"To repossess the property" means taking back or reclaiming ownership of a house, land, or other belongings that were previously given to someone else due to non-payment or violation of an agreement.
Full definition
Synonyms for individual words can be found below.
«repossess»
«property»
Sentences with «to repossess the property»
- Foreclosure: When a borrower fails to meet the obligations agreed upon in the mortgage loan agreement and the lender repossesses the property in order to get the money they loaned to the borrower back. (vamortgagecenter.com)
- The lender will have a legal right to repossess the property if the borrower fails to make the monthly payments on the loan. (badcreditloanservices.com)
- Repo - man is slang for a collection's company representative who repossesses property for a creditor. (betterbankruptcy.com)
- (see all
sentences)