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2. Deed of reconveyance: What it is and how it works - AOL

   www.aol.com/finance/deed-reconveyance-works...

   Once you pay off your mortgage, the mortgage lender — also referred to as the “trustee” — creates the deed of reconveyance document. The lender then signs this document and has it notarized.

3. How long should I keep mortgage statements and documents? - AOL

   www.aol.com/finance/long-keep-mortgage...

   While you can discard monthly mortgage statements, it's important to keep all mortgage documents, such as the promissory note, deed of trust and proof of title insurance, for the life of the loan.

4. Verification of employment - Wikipedia

   en.wikipedia.org/wiki/Verification_of_employment

   Verification of Income and Employment (VOIE) is a process [1] used by banks and mortgage lenders in the United States to review the employment history of a borrower, [2] to determine the borrower's job stability and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003). Lenders require complete ...

5. Accord and satisfaction - Wikipedia

   en.wikipedia.org/wiki/Accord_and_satisfaction

   Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.

6. 'It has just wrecked my whole life': Texas woman, 85, says ...

   www.aol.com/finance/just-wrecked-whole-life...

   Afterward, Jefferson’s bank disputed the mortgage payment amounts, and according to the broadcaster, in 2019, the bank filed a motion for summary judgment to take the house. It’s now in ...

7. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   Mortgage Interest Paid (1st Year): $11,933; x MCC Credit: 30% = Total Credit: $3579; Because the total credit in this example exceeds the IRS limit of $2000, the homebuyer would report a $2000 credit on their tax return. The buyer may continue to receive a tax credit for as long as they live in the home and retain the mortgage.

8. What is a mortgage proof of funds letter? - AOL

   www.aol.com/finance/mortgage-proof-funds-letter...

   Many mortgage lenders allow you to provide bank statements as proof of funds. In some cases, though, you might need a formal letter. You can request a proof of funds letter in person at your bank ...

9. Wraparound mortgage - Wikipedia

   en.wikipedia.org/wiki/Wraparound_mortgage

   A wraparound mortgage, more commonly known as a "wrap", is a form of secondary financing for the purchase of real property. [ 1 ] [ 2 ] The seller extends to the buyer a junior mortgage which wraps around and exists in addition to any superior mortgages already secured by the property.