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The answer to this depends on the state you live in. Each state has different laws that prescribe the process for repo and sale.
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∙ 15y ago
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Who to sale a car that you owe for?
license require for repossession in ga
Why is it important to follow proper lab safety procedures?
it is very important to follow proper lab safety procedures
Does gap insurance cover a repossession?
Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.
What procedures are needed to get repossession stopped?
Depending on the state you reside in the procedure in order to get a repossession stopped is difficult. One of the few ways to stop a repossession is if a "breach of the peace" were to take place such as your car being in a locked garage or a threat of force was issued.
Can i sue the bank for wrongful repossession?
You need proper lawful advice from a lawyer.
How long does a repossession in Mississippi stay on your credit report?
By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.
Where in the United States could one purchase an AR 15 full auto gun?
They are available for sale on websites online through proper procedures. Through proper identification and background approval the purchase of this weapon is available through online resources.
If a repossession stays on your credit report seven years does that start from the date of the repo or the date of the final sale?
It stays on your credit report 7 years from the date of settlement not the date of repossession.
What happens at a sheriff's sale?
A Sheriff's sale usually is to sell off property that has been seized by a large judgement against someone or a repossession that has taken place.
Do you get anything back from a repossession car sale?
Only if the car sells for more than amount owed plus expenses to recover, collect, attorney fees, and sale fees.
Can an employer hold a check for the employee not following proper procedures?
No. Your employer can fire you for not following proper procedures, but you are entitled by law to your wages for whatever hours you work. Holding your pay is not proper recourse for failure to follow procedure.
What is one way to stop repossessions?
One way to stop a repossession on anything is to make sure your bank actually has the proper paperwork filled out, and if not, file for a legal injunction to stop or delay the repossession.
