Perry is in the midst of another octogenarian real-estate tiff over the potentially illegal purchase of a Santa Barbara home that Perry obtained in 2020 from 84-year-old Carl Westcott. Westcott now claims that he was of "unsound mind" when he signed the contract to sell the house and tried to back out of the deal shortly after it was made.
As reported by Semafor, Westcott's family is now spearheading a proposed housing bill named after Perry, which addresses elder financial abuse in real estate sales. The Katy PERRY Act — an acronym for Protecting Elder Realty for Retirement Years — aims to establish "a 72-hour cool-down period during which either party involved in a contract for conveyance of a personal residence, in which one party is over the age of 75, can rescind the agreement without penalty."
The details are laid out on the Katy PERRY Act website, which also lists the bipartisan endorsements the proposed bill has gathered. Part of the bill's overview reads, "To prevent wide-scale problems in the real estate market, we, the undersigned, pledge our commitment to introducing and supporting legislation that addresses the risks of elder financial abuse, especially as it relates to property and real estate sales and transfers."
The trial between Perry and Westcott is ongoing.