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  • Apr 3, 2008, 07:38 AM
    nececat
    Money from 401k
    I am trying to get a hardship withdrawy from my 401K and my mortgage is 2 months behind, because It does not state that it is in foreclosure, they will not give me the money from the 401K, what should the letter say?
  • Apr 3, 2008, 07:40 AM
    ScottGem
    The letter should state that, if payment is not received by x date, then foreclosure proceedings will start.

    Can you take a loan instead? EVen if you qualify for a hardship withdrawal, you are still subject to the 10% penalty and taxes on the money withdrawn.

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