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Repossession can be defined as reclaiming possession of: Property that has been sold under an installment contract from a purchaser in default. Real property that

Repossession can be defined as reclaiming possession of: Property that has been sold under an installment contract from a purchaser in default. Real property that has been sold to a purchaser with a nonrecourse loan. Real or personal property not sold under an installment contract from a purchaser. Personal property that has been sold to a purchaser with a recourse loan

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