V, W, X, Y, Z

Variable Expense: An expense that changes, such a utilities, food, clothing or entertainment.

Walk-Through: A buyer’s final inspection of a property, usually conducted right before closing, to determine that the property is as described in the purchase agreement.

Workout Agreement: A negotiated agreement between a borrower and a lender or servicer to address a debt in default by the homeowner in order to avoid foreclosure.

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