"Repossessed homes" refers to properties that have been taken back by a bank or lender because the previous owner was unable to pay their mortgage or loan. These homes are then put up for sale by the bank or lender to recoup the unpaid money.
Full definition
Synonyms for individual words can be found below.
«repossessed»
«homes»
Sentences with «repossessed homes»
- There also is evidence of repossessed homes coming back on the market for the spring sales season. (chicagotribune.com)
- Or do the bank repossessed homes come with too much extra baggage? (biggerpockets.com)
- These entities end up with repossessed homes in their inventory and advertise them for sale on their websites with special financing available. (thebalance.com)
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sentences)