Borrower with a large mortgage, yet little or no equity in the property. This individual is likely to never be able to pay off the loan because of the high costs related to owning a home. In addition to the mortgage payments, these costs can include property taxes, insurance, and home repairs.
Related information about home debtor:
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The term "home debtor" is often used to describe those who will likely never be able to pay off their mortgage because of the costs associated with home ...
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Definition of home debtor: Borrower with a large mortgage, yet little or no equity in the property. This individual is likely to never be able to pay off the loan ...
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Home / Debtor Education Internet Course. As part of your bankruptcy requirements, you are required to complete a 2-hour approved debtor education course.
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