If I start to negotiate a short sale on my house can my retirement (403b, IRA) be touched?

I know that banks look at your assets when negotiating short sales, but are retirement accounts included. Is there a way to hide that money or any money? I am drowning under my mortgage, but I don’t want foreclosure and bankruptsy. I owe 556,000 combined two mortgages and I still can’t sell my house at 540,000. It was appraised at 640, 000 at the beginning of the summer, but there is too much inventory and too few buyers. HELP!!!

Related Topics:

  1. Capital City among best for military retirement Capital City among best for military retirement No state tax on federal pensions, affordable housing and an air force base put Cheyenne in the Top 10 for military retirement. CHEYENNE — Financial services company USAA and Military.com named Cheyenne one of the top 10 small metros for military retirement on...
  2. how to start putting my house for short sale? can i claim taxes on my losses? also, is the bank going to look into my other assets? like jobs and my 2nd home?...
  3. Can I short-sale my house without proof of financial distress? I’m a single guy and make JUST enough money to pay two mortgages, but it’s still quite a burden. Can I still qualify for a short sale?...
  4. Advice? short sale my house and live in rent to own house? I don’t think I can afford to pay mortgage and my bills any longer. My interest is too high and with mortgage and bills, I’m paying over $8080 monthly not including spending money. My husband just started self employed and we both make about $9000 a month together and hardly...
  5. Moving- need to sell house FAST- short sale or what? Ok- owe $126M, house should appraise for $135M-$140M. I am planning on getting a realtor & trying to sell the normal way. I live in St. Louis, MO., and I want to move to PA in the summer so my son can start school in Aug-Sept. If the house doesn’t...
  6. If you offer less than what the buyer originally paid for a house, is that a short sale? I am looking at making a bid on a house in which the offer would be less than what the seller originally paid for the house. They paid 118,500 and are asking 125,900. It is appraised at around 100000. If I offered lower, would that be a short sale? Any...
  7. If i wanted to start a small bake sale infront of my house do i have to be authorized by the health dprtmnt.? I want to through this bake sale infront of my house & i was wondering if i can or if i have to be authorized by the health department or anything or if i just set up & sell?...
  8. I live in New Mexico and my house is in foreclosure. Is a short sale a good option? My house is currently in foreclosure. Ive talked to the lenders Countrywide and they suggested I do a short sale. They said to try to sell it at a price comparable to what other houses in the neighborhood sell for. They said if it doesnt sell for that then keep...
  9. What does the term “short sale” mean when buying a forclosed house? The house is in foreclosure and has been auctioned off for 25 thousand but the owner has 6 months to sell the home for more? He offered it to me for 35 thousand and is calling it a “short sale” Has anyone ever heard of that? I’ve never bought a...
  10. Can I sell my house as a short sale with tenants living in it? I have a contract with a property manager who has the house rented until Feb. I have been told by the bank to sell the house as a short sale. Can I sell the house as a short sale or will it be forced into foreclosure?...