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"It got repossessed".
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"Their car got repossessed.
It is not just bricks and mortar when you get repossessed; it can destroy whole families".
If the car gets repossessed, it will end up costing you even more money.
If your house was slowly falling down, in serious danger of catching fire or getting repossessed you'd know something was wrong and needed changing.
Rising unemployment and increased pressure on household budgets will lead to more borrowers falling behind on their mortgages and getting repossessed in 2012, mortgage lenders have forecast.
The reason for this is that if you don't make your payments on a conventional car loan, your car gets repossessed.
"I'd see a lot of people basically getting things repossessed, and a lot of people with credit problems," Mr. Smith said.
They face having to sell their home or have it repossessed if funding is not available.
I'm underwater on the car (by about $7,000) and am feeling like the only option is to have it "voluntarily" repossessed.
It could have been worse: Spanish banks have repossessed huge amounts of land that had not yet been built on, and residential-mortgage standards are rather conservative.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com