More Homeowners Over 50 Are Defaulting on Their Mortgages

Written by Gary North on December 4, 2012

You might think that middle aged homeowners would live in paid-off homes. Not so. They kept buying up. They kept taking on more mortgage debt. Then they borrowed against their equity. We now face a new situation. They are defaulting. Homeowners more than 50 yearsold are falling into foreclosure faster than any other age group, […]

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