Repossession in a Sentence πŸ”Š

Definition of Repossession

the act or process of taking back possession of something when a buyer defaults on payments

Examples of Repossession in a sentence

Repossession of the defaulting party's home happened after they no longer were able to afford the 1,200 a month mortgage payments. πŸ”Š

During the repossession process, the bank sent a tow truck driver to find and bring in the SUV that it was taking possession of.  πŸ”Š

The judge decided to hold off on the lender's request for repossession and give the borrower time to pay off his debt before taking his property. πŸ”Š

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