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Verse 17

"But in Mount Zion there shall be those that escape, and it shall be holy; and the house of Jacob shall possess their possessions."

Thompson has a beautiful comment on this, showing that the Book of Revelation develops some of the thought here, as follows:

"According to Obadiah, Mount Zion shall be `holy' (Obadiah 1:1:17) reserved for those who have escaped condemnation in the judgment; the new Jerusalem of Revelation is a morally holy city for those whose names are found in the Book of Life and who are victorious over sin (Revelation 21:7,27). Obadiah's closing words, `The kingdom shall be the Lord's,' are given a higher meaning in the triumphal chorus: `The kingdom of the world has become the kingdom of our Lord and of his Christ' (Revelation 11:15)."[21]

"The house of Jacob shall possess their possessions ..." The house of Jacob in the technical sense would be the twelve tribes of Israel which were descendant from him', but the meaning here has no connection with the literal fleshly posterity of Jacob. What is meant is "The twelve tribes which are scattered abroad," (James 1:1), the true Israel of God which is the church of Jesus Christ.

"Possess their possessions ..." is a reference to the rich and abundant mercies and blessings lavished upon God's people of the New Covenant. There is no hint whatever in this passage of any return of literal Jews to "their land" in Palestine.

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