Pay all the payments that are in arrears for starters. The lending company may insist on re-writing the loan at a higher interest rate as you are now an "at risk" borrower. Bottom line, pay what is owed on time, every time ... if you are going to be even one hour late in any payment, notify the lender - usually something can be worked out.
A repossessed boat is a boat that the bank or company has taken back from you because you neglected or were unable to make payments to legally own the boat. A normal boat would be a boat that's owned by a person who's either making the payments on time or already has it paid off.
To get back a repossesd boat one should get in contact with the institution that repossesed it and see if there is any way to get it back. It is possible that the institution will let you pick the payments back up, probably with a fee for being ate and being repossesed, then you can have your boat back.
Boats can be repossessed due to non-payment or maybe the boat does not meet the requirements needed to sail. I would think it would be just like a automobile as far as finance goes.
NOT unless the payments are delinquent and the cosingnor has POSSESSION of the boat. Call the Lender and work it out.
To get your repossessed car back you may need proof of residency, insurance, and, other personal information to retrieve your repossessed vehicle back to you.
Often repossessed boats are sold for 60%-75% off their book value. You can however encounter bidding fees and will need to have a deposit as well if you are the winning bidder.
ask the guy that repossessed your workers truck for the tools that were in that truckask the guy that repossessed your workers truck for the tools that were in that truck
No. A boat can be repossessed anywhere. If you have a boat up for repossession, and you think you'll be slick by taking it out of state or overseas, they can still come for it. The lienholder is the legitimate owner of that boat, and has a right to reclaim it whenever they see fit to.
A back of a boat is called a stern.
Contact the lender who repossessed the car. You will have to make up all back payments and pay all fees associated with the actual repossession.
The only way to get a repossessed truck back in the state of Indiana is to pay the balance owed. Sometimes, you can contact the lender and make arrangements to get the truck back without paying the whole amount.
No, the back of a boat is called stern, bow is a front of a boat.