When you think about the housing crisis that hit the U.S., you cannot forget the human lives behind the millions of foreclosures. Families who could not make ends meet and who were simply hoping to live the “American Dream” had to forgo those dreams. High mortgage payments, bills, medical costs, and the rapid decline in housing prices left many underwater. But did you know that many of these people are actually over 50 years old? According to this NY Times article, “…one and a half million Americans over the age of 50 who lost their houses to foreclosure between 2007 and 2011. Of those, the highest foreclosure rate was for homeowners over 75.” Read the entire article here: Facing Foreclosure After 50

 

Are you an older American struggling to pay any of your credit card payments or bills? Are you afraid you might start falling behind on your mortgage payments? Consumer debt mediation may be the option you’re looking for and our attorneys can help. You don’t have to file bankruptcy to resolve your debts! If you want to learn more about a bankruptcy alternative, contact our Orange County Debt Mediation Attorneys at 949-200-8755.