re·pos·sess /ˌrē-pə-'zes/ vt: to regain possession of; esp: to take possession of again by judicial process or self-help upon default of the payment of installments due compare foreclose, seize 2
re·pos·ses·sor /-'ze-sər/ n
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.