Repossession: Difference between revisions

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imported>Doug Williamson
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imported>Doug Williamson
(Note that foreclosure is undertaken by the lender.)
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''Secured lending''
''Secured lending''


In residential mortgage lending, 'repossession' is a colloquial term meaning foreclosure.
In residential mortgage lending, 'repossession' is a colloquial term meaning foreclosure by the lender.





Revision as of 06:42, 22 August 2017

Secured lending

In residential mortgage lending, 'repossession' is a colloquial term meaning foreclosure by the lender.


See also