What is terms of repossession?

Answer 1

just exactly what do you mean by terms is this present or past tense are we talking about conditions leading to repo. or are we discussing what it takes to get in this position ok here are a few ideas if we are talking obout what leads to a repo. that could be varied usually outlined in each individual contract.now if we are talking about how one goes about doing a repo that also varies depending on area and lending institution,and type of collection agency.It would help greatly if the question was more specific.I have never heard of anyone refer to terms I would have to believe that there suggestig to the process due to get in such a position and that is outlined in each individual contract and should be but most usually isn't made known to the debtor at the time of the commencement of the loan,its in the fine print the road/section least traveled/discussed by the salesman at the time the property is purchased.However it is a general rule that usually goes with out saying that if you miss one or more payments you breached the contract and defaulted on loan there for starting the due process that leads up to the repossession of said property I hope this is what the question was referring too.