Repossess /(rē̇`pŏz*zĕs" [or] rē̇`pŏs*sĕs")/

Re·pos·sess

Repossess

v. t.
  1. To possess again; as, to repossess the land.
  2. To take possession of, for failure of the possessor to make payments owed for purchase of; -- used of real estate subject to mortgage payments and of other objects purchased on a time-payment plan, which may be taken back (repossessed) by the original vendor if the payments are not made on time.

Phrases & Compounds
To repossess one's self of
to acquire again (something lost).