Main St.'s Lack of Liquidity

By
Real Estate Agent with Inactive

Continuing to brainstorm on solutions to expedite the recovery of the housing market, the govt. could revise its rules governing early withdrawls from 401Ks and IRAs to allow people to withdraw up to $50,000 without penalty and without any income taxes for the exclusive purposes of saving their primary residence from foreclosure or for purchasing a primary residence. I would also suggest that this relief from penalties and taxes should expire Dec 31 2009.

From a Broker in Bandon, Port Orford, & Gold Beach Oregon

Posted by

George Bennett, Principal Broker, Affiliated, GRI in Port Orford, OR 97465

Affiliated with 'Neath The Wind Realty Inc.

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