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Older Americans Face Foreclosure, AARP Study Finds

WASHINGTON -- Over 25% of mortgage delinquencies and foreclosures involve seniors, AARP has found. And, older homeowners with subprime mortgages are 17 times more likely to end up in foreclosure than their peers with prime mortgages.

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WASHINGTON — Over 25% of mortgage delinquencies and foreclosures involve seniors, AARP has found. And, older homeowners with subprime mortgages are 17 times more likely to end up in foreclosure than their peers with prime mortgages.

AARP’s Public Policy Institute examined how Americans age 50 and over have fared during the housing and mortgage market crises.

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