Tag Archives: Widows Increasingly Face Foreclosure

Just as the housing market is recovering, a growing group of homeowners–widows over the age of 50 whose husbands alone were holders of the mortgage–are losing their homes to foreclosure. Homeowners over 50 are falling into foreclosure at the fastest pace of any age group, according to nationwide data, in part because women are outliving their spouses and are unable to cope with cuts in their pensions, ballooning medical costs, and the fine print on their mortgages. While there are no exact measures of how many widows have entered foreclosure, […]