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 ?
By failing to obtain court orders before repossessing motor vehicles owned by protected servicemembers, HSBC prevented servicemembers from obtaining a courts review of whether their repossessions should be delayed or adjusted to account for their military service.
Of the repossessions recorded last year, 16,100 were on owner-occupied homes and 4,900 on buy-to-let properties.
Both the UK owner-occupier sector and the buy-to-let sector have seen overall total reductions in arrears and repossessions.
THE number of new mortgage repossession cases coming before the courts here is the lowest since 2007.
When it comes to repossessions, some of them do whatever requires the least amount of effort and resources, according to AFG.
The CML said the slight quarteron-quarter increase in repossessions was a normal seasonal upturn.
9) Typically, independent contractors, popularly known as "repo men," perform such repossessions.
ULSTER Bank has begun sending out repossession notices to mortgage holders in arrears.
Bank repossessions generally occur months or even a year or more after the first notice of default on a mortgage is sent.
The figures indicate that the overall number of repossessions this year will be way below the CML's previous forecast that the numbers could rise to 45,000 by the end of 2012.
There were 8,500 repossessions between April and June this year, marking the lowest quarterly total since the last three months of 2010, the Council of Mortgage Lenders (CML) said.
The research found a "clustering" of private households on Tyneside facing the threat of repossession.