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Does a repossession agent need a key to repossess a car?
Jreeder3534
No. There are other options available to the repo man. Most of the time they will just tow your car, no key needed. Other times they will take the car by slamming the ignition or whatever is required.
When the automobile is dropped off at the lot, they will just replace the locks if no key info is available.
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∙ 16y ago
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Can someone repossess a car without filing for repossession?
yes
If you are threatened with a repossession can you pay the balance before they repossess the car?
IF the lender accepts it you can.
Is it legal to repossess a car at 7 A.M. in Arizona?
Yes, as long as the repossession agent did not commit a breach of peace as defined under the laws of the state or municipality in which the vehicle was recovered.
Can they come and reposses a car from a private condominium?
Apparently, it is legal for the owner -- in this case, the title holder -- to repossess an automobile so long as the repossessing agent does not break the law in the repossession process.
Does a repo agent have to notify you if they are going to repossess your car?
no
How do you use repossess in a sentence?
The bank's repossession of their house left the family with no place to live.
Can auto repossession be negotiated?
The company repossessing the car has no authority to negotiate terms with you. They are simply there to repossess the car. You must negotiate with your lender. Hopefully, you will do this before the the repossession order is submitted by the lender.
If you let the bank repossess your car will it show on your credit as a repossession or just that you owe them an amount due?
BOTH
What happens when the joint owner sends someone to repossess your car?
The car is secured by the repossession agent, taken to a storage lot, and transported to an auction where it will be sold. Sometimes, in such cases, the party that give the location of the vehicle is paid a small finders fee.
Can you repossess a vehicle if you are the sole owner on registration?
Yes you can repossess if you are the soul owner. If the person whom your repossessing the car from gives you trouble, have the police meet you to witness the repossession.
can someone other than the owner of a car reposess a leased car from you. if the contract does not show a payment due date?
The leasing agreement shows the payment terms, including the amount and due date. The lease should also have language pertaining to repossession. The owner of the car has to file a request to get permission to repossess the car and, once permission is granted, can engage the services of a repo agent. When the request to repossess is made to the court, the owner or leasing agent must show that payments are in arrears.
Is it legal to repossess a car in Michigan from a repair shop?
Yes. A lienholder is the lawful and sole owner of that vehicle, and it doesn't matter where they repossess it from, so long as they do it in accordance with state laws for repossession.
