In order to raise the cash, the victim's family will probably have to liquidate assets – mortgage the house, sell stocks, pool money from other relatives.
Over the life of a 30-year home mortgage agreement, a homeowner could pay hundreds of thousands of dollars more in interest than just two or three years ago.
I mean, back then, millions of people had these subprime mortgages that were just - had these crazy terms where the payments went so high, no one could afford them.
For example, a friend of mine was so hard bit during the depression that the gas company shut off the gas and the bank foreclosed the mortgage on the house.
After I was elected to the U.S. Senate, we sold our East View Park condo at a price high enough to cover our mortgage and home equity loan and make a small profit.
在我当选美国参议院议员后,我们以足够高的价格出售了我们的 East View Park 公寓,以支付我们的抵押贷款和房屋净值贷款,并赚取了少量润。
In August angry homebuyers gathered at a branch of Bohai Bank in Shanghai to demand more information on their mortgages for homes at a development that has halted construction owing to a lack of money.