Mike has some valid points, though I do not agree with taking it out to cash and paying both the tax AND the PENALTY (additional 10%).Also, I do not agree with others on rolling over to an IRA (unless that is your only option) but rather, rolling into a solo 401k plan which is a self administered 401k plan requiring you to have your own business without any employees other than you and a spouse (or multiple spouses if you live in Utah - J/K) :)Advantages of 401k over IRA is ability to place more in each year (contributions that is), borrowing provisions (IRA's do not have them), and company matches to contributions.If you were going to take it out and take the hit, i would only recomend doing so by rolling into a ROTH solo 401k plan.

Easy to administer and operate.

Dayton has a program administered through the building department that takes a Percentage of funds paid out on claims and will refund upon completion and inspection of repairs.

The size matters because there are costs (not all of them to us) in getting the company set up and compliant, and there are costs (again, not all to us) in administering the Compliance Management System as well as the lending operation itself.

As John suggests, this will be locally administered and enforced depending on the city/municipality.

Most will sell out, they want the money now, not the headaches to get more later and many realize pop's old rentals aren't going to appreciate.Another issue, properties in a trust can be expensive to administer since trust accounting can require market value assessments for accounting purposes, meaning appraisals, not book value or guesstimates.

Rick, last point, if an estate has to go through probate (not all estates obviously do with the right pre-death financial planning), the administer can be immediately be appointed and take action.

The program is administered by HUD's Office of Housing-Federal Housing Administration.

Section 8 programs are locally administered, federally funded programs and the implementation is different from place to place.

Neel Kashkari, the official who administers the Troubled Asset Relief Program, wrote to Citigroup Inc., Bank of America Corp. and 18 others on Jan. 16 seeking figures on business and consumer loans.