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2. Repossession - Wikipedia

   en.wikipedia.org/wiki/Repossession

   Repossession. 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.

3. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1][2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...

4. Foreclosure Relief: Good for Banks, Lousy for Borrowers - AOL

   www.aol.com/news/2010-08-27-foreclosure-relief...

   The markets hardest hit by the foreclosure crisis are already stuck with an enormous and growing inventory of repossessed houses, now estimated by Lender Processing Services, which tracks ...

5. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   If a borrower is delinquent in making timely mortgage payments to the loan servicer (a bank or other financial firm), the lender may take possession of the property, in a process called foreclosure. The value of American subprime mortgages was estimated at $1.3 (~$1.84 trillion in 2023) trillion as of March 2007, [ 109 ] with over 7.5 million ...

6. Foreclosed Homes for Under $50,000 - AOL

   www.aol.com/news/2008-01-28-foreclosed-homes-for...

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7. Bill McMachen of Michigan Buys Hundreds of Foreclosed ... - AOL

   www.aol.com/news/2012-08-03-bill-mcmachen...

   Bill McMachen of Michigan Buys Hundreds of Foreclosed Properties, Dirt Cheap. Teke Wiggin. Updated July 14, 2016 at 9:36 PM. For around $4.7 million, you might be able to snag one gleaming, top-of ...