A hardship letter can help you avoid foreclosure and find mortgage relief If you’re struggling to make your mortgage payments, it may seem like you’re out of options and foreclosure is inevitable.

Rising household costs are causing many Americans to borrow from their retirement accounts to prevent foreclosure on their homes. Hardship withdrawals allow access to retirement savings but come ...

Home foreclosures were the biggest challenges for hardship withdrawals, with 39% of all retirement fund withdrawals in 2023 taken to bypass a home foreclosure or eviction, according to the report.