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
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
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MAGIC818You get it back after meeting the terms of the contract. the LENDER will tell you how much it costs to get it back.
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YES.
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It can be very dangerous because you don't know what state of mind the individual(s) who's cars you're ordered to take back when...
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warranties have nothing to do witha repo. YES is your answer
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Nancy, you can buy one as soon as you find someone to finance you. You will probably pay a higher interest rate and need a bigger...
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Paying the car off was good but having to repo it to get it paid off was BAD or negative. the lender did report that it was...
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Yes it can and will effect your credit
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It stays on your credit report 7 years from the date of settlement not the date of repossession.
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If you did not give him the title, all you need to do is go get the car (hope you kept the spare key). If you did sign the title...
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Usually you will get a sale letter from the finance company or bank letting you know where the car will be sold, at what auction,...
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Yes. That means in the event you try and sell your home, any monies received from the home their portion is given to them first....
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IN ANY STATE YOU MAY GET YOU THINGS AT THE TIME OF THE REPO OR YOU CAN GO TO THE YARD AND HAVE SOME ONE HELP YOU.
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No, but if the bank writes off any portion of the loan as a cancelled debt and reports it you on Form 1099-C, then you must...
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Answercheck the SOL in your state. Usually 7-10 yrs. but the judgments get renewed so it goes on and on like an Energizer bunny...
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YES, the contract is what they sue for unless the car is listed as COLLATERAL for the loan. Then they repo the car and sue ya.
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ONLY if your name is on the TITLE as co-owner or leinholder can you "repo" the car.
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The preferred way is to take the car without contact with anyone. When that doesnt happen, we have to make contact. FDCPA exempts...
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AnswerDepends on your state laws. Check with a local attorney. I would think the worst they could do is attach the assets so that...
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Call some of these folks.... - Albertville (Minneapolis/St. Paul), MN Phone: 888-USA-REPO Fax: 888-FAX-REPO Voice (888)...
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Look in the phone book under "collateral recovery","repossessions","towing & recovery", ect.
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NOT unless it was stolen. Stolen cars are reported stolen. Cars securing a loan in DEFAULT are reported as DELINQUENT to the...
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You will be responsible for the whole debt since you are the only one capable of paying the debt after your wife's bankruptcy.
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Essentially, pay the loan by the agreed upon terms, or the loan company may come and serve you eviction notice and take the home...
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Yes. Generally, under the law, a person cannot benefit from the murder of another person, especially by inheritance or the...
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The plaintiff will receive a damage award plus court costs. The plaintiff can request a judgment lien and they can direct the...
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Danielle, VERY POSSIBLE. it is also possible that someone didnt get notified. Once GMAC assigns a repo, it will be on the hit...
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Debbie, I'm sorry that you lost your brother. Your parents are responsible for the balance due on the bike UNLESS there was life...
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It helps your pocket but NOT your CR. The repo is still there unless you negotiate with the lender to remove it also.
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You are asking three questions in one, let me give you the answers to the best of my knowledge. 1. Can the lender "legally" repo...
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The consumer has the "right" to pay the debt he contracted.
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Scott, CALL the lender ASAP. lender is ultimately responsible(legally) for returning personal property. Repo cos. are just their...
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Is there a TITLE to the car? If not, RUN the other way. Ask a policeman to run the VIN.
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It would depend on why they are sueing you and also what the disposition of the bankruptcy is.
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Yes, if the lender wins a lawsuit judgment they can execute the judgment as a wage garnishment. Georgia follows federal...
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Usually the bank has a list of repo companies they do biz with and they pick one to repo the car. Maybe the closest to the car,...
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In most states they can repossess anytime of the day. More often they will repossess while you are at work. This way you won't...
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Ask the LENDER can they remove the non-paying signor from the title and the loan so you can take custody of the car. Otherwise,...
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You HAD the right to keep an eye on collateral that you were standing good for and to make sure it was being paid for in a timely...
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NOT if it was repoed by a lender. You had NO standing in the contract between the lender and the B/K person. You should have...
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Sounds like you are getting into the nitty-gritty of repo...check the codes below... Arizona TITLE STATE: Yes SECURITY...
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Don, IF your name is on the title as co-owner, you would just be taking possession of your own car. If its NOT on the title, you...
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There is NO notification system in place for that. However, if the unit is being "hidden", a good recovery agent will check with...
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Good question, do you where the car is? If so, you can go get it yourself. Have you contacted the person and told them to bring...
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Rigo, if YOU dont know where the car is, then it was STOLEN. Sooo, YOU need to file a stolen vehicle report with the cops. If you...
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Karen, it is possible to do so legally. You should ask your B/K attorney if it was legal the way it was done. S/he is in a btter...
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Jen, you SHOULD get your PP back. NOT giving it back is illegal and called 'conversion". There may be a fee for inventory and...
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ANYONE who's name is on the loan contract is responsible for the debt. Who will sell someone a car and that someone NOT be...
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certainly NOT, IF you AND the bank agree that it is paid in full. It appears the bank doesnt agree with that part. Call a local...
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I have looked at their website. It is unique to the repo industry. One of a kind. So its either the greatest thing since sliced...
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It will cause the credit score to decline and will remain on the credit report for seven years, perhaps creating problems for the...
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HOW TO FILE BANKRUPTCY WITHOUT A LAWYER"BANKRUPTCY SOFTWARE FOR CONSUMERS" sources are available on the internet for under $50 to...
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Why not just make the payments and avoid to whole thing? He will take the car based on more than just the vin#.
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I doubt it but you can always call and ask.
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They will sell it at auction for pennies on the dollar and then come after you for the remaining balance.They will often sue you...
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Answeryou can not have true info removed legally from your credit report.
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Most of the time you do, YES.
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AnswerYES AWG is authorized by a Federal law (20 USC � 1095a), which specifically preempts State law.
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AnswerNOT sure on this, but it seems that until they give up the right to repo by getting a judgment for the amount owed, they...
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An attorney can do almost anything YOU PAY THEM TO DO. But remember, roosta, the other side has attorneys, too, and they may...
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I suggest you contact a local attorney for advice on this question. You could end up filing charges against the person. Have you...
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this is a GENERIC definition... BOP is usually decide in the APPEALS Courts. Links at the bottom Breach of Peace. However,...
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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....
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AnswerTo my knowledge there is no difference in the over all obligation,however it shows good faith and can save you money as the...
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The best way to find an attorney is to call your local Bar Association. They should be able to refer you to an attorney who can...
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You Can't Crap answer above, You can use a variety of polishing compounds to buff our minor, small and surface scratches in...
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AnswerJames, why would you want to drive a car for a year and NOT pay on it?? Are you nuts?? LOL Turn the car in and this will go...
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call the LENDER and get it straight. If you are current, they need to CLOSE the acct. with the repo co.
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Arizona TITLE STATE: Yes SECURITY INTERESTS: Shown on title, title mailed to debtor, lien-holder record mailed to...
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Why would they report it stolen?? IF it was stolen from you, then YOU would report it stolen. The lender loaned MONEY so they...
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The lender can only place a lein on YOUR property.
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AnswerWell, if it is old and don't run, they probably wouldn't make any money, likely LOSE more money, by repoing it. Sooo, they...
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60 days is usual for most lenders, however, it varies.
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family, friends, crooks, loansharks? How good is your credit now? Call a few banks and find out. Do you have anything else to...
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IF you will be filing WITH an attorney, the attorney will do the filing. ler her/him do their job.
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YES, its an accounting thing. READ your contract.
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Not knowing what state you are in...YES it can. Few states require "notice" if you are referring to "right to cure". None require...
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i would be ready to NEGOTIATE the CR part before I called. For such a small amount due, it would be reasonable for Chry to make...
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Ga UCC Sec 9
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You can always make an offer, but its up to the lender whether its accepted.
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Thats an excellant question to ask your B/K attorney. maybe if you REAFFIRM the debt, you can get it back. MERRY CHRISTMAS
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You won't be arrested and the police won't come after you it is a civil matter not criminal. You may be right, you won't be...
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Rule 9a of the Rules for District Courts provides: In any case in which summons is not issued or waiver filed within ninety (90)...
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To get back a repossesd boat one should get in contact with the institution that repossesed it and see if there is any way to get...
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YES Yes, you owe them money or yes they owe me the title if it has been written off? Thanks for your help.
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You certainly can have it repoed in any manner you like. Vol or invol, not much difference. Its BAD for your credit any way you...
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AnswerA repo man is not allowed to move a vehicle or open gate or anything to get what he wants. If the garage dor was open it...
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BK only stops the repo process until the BK is discharged. BK does not mean you can keep the car without paying for it. My...
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YES. Read your contract. Does it call for you to maintain ins???
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Maybe it doesnt meet the loan cos. repo specs?? (not running,wrecked,ect) Do you know where their office is? Is it lcal? If so,...
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Depends on the brand and model. The LIABILITY for what happens when it shuts off makes it NOT likely to be used. NorthStar is...
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Same as if it is in purrfect condition. You pay the difference betwen what you owe and what it sells for.
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They can "suggest" anything they think you will go for. It doesn't sound like a very smart deal to me. But it will be YOUR credit...
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AnswerVery simple really,you have the right to pay it. If you don't pay it, the lender will likely seek a judgment against you....
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Cherie, its very likely that they can require you to pay off if you just refinanced the loan. READ your new contract in the parts...
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IF the "new" radio is just lying in car, sure you can. IF the stock radio is just lying in the car, nope. You had however many...
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AnswerTricky subject there. FIRST, they must be behind in the payments, LOLOL Then you need the COMPLETE VIN, plate #'s will be...
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You have options. You can hire someone to find and repo the car. You can do it yourself. Not enough facts to give a very dtailed...
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The Ohio Revised Code can be located at t the website for the Ohio State Government - www.ohio.gov/
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Yes. In some states I am not sure about all. A repo man cannot move another vehicle to get to the car he needs, nor can he come...
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You can provide copies of cancelled checks when applying for future credit, and this may help you in obtaining future credit, but...
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