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Can you repossess a car if the person who bought it from you still owes you money for the car and you still have all the paperwork?
Wiki User
∙ 8y ago
Your state may have other requirements that you have to meet to do so. At the very least, you need a loan contract that perfects the security agreement.
Wiki User
∙ 8y ago
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Can you hide the vehicle if they come to repossess?
no that's illegal and you shouldn't have bought it if you didn't have the money crackface.
What happens if you unknowingly bought a car that had a loan on it and the loan is not paid off can they repossess the car?
YES, they can. The person who sold the car can be charged with selling mortaged property(felony in most states).You will be out your money. best to take the car back to the seller and get your money back while you have a chance.
When a bank repossess someones car?
As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.
What allows a bank to repossess someones car?
Things may differ state to state, but in MI the lien holder basically owns the vehicle. I have the title to my truck, but it's got a big stamp on it from the credit union. The right to repossess the vehicle is in the paperwork that was signed at the closing of the loan, which also lists the vehicle as collateral for the money that was borrowed. If you can't pay the money back they have the right to take the vehicle because it's worth roughly the same amount.
What does repo mean?
of course he can, if he's tough enough.It's short for "Repossess". Loan companies that are not getting their loan payment from the person that borrowed the money hire or pay a fee to "Repo" companies that repossess such vehicles, ie. also boats, RV's, motorcycles, tractors trucks etc.
If you gave someone money can you sue them for it back?
No. If I give you money, it is yours. You can do whatever you want with it. If I lend you money, I had better get a receipt. I will need paperwork. Then, I can sue you to get it back. The name of the game is paperwork.
The person who made it doesn't want it The person who bought it doesn't need it The person who uses it doesn't know he or she is using it What is it?
Easy! counterfeit money!
Can a mechanic repossess a vehicle if money still owed?
if you owe them money they generally will not release your vehicle to you in the first place
How do you save a sick chicken?
cook it then sell it to somebody and then the person that bought t will die and yo get the money
When can a bank repossess someones car?
When the owner defaults on the loan payments
During the middle ages what was more valuble than money?
All sorts of things could be bought with money, but not a person's soul. This meant that a person's word was worth more than money. In fact many people held a person's word to be worth more than his life.
What money did?
it bought.
