{"id":33662,"date":"2012-07-20T20:00:16","date_gmt":"2012-07-20T20:00:16","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/facing_foreclosure_after_age_50\/"},"modified":"2012-07-20T20:00:16","modified_gmt":"2012-07-20T20:00:16","slug":"facing_foreclosure_after_age_50","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=33662","title":{"rendered":"Facing Foreclosure After Age 50"},"content":{"rendered":"<p>Roy Johnson fell so far behind on his $1,000-per-month mortgage payments that last year he allowed the redbrick, three-bedroom ranch he had owned since 1963 to lapse into foreclosure.<\/p>\n<p>\u201cI couldn\u2019t pay it any longer,\u201d\u009d he said. \u201cOne day, I woke up and said, \u201d\u02dcHell, I\u2019m through with it. I\u2019m walking away from the house.\u2019 \u201d\u009d<\/p>\n<p>That decision swept Mr. Johnson, 79, into a rapidly expanding demographic: older Americans who have lost their homes in the Great Recession. As he hauled his belongings by pickup truck from this Atlanta suburb and moved into his daughter\u2019s basement, Mr. Johnson became one of the 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.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2012\/07\/19\/us\/foreclosure-rates-surge-for-older-americans-aarp-says.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roy Johnson fell so far behind on his $1,000-per-month mortgage payments that last year he allowed the redbrick, three-bedroom ranch he had owned since 1963 to lapse into foreclosure. \u201cI couldn\u2019t pay it any longer,\u201d\u009d he said. \u201cOne day, I<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=33662\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,103,582,589,149,600,593,585,596],"tags":[],"class_list":["post-33662","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-aging-the-elderly","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-housingreal-estate-market","category-personal-finance","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33662"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33662\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}