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What is a Debtor? | Real Estate 101
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Debtor
A person who has a legal obligation to pay money to another
People who may have taken out a loan for a home or studies are debtors, as they have taking upon debt through a loan which they are obliged to repay
Debtor
A person who has a legal obligation to pay money to another
People who may have taken out a loan for a home or studies are debtors, as they have taking upon debt through a loan which they are obliged to repay
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