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Q: How long after a vehicle repossession does the bank or car company have to sell the vehicle and is there a maximum time limit in Tennessee?
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What is involved in a Repossession of a vehicle in Tennessee?

In Tennessee, a truck or car finance company can hire a repossession company to take your vehicle if you do not make payments and are in default. They are not able to break into a locked garage to take your vehicle and they cannot forcibly remove a person from behind the wheel of the car.


Can a finance company go on your property to retrieve a vehicle for repossession in NJ?

Yes


What is special about the Repo Truck company?

There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.


When a vehicle has been repossessed and taken to the auction does Honda carry insurance on it?

Not only does Honda have insurance on the vehicle, so does the repossession company, the storage company, the transport company, and the aution agency.


Can a bank take your other assets after repossession of vehicle in Ga?

Our company that refinanced the vehicle is threatning to garnish wages and garnish our other vehicle (of which is paid for) and other assets.


What do you do if a repossession company damages your property while seizing the vehicle?

You need very good proof it was not damaged before the repossession. Nearly impossible to do as he can say it was damaged when he got it (and he will, believe me).


What are car repossession laws in Missouri regarding notification to auction a vehicle?

what are the legalities of voluntary vehicle repossession


What happens to a vehicle if the financial company says they don't want it and they sue the owner for remaining balance after repossession and sale?

If the finance company has sold it, you have you answer. How can you be so stupid?


Can you repo a car if you have title?

When you purchased the car, you may have received a lien title from the state. This is not a clear title of ownership. The lender in essence still owns the vehicle, at least part of it. It is held in security for the loan. If you are a repossession company or agent, you will be required to have an order of repossession. But, if you are a repossession company or agent, you should already know this.


Can you be criminally charged for not turning in a vehicle for repossession to the loan company?

Possibly. If you hide the vehicle they could charge you with GTA. Grand Theft Auto. Remember, they own it and you don't.


A sample letter of vehicle repossession for the state of Texas Where can you find one?

Sample letter of vehicle repossession for the state of texas


How much is the storage fee a day for repo?

Fees vary from lot to lot and repossession company to repossession company. I have seen daily rates as low as $10.00 and as high as $150.00. Your best bet is to get the matter resolved as soon as possible and redeem your vehicle.