Repossession

Email me if you dont mind. Thanks

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First of all, a lender does not report a vehicle as a repossession until they actually have possession of the vehicle. Then...

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This is best answered by a loacl attorney who knows all the details and can relate state specific laws to each.

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Contact your CO or JAG or other legal officer. Look into the Servicemember's Civil Relief Act...

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CALL the COURT. go to www.state."yourstateabreviation".us.com and look up the laws yourself. Good Luck

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Thats a good question to ask your B/K attorney for state specific advice.

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Keep a WORKING copy of the keys, get and VERIFY the debtors info.

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A vehicle is considered a secured debt. Therefore there is no SOL governing the repossession or collection of amount owed. The...

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AnswerCant go in a locked door in ANY state legally. They will just get the police to come open the door with a court order. Make...

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http://www.legis.state.ga.us/cgi-bin/gl_codes_detail.pl?code=10-1-36 10-1-36. (a) When any motor vehicle has been repossessed...

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Answerhttp://www.dca.ca.gov/bsis/collateral_law.htm  AnswerWell, I'll tell you what I know. The repossession company has to...

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If the primary borrower has defaulted on the vehicle loan, the co-signer will need to make regularly scheduled payments and any...

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yes, u can surrender a car back to the bank at any time, at this time it is up to the bank on weather it is worth picking up or...

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Self help allowed AFTER 20 day Right to cure letter.Debtor keeps plates. DMV website http://www.ncdot.org/DMV/

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The fees related to the repo and sale of the vehicle.You can dispute the fees.

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IT IS NOT ILEGAL FOR ANYONE TO HAVE A DEBT SHOW UP TWICE ON THEIR CREDIT REPORT. THE BEST THING TO DO IS CALL THE CREDITOR OR...

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After a repo the loan holder will sell the vehicle at auction and any amount you owe less the sale price is your responsibility. ...

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If you stop making payments, someone will come get the car. Simple. If you take it back to the lot, they will sell it again. And...

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Yes. (The issue of bankruptcy is not relevant therefore the question was edited to be more specific)

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No. There are other options available to the repo man. Most of the time they will just tow your car, no key needed. Other times...

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You would not usually "file" the mechanic's lien, which arises by law when you repair a vehicle. You can sue the vehicle owner...

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AnswerI see your point. Do you see the other side's point?? Unless someone has a pic and/or witnesses saying the tires were on...

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gary, you will have to consult with a local attorney on WI law. I do hope you are listed as the LEINHOLDER on the...

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7-10 years and damage is bad. You will have to pay HIGHER interest on loans and BIGGER down payments.

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AnswerYES, limited they may be BUT you DO have rights. First, you should get any personal property back that was in the car at...

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IF the car was repaired after the accidents, probably not. If NOT repaired , it will decrease the amount the car brings at...

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BAD news. They have already tried to let you make payments. This time they will want ALL of it.

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Looks like 2 choices here..they made a mistake and listed the wrong account OR they have more faith that they CAN and will repo...

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WHy would you want to file countersuit??? What would you sue for? You cant sue until they sell the car for an unreasonable low...

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call a local attorney for a free consultation

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To my knowledge, any leinholder can file a writ of replevin IF they show that the debtor is in DEFAULT of a contract with...

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likely NOT. TFC uses a wholesale auction and you wont get in. If you want to redeem your vehicle just pay it off.

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Most repossession laws are vertually identical, except for small variations, the law in the U.K. is, if you have not got in...

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There are several laws that MIGHT apply. You should contact a LOCAL attorney for a consultation(usually free) on what...

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http://legis.state.va.us/Laws/CodeofVa.htm § 18.2-115. Fraudulent conversion or removal of property subject to lien or...

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AnswerIf you mean for the same judgment, YES. Two judgments for the same defaulted loan, NO.

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After sending you a "20 day right to cure" notice they can.

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IF they damaged your lawn, they will have to repair the damage. Fix the car if they broke it. beyond that, your attorney will...

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I think it varies on how long and who the finance company is but the last time I made a payment on my truck was November of 2007...

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YES, that is one of the very few laws in CA. that makes sense. Call DCA’s Consumer Information Center toll-free at...

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AnswerNo more than they asked on the application when they loaned you the money. Name, current address, current pH #. SSN, ect....

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Repossession is what is commonly thought of as a "REPO". A self-help repo is permitted by most states. "Writ of Replevin" is the...

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6-7 months is the "longest" normal Im use too. I dont know of a legal "limit". Call a wrecker to move it as a TOW-A-WAY. They...

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Answer3 or 4 options.1. Pay it off completely after it is sold and the lender tells you "PAY US NOW".2. tell Lender you are...

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NO, you cant do that in ANY state. It will get you sued quickly. Ohio Repo Laws

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Colorado TITLE STATE: Yes. SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: Colorado Motor...

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They will likely be by to pick it up soon. They are giving you every oportunity to catch up the payments(they REALLY dont want...

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Is there a place to find rules and regulations for repossessing vehicles in the state of Indiana? Popularity: 4 Question...

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Slow pay, repo, and it gets worse from there.

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As long as there is a contract with your car as collateral and the contract is in DEFAULT, the leinholder can repo(excluding B/K).

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YES, even in AZ.

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I know of NO recovery agent who has areect powers. It would be totally contradictory to the idea of "SELF-HELP" repos. I know a...

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AnswerFirst option is work strictly for CASH. Cant garnishee what they cant see. Oregon laws are here and here

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CALL the LENDER. Clear up the ins. dispute with them and go from there.

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IF your name is on the TITLE as buyer or cobuyer, you have the right to POSSESSION. Do you know where the car is? Do you have a...

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Stealing and Related Offenses Section 570.180 Defrauding secured creditors. 570.180. 1. A person commits the crime of...

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general rule ,YES. Some states require them to and regulate how much they charge.

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Sorry, NO. Might make it easier to find tho. You will get the sign back when you redeem your PP. Or redeem the car.

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One can find them in the phone book under Collateral Recovery or one can find them delivering repos to auto auction.

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Answerturning over the title is NOT the only way to record a lien on your car. IF the lender did it correctly, YES, it can be...

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YES it hurts for about 7 years.

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the BALANCE DUE at time of repo PLUS repo fees and fees to come later.

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YES, they are called FINANCE COMPANIES and charge HIGH interest rates. If the car is already repoed, your chances are NOT good.

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This is a 5 question answer rolled into one. They can repossess collateral as long as there is NO BREACH OF PEACE. 79.0609 UCC...

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AnswerUsually, your CR isn't great before you take an "upside down" loan. But, YES, it hurts your CR. A repo ia a repo is a repo...

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Repossessing is NOT trespassing until the agent has been told to NOT come on the property again. Then you treat them as you would...

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IF the loan is in DEFAULT that has the car as collateral AND the LENDER issues a repo order, YES, the repo man can take the car...

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You would have to know who the LENDER is on the loan. You will also need the VIN from the truck and/or the debtors name.

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AnswerYes, you are required to make the payments, before and after the car is repossessed, after the vehicle is auctioned you...

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Actually one, I have repossessed cars for BMW where there customer was three days late. it all depends on the states laws I have...

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AnswerWhat state are you in? What does your contract say? Has the lender got a judgment for the balance due?  AnswerWhy did...

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Same as any other repossession, CALL the LENDER. Work something out.

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No! You are stuck with owing the 18k and you don't even have the car. Letting the car be repoed was your fault. You should have...

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AnswerTo whom it may concern: if this form of compensation was used as a means to aquire this loan then its quite likely they...

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Answeryou do.  AnswerDepends what state you are in, but where I am, it is called "surplus" funds and they are owed to the...

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There isn't one.This is a civil matter between you and the lender.The lender can try and repo the car for as long as they...

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We live in the state of Ga, and had been late many times up to but no more than 15 days late on our vehicle. Repo man showed up...

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Not without a legal search warrant. ** Yes. They CAN come to your door and demand until their lungs turn blue. But you don't...

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AnswerSee the related link.

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Yep. That's the buy here/pay here way of doing business. Make loans to people who can't qualify for a bank loan and when you...

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If you weren't paying the bill and the courts awarded the vehicle to the lender, it's gone.

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Assuming it is about a car, they will take it away, you will lose your deposit and your credit will be ruined.

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YES.The bank or lender, who owns the vehicle ( You don't own it until ALL the payments have been made ) are within their rights...

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if a vehicle is unlawfully repossesed, you can get the vehicle back, and claim back all monies you have paid, and keep the...

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All SS, RRB, government, military and most private pensions are exempt from garnishment action for creditor debt. The debtor...

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If the sale price he gets for it doesn't wipe out the amount owed, yes, he can attempt to get the balance from you.

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I think with any auto finance company you must be 90 days to 120 days delinquent on your loan before they start considering...

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The person(s) whose name(s) appear on the title of the vehicle should remove the license plate(s) before the vehicle is impounded...

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AnswerJen, IF and only IF there is REASON to think they are up(you see them walking around thru a window, they are outside the...

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Well, common sense tells me that IF it was reported 'stolen", the cops would at least drive by and look.Certainly, charges filed...

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AnswerTell them you want a VERIFICATION of the debt. Use one of their prepaid envelopes to send them the demand. LOL There should...

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Call your state Attorney general for the real o'pinion. I would say even if you could they will charge them back to you....soooo...

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Randy, demand verification of the debt.

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You should contact the bank ASAP. You will have to convince them that you WILL pay every month. That may not be easy after they...

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That option is up to the LENDER. Call the lender ASAP for more info.

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http://www.loanofficersuccess.com/newsletter/10_9_03tips.htm Perhaps because, like Texas, these states severely restrict one...

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Chris, I dont know the answer to the question YET. I will find out today. Email me latyer on and Ill have it for you. What does...

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NO, but you can get it repaired. Do you have any proof that it was the repo that damaged it?

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It depends on what state you are in that you chose NOT to post. Not sure I understand reply. I co-signed loan with ex, whom...

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