repossessed
Seized by lender
Repossessed describes property taken back by a seller or lender when the buyer fails to make payments.
Cars, homes, and furniture are commonly repossessed: They came to repossess the car after he missed three payments.
The word implies a forced reclaiming—the buyer loses what they thought was theirs.
Preset standard option
- delinquencyCriminal or neglectful behavior
- collateralSecurity for debt
- past dueBeyond payment deadline
- overduePast expected arrival
nonpayment · arrears · deficiency · secured loan · subprime · late payment · collection · outstanding balance
Removal from usual location
- deprivationState of lacking necessities
- forfeitureLoss due to breach
- surrenderCease resistance, yield
- financial hardshipSevere money difficulties
shame · stigma · instability · stripped · taken back · emotional toll · starting over · setback
Vehicle that pulls others
- impoundSeize by authority
- confiscateSeize by authority
- seizeTake suddenly, forcibly
- reclaimTake back possession
retrieval · lockout · repo man · skip tracing · voluntary surrender · breach of peace · deficiency judgment · personal property
Forced departure from rental
- bank-ownedHeld by foreclosing lender
- distressedSuffering emotional turmoil
- sheriff's saleForced sale of seized property
- mortgage defaultFailure to repay home loan
short sale · homeowner · underwater mortgage · housing crisis · forced sale · property auction
Binding judicial directive
- judgmentReasoned decision-making capacity
- debtorOne who owes
- lienClaim securing debt
- breach of contractFailure to perform agreed duties
Take back possession
- redemptionRecovery or moral restoration
- reinstateReturn to previous position
- redeemRecover through payment
- buy backReacquire something previously sold
second chance · negotiate · refinance · payment plan · catch up · fresh start · rebuild · financial recovery
default
Preset standard option
- delinquencyCriminal or neglectful behavior
- collateralSecurity for debt
- past dueBeyond payment deadline
overdue · nonpayment · arrears · deficiency · secured loan · subprime · late payment · collection · outstanding balance · charge-off
displacement
Removal from usual location
- deprivationState of lacking necessities
- forfeitureLoss due to breach
- surrenderCease resistance, yield
financial hardship · shame · stigma · instability · stripped · taken back · emotional toll · starting over · setback · downfall
tow truck
Vehicle that pulls others
- impoundSeize by authority
- confiscateSeize by authority
- seizeTake suddenly, forcibly
reclaim · retrieval · lockout · repo man · skip tracing · voluntary surrender · breach of peace · deficiency judgment · personal property · motor vehicle
eviction
Forced departure from rental
- bank-ownedHeld by foreclosing lender
- distressedSuffering emotional turmoil
- sheriff's saleForced sale of seized property
mortgage default · short sale · homeowner · underwater mortgage · housing crisis · forced sale · property auction
court order
Binding judicial directive
breach of contract · reinstatement · title transfer · garnishment
reclaim
Take back possession
- redemptionRecovery or moral restoration
- reinstateReturn to previous position
- redeemRecover through payment
buy back · second chance · negotiate · refinance · payment plan · catch up · fresh start · rebuild · financial recovery
repossessedrelinquished
Gave up possession of
surrendered · sold · handed over · given up · forfeited
- repossession agentRecovers defaulted collateral
repossess, repossession, prepossession, prepossess, repossessing, repossessions, repossesses, repossessor