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Question by spider33570: Is an IRA considered income in home foreclosures?
If you have invested money in an IRA is it considered income if your home is foreclosed?
Best answer:
Answer by STEVEN F
It is an ASSET, not income. In addition, retirement accounts are exempt for ALL collectors, with the POSSIBLE exception of the Federal Government.
What do you think? Answer below!
Insuring Federal Housing Authority Mortgages
… foreclose on the home (just look at all the people who walked away from their 0%-down-payment, housing-bubble mortgages). FHA loans have lower down payment requirements, and less stringent income and credit requirements than conventional loans. …
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