Hardship after the closing

[JPIngold]

I think I have heard the answer to this before, but is it acceptable for a participant to request a hardship AFTER the closing on a residence when he finds he put himself in a financial bind by using available money for a down payment? Closed in December, 2015.

[Lou S.]

Unless it is to avoid eviction or foreclosure on the newly purchased property I don't see where it would qualify.

He's already purchased the principal residence.

[QDROphile]

What is the need? What are the needs identified by the plan?

[JPIngold]

I agree that I don't think it meets the qualifications, but I was thinking I heard a speaker at ASPPA or somewhere say they thought it was reasonable. Maybe I was daydreaming.