repossess

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repossess

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

repossess

verb capture, foreclose, obtain again, reacquire, recall, recapture, reclaim, recoup, recover, regain, replevy, retrieve, secure, seize, take back, take possession of
Associated concepts: attachment, security interest

See also: reclaim, recoup, recover, redeem

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.

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

UK Finance's figures show that 1,100 home-owner mortgaged properties were repossessed in the fourth quarter of 2017, down 8% compared with the same period a year earlier.

Drop in repossessions; MONEY, MONEY, MONEY

This bleak picture for repossessed properties is in sharp contrast to other segments of the Spanish housing market.

Fitch: Sale Discounts on Repossessed Spanish Homes to Stay High

Some 6,900 properties were repossessed in 1982, but at that time there were just over half the number of mortgages, at 6.

Number of homes lost in steep decline

and has assets of almost $104 million - illegally repossessed U.

COPOCO Community CU Sued for SCRA Violation

One of his tenants in Glasgow is being thrown out of his home because it is being repossessed.

Bank take flat from PS1m-rap landlord

They would be forced to sell their properties or could risk having their homes repossessed unless they find the necessary funds, it added.

MORTGAGE WARNING; ECONOMY TODAY

Now I'm almost totally blind and I'm worried my home will be repossessed and I will end up losing everything I have worked my whole life for.

Blind busman loses job and now fears for home

The Bank of Scotland raised a legal action against him and the property was repossessed.

Craig Whyte castle back on market

The aim of an in-house NLP division is to pro-actively manage problematic loans and 'wind-down' currently repossessed (or to be repossessed) assets with a view to maximise recovery value with no immediate time pressures (note that there are also social-economic implications that the policyholders need to address with mass liquidations and disposal of real estate in an area where there is currently no market liquidity).

Why Bank of Cyprus should not be separated

Despite telling the manager she had sold the television, she tried to retract that at interview claiming it had already been repossessed.