"Repossessed" means taking something away from someone who was not able to pay for it, usually because they owe money or did not fulfill their financial obligations.
Full definition
The number of homes
repossessed by banks spiked 66 percent in the third quarter compared to the year before.
Bank of America Corp. is taking an unusual step in chipping away at its high inventory of
repossessed homes by demolishing some of the most run - down homes in its inventory.
• Credit card bills (i.e. Visa, Mastercard, American Express, etc.) • Department store charge cards • Unsecured credit lines • Hospital bills • Deficiency judgments for
repossessed vehicles or foreclosed property • Home utility expenses • Medical bills
Complete training in selling
repossessed properties by enrolling in online or in - class courses offered by community colleges or technical schools, attend real estate seminars or take classes offered by real estate agencies.
It can also keep you from having your car
repossessed in front of your family, which can be an emotional detriment.
The lawsuit against BofA began in September 2012, after the National Fair Housing Alliance released a study suggesting that lenders were violating the Fair Housing Act in their handling
of repossessed properties.
This means you could have your home
repossessed if you do not keep up with the payments.
Agents
for repossessed properties sell these homes at a lower price to buyers looking to find a great deal.
Some of those customers had their cars
repossessed because they could not afford both the auto loan and insurance payments.
This may be better than the lender repossessing and selling the house, as
repossessed houses can often sell for less than their market value.
Fine, if nobody else is affected; it's hard to muster sympathy for the bankrupt billionaires who have had the coral
repossessed from their giant aquariums.
Several years ago, a single mom at our church told us her car was going to be
repossessed at midnight.
But two years later, the mobile home was
repossessed after the grandson was divorced.
You must give careful consideration to whether you are willing to have your
assets repossessed if you are unable to keep up with repayments, particularly if their repossession will have a detrimental impact on your family or loved ones.
In fact, most of the complaints include mistakes in the customer's transactions in car mortgages, credit card loans, and approved bank sales for foreclosures, paid - off automobile loans that were mistakenly recorded
as repossessed and paid - off credit cards that were reported as delinquent.
These entities end up
with repossessed homes in their inventory and advertise them for sale on their websites with special financing available.
Derek and Carrie are a married couple who have gone through their fair share of financial turmoil; having their house
repossessed while they were planning their wedding sounds like most people's worst nightmares.
The man wielding the eviction notice is one Rick Carver (Michael Shannon), a real - estate broker who is making a killing refurbishing
repossessed residences (at uncle Sams expense!)
The article cites things such as not paying its foreign workforce in the Philippines and facing a multi-million-dollar lawsuit with Xerox,
who repossessed Tate's business machines some time ago.
If your creditor goes to court to get your hire - purchase
goods repossessed this is called an «action for delivery» and they will ask for a «decree of delivery».
Once your car
becomes repossessed, the lender usually sells it in order to make money off the vehicle.
Wells Fargo is reportedly facing a federal investigation over whether it
improperly repossessed cars owned by military members.
According to Texas Office of Consumer Credit Commissioner, it was found that cars involved in title loans which were
actually repossessed is 3.73 % in 2016.
If you stop making payments on a car loan, the car likely will be
repossessed sooner or later.
Besides defaulting on a loan, in some states, your car may be
repossessed when your insurance lapses.
In addition, I have four other accounts that have been considered «Revolving Accounts: Accounts with an open - end term», balances ranging from $ 0.00 to $ 10,958, (which include closed credit cards that have already been paid off, however closed, charge off's and
repossessed auto loans.)
And anyway, the Canadian
government repossessed all the land back in 1965 for nonpayment of $ 37.20 in property taxes.
«· Foreclosure: A foreclosure is reported on a credit report if a bank has
repossessed real property (real estate) due to reporting lack of payments.
It presents the work on the gallery's two floors, the ground floor showing work painted in East Harlem from the 1940s to the early 60s, while the second floor presents paintings from 1964 to 1976, after Neel moved to a new apartment in the Upper West Side (her
landlord repossessed the third of her East Harlem apartments after some 20 years» residence).
Designed with these objectives in mind, government
owned repossessed homes can be purchased with little to no money down.
Jonathan Gray of Blackstone Group LP went on the biggest homebuying spree in history after the U.S. foreclosure crisis,
purchasing repossessed properties from the courthouse steps and through online auctions.
Since last July, Uber and its wholly owned subsidiary, Xchange Leasing, have partnered with auto dealerships, advertised to drivers, and
even repossessed cars from drivers who lag in their payments.
Many of those people and institutions knew they were giving away their ownership but they didn't have a choice if they wanted to avoid having the
furniture repossessed.)
Jeremiah, for example, was indignant because recently liberated slaves were
illegally repossessed, but he says not a word to the effect that their ever having lost their freedom was a mark of the iniquity of his contemporaries (Jer.
Land Rover has
reportedly repossessed a luxury car from Australian rugby superstar Israel Folau in the wake of Folau's anti-gay remarks.
Allows me to bank accounts and sociology
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This dealership was able to work with me even though I have horrible credit and my previous car was
repossessed just weeks prior.
Phrases with «repossessed»