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401(k) a foreclosure escape hatch? ยท WAHomeowners.com

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401(k) a foreclosure escape hatch?

401(k) a foreclosure escape hatch?

A concept for helping homeowners facing imminent foreclosure has surfaced that might offer modest help with no revenue cost to the government: Amend the tax code to allow homeowners who have 401(k) retirement plans to pull out money to save their houses from foreclosure without the usual tax penalties.

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Check out our Avoiding Foreclosure section for more resources and tips.