Repossession - Wikipedia
https://en.wikipedia.org/wiki/Repossession
OverviewGeneralUnited StatesUnited KingdomGermanySee alsoExternal linksRepossession, colloquially repo, is a "self-help" type of action, mainly in the United States, in which the party having right of ownership of the property in question takes the property 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. The extent to which repossession is authorized, and how it may be executed, greatly varies in di…
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