It followed a report last month by the Seattle Times newspaper and online BuzzFeed News accusing the largest U.S. mobile home builder of exploiting black, Latino and Native American borrowers by driving them into subprime loans they can not afford, and harming communities by repossessing homes after borrowers default. (fortune.com)
It is the legal process where the lender repossesses your home after defaulting on the required mortgage payments. (homebuyingtips.net)
Having the bank repossess your home will raise all sorts of red flags to the credit bureaus that you can't be trusted with large investments. (thetoptens.com)