Exactly what the thread title indicates. They are stealing. Just because they're getting away with it, doesn't mean it's not thievery.
Just because you call it theft doesn't make it so. Until the bank/court rules that it is not the individual's property anymore, which is what repossession is, they're only in possession of their own property.
Theft is a legal term, not something people get arrested for because you think it's not fair.
__________________
From the SigmaTo the K!
Polyamorous, Pansexual and Proud of it! It Gets Better
Threaded Mode
