Al Karp and his son Larry and wife Saundra have to resort to performing to raise funds to save their home. Photo: AP

More retired Americans face home foreclosure after refinancing

One third of US homeowners 65 and older were paying a mortgage in 2013, up from 22pc in 2001

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Al Karp and his son Larry and wife Saundra have to resort to performing to raise funds to save their home. Photo: AP
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