Katy Perry’s alleged reign of terror on the elderly (and nuns) by buying their homes and kicking them to curb might finally come to a halt, that is if new legislation passes.
Perry is currently involved in a dispute with Carl Westcott, the 84-year-old founder of 1-800-Flowers, who is suing to try and stop the sale of his eight-bedroom, 11-bathroom Santa Barbara mansion that Perry and her husband Orlando Bloom purchased for $15 million.
Carl Westcott’s son Chart and his family are spearheading the launch of the Protecting Elder Realty for Retirement Years Act, or Katy PERRY Act.
According to a website, “The Katy PERRY Act addresses the risks of elder financial abuse, especially as it relates to property and real estate sales and transfers. The Act establishes 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.”
Uh. ImpacT?
