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Mortgage Crisis: Millions of Older Americans at Risk of Foreclosure

July 21, 2012

Please read this…if you are interested in learning how AARP is reporting that million of 50+ American citizens are at risk of losing their home because of the market.

“Since the housing crisis started, more than 1.5 million homeowners age 50 or older have already lost their homes to foreclosure, pushing the foreclosure rate among this group to 2.9% in 2011 from 0.3% in 2007, according to the AARP’s Public Policy Institute. And another 3.5 million have found themselves underwater, owing more on their mortgage than their homes are worth.”

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