Tag Archives: Older Adults at Higher Risk for Foreclosure

More than 1.5 million older Americans have lost their homes to foreclosure and millions more are at risk, according to a new AARP report. The risk appears to be greatest among Americans 75 years and older, as well as minority home owners. About one in 30 adults 75 and older face foreclosure today. That’s significant when compared to 2007, when one in 300 home owners aged 75 and older were at risk of foreclosure. Furthermore, older minorities — particularly African Americans and Hispanics — have foreclosure rates that are nearly […]