What is Neutron Bomb Loan?
1.
Any loan contract structured to place the borrower into a position where it is not possible to pay off the principle; a predatory lending contract or product designed to financially wipe out the borrower. Originated 2007 by Bill Purdy, a California lawyer representing homeowners with predatory lending claims.
An ARM (adjustable rate mortage), "interest-only", and a liar loan are examples of a neutron bomb loan.
See
Random Words:
1.
A person who seeks revenge on others by performing wreckless acts upon them.
That crazy Ozzy Randolph hung the principal's dog fro..
1.
created by two philisophical ravers while touring the underground catacombs of paris, this dance (often performed by jaded ravers) encor..
