WASHINGTON, July 19 (UPI) -- Thousands of older U.S. homeowners are at risk of foreclosure or have already lost their homes, AARP said Thursday.
The group's public policy institute released a study that showed that 1.5 million homeowners 50 and older were forced out of their homes between 2007 and 2011. In December 2011, 600,000 mortgages held by older people were in foreclosure and payments on 625,000 were more than 90 days overdue.