Why Would An Elderly Couple Foreclose Their House?

Why Would An Elderly Couple Foreclose Their House?

People over 50 were not saving enough money, according to the American Association of Retired Persons (AARP), and this was a contributing factor to the rise in elderly foreclosures.Other contributing factors included pension cuts, rising medical costs, shrinking portfolios and falling property values, as well as the fact that, like other age groups, people over 50 were not saving enough money.

Alice Sparrow

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