repossession :

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repossession

ree puh ze shuhn

  • n  the action of regaining possession (especially the seizure of collateral securing a loan that is in default)

  • Since then, repossession statutes have been quietly dying in a number of states, most recently in Alaska, Iowa and Massachusetts.
  • They have: Walter homes have a repossession rate half the national average.
  • Everything is rooted in the soil, from Dhan's financial crisis that stems from the repossession of his livestock floated as security for a bad loan to the elemental .
News & Articles

  • High prices are driving more motorists to rent tires
    Chains such as Rent-a-Wheel and Rimco are seeing business boom. Many consumers pay double or triple the cost of buying and face aggressive repossession policies. When the tires on their Dodge Caravan had worn so thin that the steel belts were showing through, Don and Florence Cherry couldn't afford to buy a new set.        
    June 10, 2013 - The Morning Call
  • More Cash-Strapped Drivers Opt to Rent Tires
    Tire rental chains such as Rent-a-Wheel and Rimco are seeing business boom, the Los Angeles Times reports, even though many consumers end up paying double or triple the cost of buying tires and face aggressive repossession policies.
    June 10, 2013 - Los Angeles Business Journal
Quotes

  • Vince Cable in Kidderminster Shuttle
    Mr Cable said: "We have a raft of measures here, practical, economic measures, compassionate measures for helping people faced with repossession."
  • Foreign Secretary Margaret Beckett in ITV.com
    Housing Minister Margaret Beckett said: "We are determined to do everything possible to ensure repossession is always a last resort, and are taking action to give real help now to households most in need. Our mortgage rescue scheme is up and...
  • Yvette Cooper in Easier (press release)
    Chief Secretary to the Treasury, Yvette Cooper said: "We need to make sure we help those who might be hardest hit in the tougher times ahead, ensuring repossession is the last resort not the first. We also want to make sure that vulnerable...

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