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Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers. [1]
The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".
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[3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]
REO sale property in San Diego, California. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
Goldeneye estate. Goldeneye is the original name of novelist Ian Fleming's estate on Oracabessa Bay on the northern coastline of Jamaica.He bought 15 acres (6.1 ha) adjacent to the Golden Clouds estate in 1946 and built his home on the edge of a cliff overlooking a private beach.
Dr. Ron Paul, U.S. Congressman, Texas District 14, former candidate for Republican nomination for U.S. President; Chuck Baldwin, 2008 presidential candidate for the Constitution Party
Kensington Estate [25] [26] Old Montpelier [27] The Destruction of Roehampton Estate in the parish of St. James's in January 1832 the property of J. Baillie Esq. Lithograph, Adolphe Duperly, Jamaica 1833. Roehampton [28] "Rose Hall" by James Hakewill, 1820–21. [23] Rose Hall [29] Running Gut [25] [30] Spring Vale Pen [31]