Wouldn’t touch RE with an IRA. I’ve stripped off a number of 2 mtgs. which were IRAs in Chapt. 13 BK cases and the holder ended up getting next to nothing after a 3-5 yr. plan. Additionally, with the mortgage fraud/meltdown continuing, I anticipate Congress to change the BK law at some point in the future to allow strip down on 1st mtgs. as well. If you’ve invested your IRA in a mortgage you will be stripped down and get next to nothing.
