Residential mortgage debtor definition

Residential mortgage debtor or "debtor" means any person
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Residential mortgage debtor or "debtor" means any person shown on the record of the residential mortgage lender as being obligated to pay the obligation secured by the residential mortgage.
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Residential mortgage debtor means a non-corporate borrower who is obligated to a residential mortgage lender to repay in whole or in part a residential mortgage and a successor record owner of the property, if any, who gives notice thereof to the residential mortgage lender.
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More Definitions of Residential mortgage debtor

Residential mortgage debtor means a non-corporate borrower
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Residential mortgage debtor means an individual mortgagor A <
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Related to Residential mortgage debtor

  • Residential mortgage loan means any loan primarily for

  • Commercial Mortgage Loan means a loan secured by a mortgage, other than a residential mortgage loan.

  • Conventional Mortgage means a mortgage for which the principal amount, at the time of commitment, together with all other equal and prior ranking mortgages: (a) in the case of a property purchase, does not exceed the lower of 75% of the purchase price of the underlying real property securing the mortgage and 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser; and (b) in the case of a refinancing, does not exceed 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser at the time of such refinancing.

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • Additional Mortgage shall have the meaning assigned to such term in Section 5.10(c).

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Mortgage shall have the meaning assigned to such term in the recitals.