Is my 401k protected when a deficiency judgement is obtained?
Are 401K, IRA and SEP protected when a deficiency judgment is obtained? Can the mortgage company take the money that I have in these retirements funds or place a lien on them? by Hazel21 from , . Aug 10th 2009
Debra Clark (Debra Clark)
#146 ranked lender in California - 42 contributions
Hello, your retirement accounts and pension plans are protected against any kind of judgments. The lender cannot garnish your pension and retirement account. The lender will not be able to place a lien on them as well.
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