Currently, you may invest your Individual Retirement Account (IRA) in the mortgages of non-family members, but you cannot invest in your own mortgage. During these difficult financial times, with so many losing their homes to foreclosure, people should be able to avoid foreclosure by investing in their own homes. If you are in foreclosure and want to use your IRA to save yourself, your only option right now is to cash out your IRA and lose your retirement account while paying substantial penalties and taxes on your withdrawal. People will be able to keep their homes if allowed to invest their IRAs in their own homes.
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