Repossession is the legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). repossession. Retrieved September 21, 2026, from http://smartdefine.org/repossession/definitions/1162281 |
| Chicago | Barry Goldsmith. 2010. "repossession" http://smartdefine.org/repossession/definitions/1162281 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, repossession, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/repossession/definitions/1162281>. |
| MLA | Barry Goldsmith. "repossession" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/repossession/definitions/1162281> |