Repossession

Parent Category: Debt Collection
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.
if you are asking about the limit a creditor can put on agarnishment, it is a percentage, depending on the state you livein, not the state the creditor is in po rnhub.com FU CKKK YAA
Contact the collection agency that is doing the garnishment, .I would also ask them to email you all the documents as we'll. Keep for your records.
You will need to work with the financial institution to work out a settlement where you retain the vehicle and become current on your payments. Each loan institution is going to be different but the only way is calling until you get to the correct employee.
Depending on what state you are in you can file for title based on abandoned vehicle laws,but in West Virginia you can only re-title if your a state trooper or a auto repair business owner
Most likely you will. You need to notify your insurance company ofthe move immediately so that they can change the garaging address.Ask your agent about whether or not your company even does businessin your new state. If you are an adult, you need your own insurancein your name. You vehicles should...
It would depend on local law; generally repossession is done afterforfeiture on the loan on that car, or as part of a general claimon a person's property (to pay of debts or a fine, for instance).If such laws are not in place locally, or the rules aren'tfollowed, repossession would still be theft....
Most lenders would only give you an auto loan if they are the lien holder until your car is paid off. This way you cannot sell the car or do anything legally without their consent.
If it was not you it is not your business. If it is not yourbusiness you cannot find out about the situation. Privacy laws aretaken seriously and everyone privacy must be protected. Don't thinkyou can find out some else's financial business.
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In many jurisdictions, about as long as it takes the repossession driver to get to the nearest courthouse and fill out the paperwork.
Not until the estate has gone through Probate. If an Executor orAdministrator has been assigned by will or by Court then they haveresponsibility to secure property belonging to the estate until itis settled. If a loss occurs, they could be personally liable tothe heirs of the estate.
A duplicate title can be issued if there was previously a bank thatowned the vehicle, this can include a lease or a loan. Once theamount is paid in full, a duplicate title will be issued to personwho signed the contract, with the exception of the lien holderlisted.
Some parks are located on private property and some are publicproperty. It would depend on the owner of the park. A homeownersassociation for instance can own a park within their subdivision.This would be a privately owned park and can be only for members ofthe homeowners association if they desire....
hi my name is Caitlin pizzaro froy is my uncle he has a gf right now
Sure, hopefully you have a signed promissory note as evidence of the loan. If not, its your word against the defendant.
Answer . \nused car dealers usually will repair, if not call the better business bureau or write to them NOW!!!! Look at your sales agreement and see if you have so much time for them to fix repair or warranty of 6 mo or more
Answer . If they are still in the car, the person that stole the car is responsible, unless he can convince the police that someone else is responsible.
If the title is in your name only, then the new buyer will not be able to put the title in his name. If it was repossessed, then the lienholder was able to sell it and the sale is valid.
Cars repossessed laws in Canada a vary by provine.Whether yourcar will be repossessed depends on such factors as the province youlive in and how for behind you are with your payments.Vehiclerepossessed is negative impact on your credit rating. If you wantmore information email me...
A charged-off loan is one where the lender of the money no longerbelieves the loan is profitable, due to the loss of value of thecar. This is an accounting term and has no bearing on the amount ofmoney a car will go for.
A co-buyer can move out of state with car as long as car paymentsare current. The co-buyer should update the new address with thelender.
Once the deal is signed, you have the power.......
Yes, there are some instances that a person can get a repossessedcar back in the state of Iowa. If the person pays all the moneyowed plus a repo fee, the car may be returned.
You lose the car ... simple ... it is returned to the company that lent you the money to purchase it ... it then gets cleaned up and at the option of the lender either gets sold to someone else or it gets auctioned off. This is their right to do this - they own the car, not you ... if you don't have...
there is no way to. Sorry as is buyer beware.
Let it go. I know the legal theory. I also know that it would take an attorney so expensive for you to pull that off that you might just as well not hire him - and buy a $10,000 to $15,000 replacement car with the money saved. You agreed to pay the car people, and you didn't. It may not have been...
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Answer . It seems like a lot of the questions are about cars. That means they have a high chance of coming up as a car question.
Yes a lender can garnish your wages after a repossession. If theresell value of the item does not cover the cost needed to repaythe lender, you are still responsible for paying the balance.
That would likely depend on the laws in the country they moved to. maybe one should check that BEFORE they move. Answer No, the above poster hasn't a clue about much and even less about international law.It always makes more sense to fight than run.The problem with running to another country is...
Yes, if a leinholder reposessed a vehicle from a person that owes adebt. then that vehicle is taken to an auction and the person itwas reposessed from must pay difference. If the amount owed is$12000 and the leinholder sells it at an auction for $8000 theprevious owner must pay the $4000 difference...
You have to pay a $1000 or more.
The VIN number (Vehicle Identification Number) tells the company exactly which options your car has, like engine size, transmission type, trim package, heavy duty cooling or not etc.
A house for a car would be called a garage.
I assume you are asking about repossession. Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction,...
The name coming first is the primary owner.
No, they take it out and take it to an animal shelter.
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NO the repo person can not. Who ever owns it can or if they give someone else permission to move it.
Answer . That depends on the lenders qualifications for a home loan. Some will, some wont.. Answer . The repo is on your credit.. voluntary or not go down talk to a good home loan person and find out what they think.Don't forget the bank will still come after\nyou for the balance on the car loan...
if you know someone from the registration maybe you can do this, but other than that i think you cannot.
As the owner you can sell the car any time you wish as long as you pay off any existing loans. If you sell the car for less than the total loan, you are liable for the difference. Your lender should have a process for individual-to-individual sales. Often this can be done at their location and they...
Answer . \nYou need to have paperwork showing the bike as collateral for the loan, (like banks do), you need to show that the loan is in default, and last but not least, you need to know where the bike is. You CANT go in a locked door/gate. NO breaking and entering. It must be a peaceful...
Keep paying or trade and finance that amount onto your next car
Answer . NOT unless it was stolen. Stolen cars are reported stolen. Cars securing a loan in DEFAULT are reported as DELINQUENT to the credit bureau.. Answer . \nIf you choose to report the car stolen, go ahead. I would not reccommend it though. Filing a false police report is illegal in most...
Answer . No. You sign a contract agreeing to keep the car for the specified time & any repairs not covered by the warranty are on you. you can turn the car in early but there are usually large penaltys involved.
Yes, if you have proof that you loaned them the money to purchasethe car and you are a lien holder on the title. Otherwise do notget the car or you can be charge with auto theft. I would contactyour local police for advice on how to proceed.
It depends on what state you are in, call your states attorney general or your state police and ask them for the pertinent laws including section, chapter and paragraph then look them up yourself just to be sure. In Texas you can have a long gun anywhere in your vehicle, you can have a pistol...
It depends. Have you put a deposit down and signed an agreement? Usually, though, until cash has been exchanged and the title is signed over, you are not committed. But, to depend on a technicality would be far fetched. Better to just bring it up with the seller.
No... Barrett Jackson no longer allows reserves on cars consigned to their auction. All car are sold to highest bidder.
It is not illegal to park your commercial truck in your driveway.However, there may be other relevant rules that apply. Thisincludes any homeowners association rules, or rules by the companythat employs you.
Probably, but you will not get near what you paid for it.
I think the highest ever recorded price of a car being sold was a 1937 Bugatti Type 57C Atlantic sold for around $40M!
I think not because they will need to go to work and so... Maybe if the person didn't pay rent for like 3 months + and so you can but if the person didn't pay rent for like 1-2 months I would say no, so it all depends.
if a deferrment has been done on a student loan wll IRS still garnish refund.
Answer . \nGet the loan company to put the price in WRITING for you BEFORE you take it back. If it is not a good price, go find another car.. Answer . Tell the loan company to take a hike.
As far as student loans and financial aid goes, yes . That's exactly what your supposed to do. It's actually illegal not to pay back the loan.
Generally no, though the company may give you one. They are not obliged to. Perhaps see related links....You can get a reward.
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Answer . \nNo, not to insure it just to drive it. You can insure it and let someone else drive it as long as they have their Class A CDL.
no you will not get it back, if you are the owner and it was used in the crime. however, if there is a second owner and they new nothing about the crime, and it is a parent you may be able to get it back, after the court case is done, but it will be returned to them, and not you.
Your insurance will only pay off what the blue book value of the car is, whether that's enought to pay off the vehicle is unknown to me. If you owe $7k and insurance says the car is worth $5k you owe the $2k difference.
Yes, you are entitled to get your belongings out of the vehicle, but you will need to check within your state's laws to see if a company can charge you for retrieving your items.
no, but it is recommended. the repo co has insurance and is bonded for this type of situation. you will have to provide proof of repo to your insurance co.
Answer . If a leased vehicle is in an accident, the lessor has to notify the lease company, along with their insurance company. Sometime the lease company will have you go through your insurance for repairs, other times they send you to their repair shop (if they have one).
If his fee is a percentage of your debt - he can charge it until the whole debt is repaid !
Answer . \nYou may or may not be sued. A collector has a specific time set by the laws of the state where the debtor resides; to refer the account to a collections attorney who can file a lawsuit. When a creditor wins a suit they can obtain a writ of judgment which can be executed in several ways....
When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in...
Names on title appear as either (and) (or) if the title is and then both signatures are required. if it is or then only one signature is required to modify ownership of title.
Well yes, But if you lock your garage then the repo officer will have to come to your door in order to get the car.
In simple terms ,a Chattel Lien is the process of a person or business taking ownership of the vehicle or vessel. They may file this lien due to services and or materials provided at the request of the owner or if they have not been compensated for the services and/or materials.
Yes and NO, However it depends on several factors. First check to see if you have a judgment that has been updated by your local court. Then check to see if your finance company has write off your deficiencies. In general charge offs must be renewed every five years. The state you live in makes a...
No, They would have to be behind on the car payment The above is not always the case. It can depend on what the car was impounded for. If it was impounded for something like drugs where asset forfeiture comes into play then yes the finance company can take the car regardless of payment status. The...
Rousseau believed that people should not own private property because it would make them greedy. He believed that the government should manage all property, and everybody should get an equal amount owned by the government.
Oklahoma has what is called a title 42 where you place a lien on a vehicle to claim ownership. however you can take death certificate to your local dmv and prove you are heir of the estate and the estate has went through probate and the estate is clear.
More than likely, however you will still end up owing a balance on the car and the primary signer and co signer will still be responsible for the balance.