Sentence Examples


  • In some states, this time extends after the sale of the home, meaning that the original homeowner can reinstate their right to repossess the home even after a new, third party has purchased the home at auction.
  • For this reason, when a homeowner stops making mortgage payments, the bank as the lien holder has the right to repossess the home in the form of a foreclosure.
  • Your lender will send you a certified letter to let you know they will be following the legal process through the court system to repossess your home.
  • There are a number of organizations that either repossess vehicles for nonpayment or seize vehicles for legal reasons.
  • If you do default on the loan, the lender can repossess the vehicle and sell it to recoup some of its losses.