I thought the American way was nothing down, interest only payments, and it's never really yours until the bank comes and takes it away.
We looked at a foreclosure where it appeared the previous tenants were living at the edge of the property in a class A with all there stuff under a tarp on a trailer. They'd clearly been encamped for some time, and apart from the property being overpriced, it certainly looked like a headache we didn't need.
Anyway, if somebody wants to pop over to the WIKI and enter this info under a "Finance Options" section that would help it form being lost. Just log in with your same username and password and you can add and edit any information for future reference.