Woman borrows from 401(k) to buy homes

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KMOV.com

Posted on October 22, 2008 at 11:00 PM

Updated Sunday, Nov 1 at 1:30 PM

In Missouri, one out of every 700 homes is in foreclosure. In St. Louis, the rate is one out of every 188 homes. News 4's Mike O'Connell talked with Tamara Robinson, who borrowed $25,000 from her 401(k) to cash in on the crumbling real estate market.

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