Repossession is a legal process that occurs when a lender obtains a court order to take possession of a property due to non payment of the mortgage. Initially a letter would be send to the borrower reminding him that he has missed certain mortgage payments. Borrower should contact his mortgage lender to discuss the situation and a possible solution to clear arrears. If borrower does not make mortgage payment within a time frame after receiving the letter, then lender can apply to the court for a possession order to take over the property. If the possession order is granted, it will normally be accompanied by a legal eviction of all occupants. Borrower will be evicted if lender has followed the correct procedure and has legal grounds. Borrower's credit rating would be affected as he will not be able to buy a house again.