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2. Bank walkaway - Wikipedia

   en.wikipedia.org/wiki/Bank_walkaway

   As with other departures from ordinary home ownership or foreclosure, bank walkaways leave homes in a state of limbo – the houses may be vacant and in dilapidated condition, and the ownership and future of the house are unclear. When a home is not foreclosed on, the borrower (generally resident or landlord) is still legally responsible for ...

3. Our dream retirement home was swept away by a hurricane - AOL

   www.aol.com/finance/dream-retirement-home-swept...

   The house serves as collateral guaranteeing the loan, but you don't just get to walk away from your contractual obligations if something happens to the collateral. After all, you still borrowed ...

4. Documents needed for mortgage preapproval - AOL

   www.aol.com/finance/documents-needed-mortgage...

   Pay stubs from at least the past 30 days. Tax returns (including W-2s) from the past two years. Bank statements from the past two months to three months – checking, savings, money market accounts

5. Homebuying checklist - AOL

   www.aol.com/finance/homebuying-checklist...

   What is the 28/36 rule for home affordability? The 28/36 rule is a common guideline to help determine how much home you can reasonably afford (after you’ve paid the down payment and closing ...

6. Government policies and the subprime mortgage crisis

   en.wikipedia.org/wiki/Government_policies_and...

   Government housing policies guaranteed home mortgages and/or promoting low or no down payment have been criticized by economist Henry Hazlitt as "inevitably" meaning "more bad loans than otherwise", wasting taxpayer money, " leading to "an oversupply of houses" bidding up[ the cost of housing. In "the long run, they do not increase national ...

7. Subprime crisis background information - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_background...

   An estimated 8.8 million homeowners (nearly 10.8% of the total) have zero or negative equity as of March 2008, meaning their homes are worth less than their mortgage. This provides an incentive to "walk away" from the home, despite the credit rating impact. [35]

8. 2025 financial checklist: Your guide to protecting your ... - AOL

   www.aol.com/finance/financial-planning-checklist...

   That’s why you should review your current policy's coverage against your actual needs. For example, if you drive less than 7,500 miles annually you might qualify for a lower premium or a low ...

9. Flexible mortgage - Wikipedia

   en.wikipedia.org/wiki/Flexible_mortgage

   A specific type of flexible mortgage common in Australia and the United Kingdom is an offset mortgage. The key feature of an offset mortgage is the ability to reduce the interest charged by offsetting a credit balance against the mortgage debt, with interest charged based on the outstanding net debt.