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Guest ewhitmore
Posted

Does an impending sheriff's sale of a primary residence fall under the category of eviction for purposes of a hardship withdrawal? We are assuming it does, but can not find a solid answer. The sheriff's sale is a result of not paying township/county taxes.

Posted
Does an impending sheriff's sale of a primary residence fall under the category of eviction for purposes of a hardship withdrawal? We are assuming it does, but can not find a solid answer. The sheriff's sale is a result of not paying township/county taxes.

I agree. Eviction is a logical and foreseeable consequence of a sheriff's sale.

Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra

Posted

Yes it would. Code says eviction or foreclosure is safe harbor reason for hardship.

JanetM CPA, MBA

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