Repossession | Real Estate Glossary

Definition of "Repossession"

Taking back property when the borrower defaults on the loan.

Policy that pays a dividend to its owner. ...

Insurance policy designed to provide coverage for the deductible amount and the coinsurance amount r ...

Individual who by his expertise, education, and experience prepares syndication reports. ...

The ratio, in a development, of open space to developed land. For example, a housing subdivision con ...

Use of borrowed funds to enhance expected returns. It is anticipated that the investment will earn a ...

The act of recording of deeds and other property instruments in a public registry. Recordation give ...

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

Every person has a different idea of what financial security means. If so, should happen to you, how ...

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

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