Older Americans are struggling to keep their homes across the country, according to a new AARP report, with 1.5 million older homeowners who have already lost their homes and millions more at risk. The housing crisis is having a tough impact on them, and they’re the part of the population who are already among the worst positioned to deal with these problems.
Whenever I bring up the ongoing mortgage and foreclosure fiasco (and yes, this topic does come up often in my casual conversation; which is probably why I’m single), at least one of my renter friends cavalierly states that he or she is happy to not have to worry about having a bank wrongly foreclose on them, or mistakenly seize their stuff. But as the following story shows, that just isn’t so.
As much as we Consumerists hate when our work crosses over into our personal lives and we end up on hold with our cable TV provider for hours or feel the sting of the grocery shrink ray, that’s nothing compared to what happened to a reporter in Las Vegas who, while investigating the rampant foreclosure fraud in his region, discovered he too had fallen victim to the very problem he was reporting on.