Dave Hunt on Repentance

"Repentance is the sinner’s recognition of and acknowledgment of his lost estate" (Except Ye Repent, p. 11).

"So intimately are the two [faith and repentance] related that you cannot have one without the other. The man who believes God repents; the repentant soul puts his trust in the Lord when the Gospel is revealed to him. No man believes the Gospel and rests in it for his own salvation until he has judged himself as a needy sinner before God. And this is repentance" (Harry Ironside, Except Ye Repent, p. 16).

The “change of mind” of repentance is interwoven with an inward turning to God and desire to turn away from works (legalism) and to turn away from any kind of false gospel. It involves a general desire be delivered from sin, and a turning away from anything that keeps a person from placing faith alone in Christ (Rev. 9:20-21; 16:9). However, the idea that a person must in practice “turn away from sin” or “give up sin” and seek reformation, or make promises to God prior to salvation, is certainly not Biblical repentance. How many sins must they turn away from and for how long? What if they forgot to turn away from a sin which they did not know was a sin? Were they then saved? This is the dilemma of Lordship Salvation. Again, there is a vast difference between the root of repentance which takes place in the heart (an inward turning) and the fruit of repentance which comes after salvation (Matt. 3:8; 21:29).

"Repentance is just the sick man’s acknowledgment of his illness. It is simply the sinner recognizing his guilt and confessing his need of deliverance....(repentance) is judging oneself in the presence of God; turning right about-face, turning to God with a sincere, earnest desire to be completely delivered from sin. And when a man takes that attitude toward God and puts his faith in the Lord Jesus Christ, he finds salvation" (Luke, pp. 253-254).

http://www.middletownbiblechurch.org/salvatio/termsrep.htm