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Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers. [1]
Because the right of redemption is an equitable right, foreclosure is an action in equity. To keep the right of redemption, the debtor may be able to petition the court for an injunction. If repossession is imminent, the debtor must seek a temporary restraining order. However, the debtor may have to post a bond in the amount of the debt.
Fuerteventura (Spanish: [ˌfweɾteβenˈtuɾa] ⓘ) is one of the Canary Islands, in the Atlantic Ocean, geographically part of Macaronesia, and politically part of Spain. It is located 97 km (60 mi) away from the coast of North Africa .
Caleta de Fuste (also known as El Castillo and Costa Caleta) is the largest community in the municipality of Antigua, Las Palmas, Spain, on the island of Fuerteventura in the Canary Islands. The area is frequented by a variety of tourists and has numerous hotels, shops, boutiques, bars, cafes and restaurants on or near the beaches. [ 1 ]
The last volcanic activity in Fuerteventura occurred between 4,000 and 5,000 years ago. The highest point in Fuerteventura is Pico de la Zarza (807 m) in the Southwestern part of the island. Geographical features include Istmo de la Pared, which is 5 km (3 mi) wide and is the narrowest part of Fuerteventura.
Puerto del Rosario (Spanish pronunciation: [ˈpweɾto ðel roˈsaɾjo]) is a town and a municipality in the eastern part of the island of Fuerteventura in the Las Palmas province in the Canary Islands. It has been the capital of Fuerteventura since 1860.
The Spanish property bubble is the collapsed overshooting part of a long-term price increase of Spanish real estate prices. This long-term price increase has happened ...
Antigua is a town and a municipality in the central part of the island of Fuerteventura in the Province of Las Palmas in the Canary Islands. It has a population of 11,629 (2013), [3] and an area of 250.56 km 2. [1] It is situated 17 km southwest of the capital of the island Puerto del Rosario.