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How do you find out if your truck was moved before the lien sale date and kept by tow company. can the lien holder not put it up for auction after notifying vehicle owner of lien sale and date?
Wiki User
∙ 12y ago
I guess the answer to this question is as unattainable as my truck seems to be. Thanks for trying. Lissa, owner of the vehicle
Wiki User
∙ 12y ago
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How long does the finance company have to hold the vehicle before they can auction it off?
20 days.
Is it still possible to get your vehicle back after the repo has occurred?
In Canada the answer is yes if it is repossessed by a bank (or credit institution). Any car that is re-possessed by a bank or credit company has to be put up for auction. You can always get your vehicle back if you pay whatever arrears you owe the bank as well as the the fees that the bank had to pay to the repo company before it is sent to the auction house. However, you do need to act quickly. I have never heard of anyone getting their vehicle back once it is up for auction (and in Canada the auction companies used by banks are only open to car dealers).
Can a repossession company remove your City of Chicago City Sticker before your redemption period expires?
We, at our company do not remove these. Anything attached to the vehicle there is no reason to un attach because you cannot guarantee you will not damage it or the vehicle. If they removed it they are responsible for it, and they should have it stored with the rest of your personal property. If the vehicle was moved to an auction they may be responsible for its removal, as they prep all vehicles for auction which includes removing any trace of a previous owner.
Can you purchase a home scheduled for auction before the auction?
You are not able to purchase a home prior to auction unless the auctioneer and/or auction company has provisions with the seller to permit such a sale.
Is it safe to buy a vehicle at an auction for cars?
It is safe to buy a vehicle at an auction for cars so long as you know what you're buying. Please look at the car in and out before deciding to place a bid on it.
Can a vehicle that is without a lienholder be repossessed by a company before a lien is filed?
No
If you had the vehicle repossessed and it is listed as a charge off can they now sue you for the balance?
Yes. What happens is that they auction the vehicle. They can auction a vehicle 10 days after they repossess it, not before. They take that money, apply it to the loan. Whatever balance is left is what you are responsible for. One thing you can question, is what the vehicle is auctioned for. They have to make every reasonable effort to sell it for book, they just can't sell it for $10 if it is a $10K vehicle, if you know what I mean. There are guidelines that they have to adhere to.
Can you get insurance before getting vehicle registration?
No you can't. I'm having the same problem! In Michigan the Secretary of State requires a vehicle to be insured before you can register it but my insurance company requires the vehicle be registered in my name before they will insure it!
How many days do you have to be behind in your payments in New York before they can repo your car?
As soon as you have defaulted on the loan, a creditor can repossess your car. So 24 hours after you have failed to pay, they can repossess your vehicle without notifying you.
Can you pay the late payments before the car goes to auction?
In most situations yes. However, it is important to know that the lender may ask for payment in full before redeeming the vehicle back to you.
If you are a co-signer on a car loan and the car is repossessed are you given the option to buy the car yourself before it is taken to auction?
no you do not get to puchase the vehicle before it is auctioned the loan company will have tried to contact you to make the payment it would then be up to you to get the car from the other person by way of repossessing it yourself through small claims court
Is the business responsible if they are letting an unlicensed driver operate a company vehicle?
Yes. The company should be checking the validity of a persons drivers license before letting them drive any motor vehicle.
