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.
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Snooze2702 [28]
removed How do you show possession from Repossession 53 minutes ago
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added When your bank stops payment on wrong check to Repossession 26 May 2012 20:57
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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
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MAGIC818== "Unlike the debtor who lacks the money sought, the possessor of secured property still has control of the property. Any...
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Check with the dealer where you bought it. Some local dealers in my area will take it back before 30days.
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Brandon, yes, the lender can refuse payment. That usually means you have waited toooo long to get any help from the lender. As...
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To put it simply, Yes.
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AnswerSteve, legal as in cops, NO. Legal as in getting a judgment and possibly garnishment of your wages, YES. You will have to...
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Joe, lets say you owe me $1000.00. I have a legal contract stating that you owe me 1K. That contract can be sold to anyone who...
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You can send them a letter demanding anything you want. Just don't expect them to pay any attention to it. In SOME states you...
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In most cases, YES
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Curt,these links should get you on your way. However, you will need some CLIENTS first. North Dakota TITLE STATE:...
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ONLY in 9 states. CORRECTION..8 1/2 states... depends on the value of the car in MO. I do not mean to DIP into someone...
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AnswerMichelle, a repo is a repo is a repo to a credit score. It says you couldn't meet your obligations and the lender had to...
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Leasing companies, manufacturers, just search on the above or "heavy equipment leasing" in your browser. You might try advertising
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IF there is a perfected security interest for a loan that your car is collateral for, YES it can be repoed, in FLORIDA or...
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CIVIL law YES, criminal no.
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For all practical purposes, YES.
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"Is it a crime not to allow the car to be repossed? YES, its called "Hindering a Secured Creditor". What happens if the bank...
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They can only LEGALLY repo your car IF you are in DEFAULT of the contract. That could be no payments, no insurance, using the car...
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YES the lender can garnishee the co-signor (NOT co-signors spouse) as well as the signor. Just as the lender CANT garnishee your...
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South Dakota TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by debtor. LICENSE REGISTRATION: South Dakota Motor...
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What state are you in??? Laws VARY by state.
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READ your contract. When you are in DEFAULT, they can repo. Legally only one day, but most lenders will work with you if...
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From what I remember. Pretty much any 92-00 Honda civic... Could be more extensive than that. But I can stand behind that much.
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AnswerIn my experience, a lease and a loan repossession are the same - I had a voluntary repo where I brought the car back to...
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AnswerYou will probably never know the truth. looks like you "assumed" the notes from the owner and NOT the lender. Chances are...
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AnswerCall DCA�s Consumer Information Center toll-free at 1-800-952-5210.In the Sacramento area call (916)...
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I am STUMPED. LOL If anyone has an answer, please email me with the answer. I have debated the possible meanings, its not...
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CA has strong laws relating to repossession. I suggest you call the DMV # below OR go to the  Call DCA’s Consumer...
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YES, read the contract you signed. How much you owe is partly due to how little you paid down and how much older the car is now.
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Yes or the middle of the day or while you are in the store. CONTACT your lender and try to make some type of arrangements to pay....
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Call and have them pick it up. it's called a voluntary repo. Just tell them you are unable to pay and they will come.
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About an hour. Just long enough to fax 3 pages. They do it every day so they wont have to find out how to go about it. Get your...
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AnswerYou can be one minute past midnight late and your car can be repossessed.A Bank does not have to give any breaks to anyone...
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You dont HAVE to pay anything. You may not get credit in the future because you dont pay. It will be on your CR usually for 7...
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finance company wants me to pay $7500 for deficency balance!!! Of course, they want all the money now.And they can legally...
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Self help repos allowed without breach of peace. Sec( of the TN UCC. MERRY CHRISTMAS
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California statues are organized into broad titles (i.e. Penal Coce, Civil Code, etc.). Finding the applicable law on...
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click here www.state.ar.us state website
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Gina, if the repoman picks it up. its a REPO. Ya cant hide the car in a repair shop.
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NO ,NO, NO, NO, NO, NO,NO ,NO, NO, NO, NO, NO,NO ,NO, NO, NO, NO, NO, NO ,NO, NO, NO, NO, NO HAVE HIS ASSETTS ARRESTED IF HE...
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YES, if they want to settle it. Make them a CASH offer.
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Might want to check your local laws about them being able to hold you in custody until the car is produced. This is a civil...
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Contact a local attorney for specific rights in your state. Call a lawn and garden specialist. ....and pay your car...
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NOPE, only the state can garnish for CS or taxes. Some collector is trying to smoke you into paying or dont know the laws in SC.
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If filed in a timely manner. But have you considered the LASTING effects of filing? Good Luck
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AnswerBeen 4 years then they came and got our Personal Water Craft, after they said they didn't want it and it could stays ours....
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AnswerAbout the same as any repo. The impact is that you couldn't complete the agreement for whatever reason. AnswerSame...
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Oklahoma TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by debtor. LICENSE REGISTRATION: Oklahoma Motor Vehicle...
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two different issues. Paying the notes (DEFAULT) does not concern warranty issues. Contract does not say that you dont pay if it...
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http://www.omeda.org/fastfacts/1750.htm http://www.sconet.state.oh.us/ROD/documents/default.asp Do like an attorney will...
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No payments?? NO Hiding the car AND not paying?? Possible but NOT likely. NO, it is a CIVIL matter, not a CRIMINAL offense.
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See the links below.
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Answerthey can either repo the car, and you won't get into trouble, or they could find you and the car and there is a chance that...
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Not unless they qualify to take over the loan with the bank. The bank OWNS the car.
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No, right of rescission applies to unsolicited sales. You visit a car dealership of your on accord thus this is considered...
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Guess what? Your boss didn't tell ME not to repo on his lot. It doesn't cover every repoman who may come to get your car. Now if...
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AnswerPatrick, the B/K proces hasn't started until you get the magic "case #". be sure to tell your B/K attorney about the car...
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Blaster, they are required by law to HOLD your personal property for at least 30 days, 60 days in some states. State laws vary so...
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IF you were in default, got repoed, the repo agency sent you the required cert. letters, the lender sent the required cert....
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Missouri TITLE STATE: 1975 and subsequent years. SECURITY INTERESTS: Shown on title held by lien holder. LICENSE...
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Chris, http://www.dca.ca.gov/bsis/bsisrepo.htm Repossession Agency Employee Employees hired by a repossession agency to...
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HECK NO, if he could have had you arrested, he would have and taken your car. He would not have worried about you signing any...
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consequences?? you still have to pay the balance due after the lender sells it at auction. NOT good. options??? Better idea....
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contact your local townhall or government who will give you detailed information on how you obtain this license. You might...
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If you legally own the vehicle and have a bill of sale you can apply for a duplicate title at the state DMV. You must have all...
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Query "Commonwealth RV" they have quite a few or you can try crankyape.com
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IF you plan on getting it back, dont drop it. If you're NOT getting it back, drop ASAP. The lender has coverage. Good...
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David, thanks for including your state. Are you inquiring about repo insurance and bond? If so, the amount depends on what the...
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I know of NO state where you have to be served BEFORE anything is REPORTED stolen. You always find out after the fact. Good Luck
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Melissa, what does your contract say?? It also depends on what state you are in. Usually, YES, you do have to pay.
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YES
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YES, unless you are in a state that doesnt allow garnishment.
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Michigan TITLE STATE: 1975 and subsequent years. SECURITY INTERESTS: Shown on title held by debtor. LICENSE REGISTRATION:...
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IF the title you have shows YOU as owner, then you are merely getting YOUR car out of impound. No repo involved, you loaned the...
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http://myfloridalegal.com/pages.nsf/0/9707bb48d49ce38985256cc9004e3ee5?OpenDocument you can start here
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Bad things, among which is ruined credit for 7 years, payment of the balance left on the note after the bank sells your car. Not...
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when there is a garnishee on wages, it has to go through a court that way you will be notified by the company and the court.
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The Plates are not 'your' plates, they belong to the STATE that you have registered your car with. If the STATE wants their...
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AnswerJames, don't know what state you are in But unless your state prohibits it, YES. The lien will "attach" to the property and...
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I have done some research on repo laws they do vary per state. However, there are a few things they cannot do. One is move a...
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YES, its the same. You agreed to pay XX numbers of dollars over XX number of months. You didnt do that so you own the balance due.
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what does WHO do after the lessee "hides" the car?? Me?? IF I'm looking for the "hidden" car, I ask the lessee where they hid...
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Same as anyone who doesnt make the payments, it gets repoed. You cant drive for free. NO special treatment for you. I'm...
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Call some of these companies. Be prepared to start out at the BOTTOM. Good Luck International Recovery Systems, Inc -...
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The driveway is the preferred location for taking repos. They can take it from anywhere that it can be recovered without...
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Until the lender reduces his claim to a CIVIL action (judgement) they are free to repo. After getting a judgement, they are more...
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No crazier than owing that much on a car that old. IF you do the 1k in repairs, will it last until you get it paid off? What is...
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Only in 9 states.. read your contract, it should be noted there.
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check this link, go to Section...
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Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a...
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No, but it helps. Many people pay their bills instead of buying groceries, but they can't sustain that for long. The test for...
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Ron, the SAFEST thing to do is contact a local repo company. Explain what you know and see how much its worth to them to know...
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Brand, You COULDNT trade so you bought 2 more vehicles?? Is that correct?? IF so, you BEST move would be to sell the upside down...
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AnswerRobert, read the contract where it mentions DEFAULT. Default is not JUST making payments on time. It usually covers having...
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If the car is gone, the car is gone. The car would only be covered in BK if you still had it. If you file Chapter 13...
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YES, they can refuse. Its their money and they can demand it any way way they want to. However, they only get it like YOU give it...
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AnswerVanessa, if the repoman can gain access to the property without commiting a beach of peace, YES. Maybe another employee...
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Luis, I know 2 people who have recently moved from the right coast to AZ to open up, so there must be some market there. Do you...
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I have NEVER used any of them. That said, I will say that most info 'brokers" of this type are selling something you can get...
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let me make sure i understand the deal. "A" borrows money.... never mind. The LEINHOLDER who repos the car will sell it and deal...
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