New research by the AARPÂ shows that for the six month period ending in December, 2007, 684,000 older Americans (aged 50 and over) were either in foreclosure or were delinquent in mortgage payments. That’s more than a quarter of all foreclosures or delinquencies (28.1%). “The public perception is that older Americans are financially secure in their homes,” said Reinhard. “But the reality is that while many are in fact secure, hundreds of thousands of others are not and face unsettling uncertainty over their futures as homeowners. “Older Americans depend on their homes both for shelter and as a retirement asset,”...






