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You asked "Isn't any retirement fund an asset that will be taken for settlement by a lender in a foreclosure." Absolutely not, its very difficult for any creditor to get at your 401's, but specifically to mortgages, the collateral on the note or mortgage is teh property itself, so while they can take the house and ruin your credit, they really don't have rights to any other assett. Foreclosure does not neccessarily equal bankruptcy.
By John
