Repossession
Seizure of property bought on credit for which loan payments are not being received. Please note that when asking a car repossession question, it is often useful to include the state that you live in. This will enable people to give you better answers.
Total questions 45700
Follow
Snooze2702 [28]
removed How do you show possession from Repossession 52 minutes ago
ID1252198733
added When your bank stops payment on wrong check to Repossession 26 May 2012 20:57
Peterc14 (supervisor) [1210]
added What do you do when a judgment is served on you to Repossession 26 May 2012 20:53
Kluss (supervisor) [692]
removed Who owns the mobile home you rent from Repossession 26 May 2012 14:21
Answers
Repo Revenge
Charity1229
Simplemary
Aggie80
Alexdez15
Edits
Keats
Gary boelens
Mannydlr
Theprismgroup
Jponbac
Organization
Samdodson
Keats
Darksyde
-SiLvEr-
Snooze2702
Questions
Stevehehir
Jacob Aand Sophie Moran
Thread7
Shallvailes
Jgibson12
Community
MAGIC818The repossession field can be very rewarding and extremely lucrative once a clientele has been established. But there are some...
Popularity: 90 • Tools: Recategorize
The short answer is NO. All Social Security benefits and most private pensions are exempt from creditor judgments. SS, SSi,...
Popularity: 90 • Tools: Recategorize
The repo man is responsible since the animals are in his possession. The vehicle should not be taken with the animal still...
Popularity: 88 • Tools: Recategorize
Quentyn, these questions are best asked of your B/K attorney. S/he will give you the legal advice you are PAYING for. Good...
Popularity: 87 • Tools: Recategorize
The person who wrote below did a good job in citing the property code but obviously doesn't know how the courts have answered the...
Popularity: 87 • Tools: Recategorize
No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be...
Popularity: 87 • Tools: Recategorize
you might have a bad speed sensor or a bad front wheel bearing causing the light to go on TRy replacing the sending unit they go...
Popularity: 85 • Tools: Recategorize
The same thing happens as if you lived across the street from the lender. They notify you by mail what is going to...
Popularity: 85 • Tools: Recategorize
Spotters are guys who drive cars nd find the cars and either get the keys or call the tow truck, they make between $30-$100 each...
Popularity: 85 • Tools: Recategorize
It's the vehicle license number so a police officer can track it to see who owns it and if another officer has stopped the...
Popularity: 85 • Tools: Recategorize
A repossession on your credit is NOT GOOD. Avoid it if there's anyway possible. You say the car is SOLELY in your name?? GO GET...
Popularity: 84 • Tools: Recategorize
Paula, you cant get the late payments off the record unless you can make a deal with the lender. First thing to do is pay it...
Popularity: 83 • Tools: Recategorize
You would have to make the arrangements with the LENDER so the buyer could get the TITLE. Likely you would need the balance to...
Popularity: 83 • Tools: Recategorize
YES! When you finance a car loan, you are NOT buying a car. You are BORROWING MONEY "secured" by an automobile. If...
Popularity: 83 • Tools: Recategorize
sorry to say that ilinoisl has no repo tranning at this time makeing it hard for people like us wanting to get into the buisness...
Popularity: 83 • Tools: Recategorize
When a car is repossessed it usually means the owner is no longer able to make the payments. It is repossessed by the dealer or...
Popularity: 83 • Tools: Recategorize
state.al.us Affirmed. The repossessor was acting as the lenders' agent; it was not seizing the vehicles for its own benefit, so...
Popularity: 82 • Tools: Recategorize
Paul, as long as there is a lien on the car, it CAN be repossessed. It is up to the lender whether they want to repo or not. Some...
Popularity: 82 • Tools: Recategorize
YES, on a CR, a repo is a repo.
Popularity: 82 • Tools: Recategorize
20-30 minutes. Long enough to bring the batt back up to charge so it can turn the starter once you stop. After a boost, your best...
Popularity: 82 • Tools: Recategorize
The repo agent determines it. Same as you determine how much you get paid. the more you want to make , the better you are at your...
Popularity: 81 • Tools: Recategorize
It has the same effect on the credit.
Popularity: 81 • Tools: Recategorize
NOT TRUE, the leinholder can repo when you are ONE day in default. Naturally, they want the money and will give you every...
Popularity: 81 • Tools: Recategorize
No. But they can ask to be excluded from the bankruptcy. Usually a deal can be made with the lender to keep a vehicle. If it is...
Popularity: 80 • Tools: Recategorize
As soon as a lease expires on a vehicle that you have in your possession or you default on one of your car payments, the owner...
Popularity: 80 • Tools: Recategorize
ONLY if you let them do it. Call a local attorney now.
Popularity: 79 • Tools: Recategorize
yes, as this would make it easier to obtain a judgment and/or wage garnishment for whatever is owed.
Popularity: 79 • Tools: Recategorize
Most of the time: Debtor(s) name, social, last known place of residence, last known place of employment, the legal owner's name...
Popularity: 78 • Tools: Recategorize
A carriage with a hooded roof which folds into two sections is found on a landau. However, this is not necessarily a small...
Popularity: 78 • Tools: Recategorize
NO. It can be sold any way the bank wants it to be sold
Popularity: 77 • Tools: Recategorize
Anon, It depends on how much you put as down payment and how HIGH an interest rate you are willing to pay. There are SUB PRIME...
Popularity: 77 • Tools: Recategorize
AnswerYour stepson made a decision (maybe not an informed one)and now he has to pay the results of it. Results??? The lender will...
Popularity: 77 • Tools: Recategorize
Read your contract. It will tell you what default is. "Default" in leasing is when a Lessee fails to satisfy the conditions of...
Popularity: 77 • Tools: Recategorize
Only if the dealer reports it to the credit bureaus.
Popularity: 77 • Tools: Recategorize
no, but you better keep it in there. Let me revise that, check your contract and make sure it says nothing about giving up...
Popularity: 77 • Tools: Recategorize
AnswerUsually the SOL is 7-10 yrs. depending on your state. Its loooonger than you want to put up with the calls and letters....
Popularity: 76 • Tools: Recategorize
NOT unless hes crazy OR one of you has the TITLE in his/her name. This would be a sticky place to be in. Better dot the Is and...
Popularity: 76 • Tools: Recategorize
Erin, congratulations on NOT wanting to get involved in a repo. Sell it to a lender?? PORBABLY NOT. Lenders want money NOT cars....
Popularity: 76 • Tools: Recategorize
Danny, it depends on your state and your contract and your repoman. Many variables. Email me with specifics if you care to....
Popularity: 76 • Tools: Recategorize
Many state laws state you can be charged criminally for Hindering Secured Creditors. For instance Google TX Penal Code 32.33 or...
Popularity: 76 • Tools: Recategorize
YES, unless you are repoing YOUR OWN cars(note lot,ect). http://licgweb.doacs.state.fl.us/recovery/index.html this will explain...
Popularity: 76 • Tools: Recategorize
AnswerIF you are in DEFAULT, the lender can repo meaning "1". If being 2 wks late puts you in default of your contract, then you...
Popularity: 75 • Tools: Recategorize
The only way is if you signed an agreement to be responsible for the card. The card agreement was first signed by an officer of...
Popularity: 75 • Tools: Recategorize
Money, Knowledge of the laws,proper state permits and ENERGY. Good Luck
Popularity: 75 • Tools: Recategorize
NO! The TV show Operation Repo and all other Repo shows are fake. They have online postings for "characters" and pay a per day...
Popularity: 75 • Tools: Recategorize
carolene, normally, banks dont turn accts ovet to CA unless the payments are NOT being made. Have you bothered to call the bank...
Popularity: 74 • Tools: Recategorize
Nan, why not ask your B/K attorney?? S/he is more familiar with your case than anyone else. The fact that you "thought" you...
Popularity: 74 • Tools: Recategorize
Your options are to be sued for judgement, or file Bankruptcy or PAY. Fairly simple plan.
Popularity: 74 • Tools: Recategorize
This is a good question to ask your B/K attorney for state specific and case specific advice. Not at all,once fou file for...
Popularity: 74 • Tools: Recategorize
I am sure there are. Contact the California State Banking Department, they should be able to give you the exact info. you need.
Popularity: 74 • Tools: Recategorize
Title loan companies are notoriously low in patience. Title Max is one of the least patient. The Title Max paper I ran in the...
Popularity: 74 • Tools: Recategorize
If You're Behind On Your Car Payment, Facing Auto Repossession "Repo", Trying To Sell Your Car, No Title... CAR DEBT SOLUTIONS...
Popularity: 73 • Tools: Recategorize
You will have to meet the qualifications set by the state. Check the link...
Popularity: 73 • Tools: Recategorize
Its more difficult to KEEP it (put up with/cope with the stress and working hrs) than it is to get it.
Popularity: 73 • Tools: Recategorize
Every State has differ papers. Louisiana has vol. surrneder (V/S repossession) and the new 2005 (year) self-help (S/H...
Popularity: 73 • Tools: Recategorize
You either pay or dont pay or file B/K also. If a co-borrower has debt discharged through bankruptcy, the other signatory is...
Popularity: 73 • Tools: Recategorize
AnswerNo. Once you sign the papers, you are the owner. You're not the owner until you make the last payment. You were just the...
Popularity: 73 • Tools: Recategorize
It is a form showing that the lender on the property has a lien against the property until it is paid in full. The form is for...
Popularity: 73 • Tools: Recategorize
aarons can repo as soon as you have missed your first payment as long as u give up the product if u dont nothing really they can...
Popularity: 73 • Tools: Recategorize
YES you can. Just notify the lender where you dropped it off. No need to let it sit at a dealership for 2-3 months doing nothing...
Popularity: 72 • Tools: Recategorize
The same way a loan company does, HIRE a REAL repo agency to do the job.
Popularity: 72 • Tools: Recategorize
AnswerChristine, while you didnt have coverage , you were in default of the contract. Then they could repo the car. Until the...
Popularity: 72 • Tools: Recategorize
Yes, You are still considered a signer of the note. You will have to pay repo costs and any other charges that may have occurred,...
Popularity: 72 • Tools: Recategorize
AnswerI think the B/K is the lessor of the 2 evils. from what I've read, its better(if there is such a thing) to wait until the...
Popularity: 71 • Tools: Recategorize
Popularity: 71 • Tools: Recategorize • Needs Answer
NO, usually tote-the-note lots will be the ones doing that.
Popularity: 71 • Tools: Recategorize
As long as the 450.00 is in DEFAULT, it can be repoed.
Popularity: 71 • Tools: Recategorize
What are you trying to ask? After your car has been repossessed, you can't sell it - the lender will. You will get nothing,...
Popularity: 71 • Tools: Recategorize
Maryland TITLE STATE: Yes SECURITY INTERESTS: Title held by debtor. Notice of security interest filing held by lien...
Popularity: 71 • Tools: Recategorize
Maybe sounds like theft but they did bring it back, did they harm your vehicle or put you in a compromising position if not give...
Popularity: 71 • Tools: Recategorize
yes it can.
Popularity: 71 • Tools: Recategorize
Confiscation is the taking of private property for public use without compensation.See below link:
Popularity: 71 • Tools: Recategorize
AnswerThe truck was sold by the bank at auction, they then sent us a bill for $5,600.00!!!! This was the balnce of the loan...
Popularity: 70 • Tools: Recategorize
Ms.Darlene, to the best of my limited knowledge of Ca. Code B&P 7500, it mentions nothing about disabled rights in a repo. If you...
Popularity: 70 • Tools: Recategorize
It is not required. However, if you do discover where the vehicle is to be sold, provided it is close enough for you to travel,...
Popularity: 70 • Tools: Recategorize
AnswerMe, I started to ask you how you managed to buy a car, but that's not relative now. I would think it will be extremely hard...
Popularity: 70 • Tools: Recategorize
Looks Ok to repo in OK but call the MVD if you have any questions or stop by your local tote-the-note lot and ask them how they...
Popularity: 70 • Tools: Recategorize
You probably can find our by calling the highway patrol and giving them the Serial or Identification number and...
Popularity: 70 • Tools: Recategorize
Answeri just recently started a repossession business in Missouri and it is tough. i am 21 years old and trying to get people to...
Popularity: 70 • Tools: Recategorize
NO, the truck probably has been sold already and the lender got a repossessed title to sell it with. Of course they do make...
Popularity: 69 • Tools: Recategorize
AnswerYes a private person can have a car repo'd but if the car was stolen like you stated then you must report this to your...
Popularity: 69 • Tools: Recategorize
Answerbarb, you will need to prove that the repoman pulled your car in park. Why??? Because he could have unlocked the door,...
Popularity: 69 • Tools: Recategorize
Mike, that depends on how great your credit is. A repo on your record is NOT going to help. Any interest rate you get will be...
Popularity: 69 • Tools: Recategorize
NOT unless the payments are delinquent and the cosingnor has POSSESSION of the boat. Call the Lender and work it out.
Popularity: 69 • Tools: Recategorize
Hector, Ive never heard of a bank that specializes in that type of loan. That doesnt mean they are not out there. Usually you go...
Popularity: 69 • Tools: Recategorize
That depends. If this is a car that you've had for a substantial amount of time, and if the dealer has already "cashed" the...
Popularity: 69 • Tools: Recategorize
The #1 best way to stop a repo is to PAY YOUR NOTES or make arrangements with the LENDER. The lenders starts the repo, they stop...
Popularity: 69 • Tools: Recategorize
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...
Popularity: 69 • Tools: Recategorize
YES, because repossession is NOT trespassing. Read your contract. You most likely gave the lender authority to repo the car at...
Popularity: 69 • Tools: Recategorize
Usual reply, "i called all the cos. and they want "EXPERIENCED" help. How do I get started?" Jenna, would it impress you if a...
Popularity: 69 • Tools: Recategorize
NONE OF THE ABOVE. Call an attorney ASAP.
Popularity: 69 • Tools: Recategorize
You cant LEGALLY open locked gates,doors,ect. in any state. Can you prove they did it? Any other way they copuld have gotten in?...
Popularity: 69 • Tools: Recategorize
go to the court house where you get a business license and look over the ones granted a license. this info is open to the public....
Popularity: 69 • Tools: Recategorize
Not necessarily, although you do need the appropriate class licence to actually operate it. You can operate anything up to 26,000...
Popularity: 69 • Tools: Recategorize
You need to give the car to the lender - if they are too far away then you need to call them and tell them where it is and ask...
Popularity: 68 • Tools: Recategorize
In most states NO. Time limit?? key word 'REASONABLE" If you think the lender took to long or is trying to be shady, call a local...
Popularity: 68 • Tools: Recategorize
