A repo repossessed bank owned house home for sale in Florida in the USA

- Image ID: D635A1
A repo repossessed bank owned house home for sale in Florida in the USA
Cayman / Alamy Stock Photo
Image ID: D635A1
Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction. Repossession is a "self-help" type of action 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 is then sold on by either the financial institution or 3rd party sellers. The extent to which repossession is authorized, and how it may be executed, greatly varies in different jurisdictions (see below). A home is a place of residence or refuge. When it refers to a building, it is usually a place in which an individual or a family can live and store personal property. It is generally a place to provide safety and is used as a center from which people or animals base their daily activities. Most modern-day households contain sanitary facilities and a means of preparing food. Animals have their own homes as well, either living in the wild or shared with humans in a domesticated environment. Home might have a Sanskrit aham (self) or akam (self) in Tamil as its etymology. Home is also used to refer to the geographical area (whether it be a suburb, town, city or country) in which a person grew up or feels they belong, or it can refer to the native habitat of a wild animal. There are cultures in which homes are mobile such as nomadic peoples. Sometimes, as an alternative to the definition of home as a physical locale ("Home is where you hang your hat"), home may be perceived to have no physical location, instead, home may relate instead to a mental or emotional state of refuge or comfort. Popular sayings along these lines are "Home is where the heart is" or "You can never go home again".
Location: USA Florida