HomeSite MapCompareFinanceDebtCasino Adverse possessionThe mortgage definition for Adverse possession:The acquisition of title to property through possession without the owner's consent for a certain period of time. Similar MatchesPossessionPossessionWhen a buyer signs the papers and receives the keys to the house, they officially take possession. RepossessionRepossessionUsually occurs after a borrower seriously defaults on payments. The lender then legally evicts the borrower and usually auctions the property to recover losses. Click to compare definitions of Adverse possession Click to view definitions beginning ad |