Thread: Any Advise?
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Old 11-05-2009, 10:37 AM   #1 (permalink)
litehouse01
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Any Advise?

My stuff is about to go to the underwriter. And I want to make sure that I have done all I need to do in explaining why we took what we had in 401k in 2008 to get us thru. I tried to show a timeline in my hardship letter. My husbands company downsized his particular station big time and his hours were cut to that of a part timer so those left that were eligible to take retirement did to survive he had 34 yrs on the job ...we were on the brink of foreclosure back then because of all of this and we used a chunk to bring it back to current about 14k..the rest carried us thru his job search for other fulltime employment from July 08 to feb 09. His pension income is reduced because when his employer went thru 2 bankruptcies they dumped the pensions on the PBGC so you get about on third of what you should have gotten. Is there anything else I should say or do to address this issue before the underwrtier has it?


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