What are your rights concerning personal property that was in the vehicle at the time of repossession?
Answer Vincent, you have every right to get your PP back. Call the lender and tell them you want it. PP is usually defined as whatever would fall out if you turn the… car upside down and shake it. Anything you attach to the car stays.
Not Legally, to do so would be called "CONVERSION". In some states, the repo company can charge you a FEE for inventory and stoarge of your PP, but they cannot keep it it you …pay the fee. i am in Florida and they said it will cost 200.00 to get my personal belongings,is there a cap?
Answer that is like pulling wisdom teeth. hard to do. is it worth it? you would have to get a court order which will cost alot of money. once thay repo a ca…r, they usually discard the items and you are found at fault .blah bla. but if you know where the car is, go their and ask if you can be escorted to vehicle to get belongings. if the stuff is still there. if you have insurance on vehicle that covers damage or stolen items, you may be able to file a claim. but if they have a clause about repos with items and they won't be held liable for lost or stolen things, you are screwed. i use to repo cars.
Answer In general, yes, provided that there is no "breach of the peace", which means that you cannot break into a locked garage or cause any damage to prope…rty.
Answer Either remove it before the repo man takes the car or go to the repo company and ask if they set it aside. Some repo companies put all the belongings in a bag an…d set it aside for the owner. can a repo company charge me for retrieving my personal property and property that belongs to someone else?
Answer . If it isn't locked up, yes. After the bank has finished the repo papers the car belongs to the bank.. Answer . Yes they can come on your property because you g…ave the lender permission\nin the loan agreement you signed.They cannot damage your property.
If you take your personal property before the vehicle is picked up, you can keep it. If you voluntarily turn in the vehicle you get to keep anything you want. If they ha…ve to hunt it down and tow it off, you're just out of luck. They'll throw away anything that was in it and if someone picks it up, it's theirs. This is not true.. The creditor must account for all personal belongings found in a repossessed car.. The below answer came from the following site... http://www.fair-debt-collection.com/searches/repossession.html "What happens to personal property left in my car? Personal property does not apply to improvements made to the car, such as a CD Player, stereo or luggage rack. It only applies to items not connected to the vehicle. The creditor or whoever repossessed the car CANNOT keep or sell any personal property found inside. If the creditor or whoever repossessed the car cannot account for personal property left in the vehicle, you may be entitled to compensation and should consult with an attorney"
Answer Yes You Are !!!!!!!!!!!!
It depends on the state in which you reside. Most of the time, if the personal property is permanently affixed to the vechile (stereos, tires, etc), you have no rightful… claim to them. Items that are loose in the vehicle such as cell phones, books, CDs, etc, have to be returned to you at no cost.
How long does the repossession company have to keep personal property from a repossessed vehicle in NC?
According to Florida law, the repo agent must inventory the entire vehicle. The inventory is to ensure that all items that were sold with the car. They have 5 days to cont…act the debtor, and tell them where they can pick up their personal items.
Yes. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease o…bligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment.
Whomever the lien holder has hired for that purpose. Providing you have defaulted on the payment terms of your contract.
A repo agency should follow it's state requirements. Most respected places will try to call or send a letter to a good number or address with this information.
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Contact the company that has supposedly repossessed the trailer to pick up what they have yet to repossess. Contact your local clerk of court or magistrate to find out how lon…g you should give them. If they exceed that period of time, file a storage lean. You will have to get more info on that from the clerk or magistrate as well. These laws are very general nationwide and very particular state and countywide.
Yes, as long as the repossessor does not commit a "breach of the peace" in doing so. In other words, they can't break into your garage and take it, but if it's just sitting on… your driveway or in a parking lot (even if that parking lot is technically "private property" in the sense that it's owned by someone other than the government), too bad for you.