A hardship withdrawal is an emergency removal of funds from a retirement plan, sought in response to what the Internal Revenue Service (IRS) calls "an immediate and heavy financial need." This type of special d
The seller retains equity in the home and continues to own a percentage equal to the amount of loan until the vendor take-back mortgage is paid in full. Both types of mortgages can be subject to foreclosure in the event of the borrower's default on the loan terms. How a Vendor Take-Ba...