Reader Questions

Should We Give the House Back to the Bank? – Cal

I live in PA and am a caregiver for my sibling that is on disability because of early stage alzheimer. She is 55. She has a home that has a double mortgage that totals all together $48,000.

We are considering just letting the bank take her home but the question is will the bank take her 401K along with it?

Cal




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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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