repossess


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repossess

v. to take back property through judicial processes, foreclosure, or self-help upon default in required payments.

repossess

to take back possession of property, especially for nonpayment of money due under a hire-purchase agreement. The right is circumscribed in many systems.
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References in periodicals archive ?
We discovered that the suspect had repossessed the jaguar but failed to deliver it to the bank to be auctioned.
Debt collector seizes Dh193,000-worth Jaguar car for himself
The suit contended the credit union - which is located in Bay City, Mich., and has assets of almost $104 million - illegally repossessed U.S.
COPOCO Community CU Sued for SCRA Violation
"These men have paid their rent - it is not their fault that the house is being repossessed.
Vulnerable persioner loses home; City property is repossessed
The families were informed they could remain in the properties for as long as they wanted under the tenancy agreement but because the mortgage applications were found to be based on false information, the lenders now have a right to repossess the homes.
In homes for Christmas... Good news for 'scammed' families
An Executive Council resolution passed in April, allows developers to repossesses properties, retaining forty percent of their value, local media reported.
Union Properties moves to repossess units from defaulted investors
The Reserve Bank of India (RBI) has announced that Non Banking Financial Companies (NBFCs) can repossess assets in case consumers default on loans taken against them.
RBI says NBFCs can repossess assets in case of default
That's because whether you voluntarily return your car to the lender or it is repossessed, you are responsible for the lender's loss on the car and any fees covering that loss.
The repo man cometh: the real deal on vehicle repossessions
1038 to limit the gain recognized to the cash and property (other than the repossessed property) previously received from the buyer; a loss cannot be recognized.
When and how to avoid sec. 1038 relief when reacquiring real property
People who obtained public land in Nandi county irregularly have 21 days to voluntarily return it or else the regional government will repossess it.
Sang moves to repossess 'grabbed' land again
Homeless charity Shelter is currently working with Bill in a bid to stop court action by his mortgage company, which is threatening to repossess his home.
Blind busman loses job and now fears for home
When repeated attempts to contact her failed, the shop's area manager attended her home on May 5 to repossess the goods.
Work order after selling a hired TV
The Government has announced plans to close a legal loophole which enables lenders to repossess people's homes without going to court.
Court move to help at-risk homeowners; Special correspondent Nicky Burridge looks into proposed new legislation which could lead to fewer repossessions in the future

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