"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. (nreionline.com)
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. (realtormag.realtor.org)
• 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 (debtkid.com)