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How long can a vehicle sit in your yard after a notice of repossession before you can claim it as your property in North Carolina?
Wiki User
∙ 8y ago
Until the DMV will give you title to it. TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: North Carolina Division of Motor Vehicles, Vehicles Registration, 1100 New Bern Avenue, Raleigh, North Carolina, 27696. Tel.:(919)733-3025. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Title and Repossession Affidavit, Out of State Repossession titles and affidavits are accepted. PLATES: Remain with the debtor. Give them a call.
Wiki User
∙ 8y ago
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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).
Do you have a right to have a repossession letter before my vehicle is repossessed?
no
How late can a vehicle payment be in Virginia before repossession?
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
What happens to your license plate after your car gets repossessed in South Carolina?
The person(s) whose name(s) appear on the title of the vehicle should remove the license plate(s) before the vehicle is impounded by the repossession agent.
Is it still considered repossession if you willing give the bank the keys to your property before it goes into foreclosure?
Yes, a voluntary foreclosure (deed in lieu of such) is a foreclosure just as a voluntary repossession of a vehicle is a repossession. All the same penalties/fees, recovery of debt laws apply and the information entered on the debtor's credit report will be as a foreclosure regardless of the circumstances involved.
Is it true repo agents must verify VIN before taking the vehicle?
Yes, it is true that repossession agents must verify VINs before taking a vehicle. They have to be certain that they have the correct vehicle.
In Texas how many months before repossession?
No months. It will be more like weeks or days. In practice, you can be one day past due and the lender can send your vehicle for repossession. It might be months before the actual repossession happens; it will depend on how difficult it is for the agency to secure it.
In South Carolina can your car be repossessed if a trailer is hooked up to it?
Yes, anything attached to the vehicle is consider additional property and can be returned to you upon your request...there may be additional storage fees. In the case of a trailer, the repossession agent is most likely to remove the trailer before securing the unit. If he is unable to and can make arrangements to take both, he may.
In Arizona if your vehicle is repossessed and your get the vehicle back is it illegal for the repossession agent to charge a fee before they will return your licence plate?
In the State of Arizona, the license plate belongs to the debtor. They cannot charge you for your plate but they can charge you for inventory and storage of your personal property (which, incidently, includes your plate).
What are the repossession laws on private property in Maryland?
In Maryland, if you default on a loan secured by personal property, the lender can repossess the property without court involvement as long as it can be done without breaching the peace. The lender must provide written notice of the repossession and sale of the property. Additionally, the debtor has the right to redeem the property before the sale by paying off the amount owed.
How late on payments do you have to be before your car can be repoed in Kentucky?
One day. Typically it takes the lender a week or more, usually a month before they send out the order of repossession. If you are trying to figure out the float on how long it is safe to be delinquent, don't bother. Once you have gone into repossession, the lender can still have your vehicle picked up, even if you pay current. You breached a contract, the penalty of that is the surrender of the secured property, the car. Do what you have to to pay the note, or be honorable and surrender the vehicle.
What can you do about a repossession if you only owed 717 dollars and you were never contacted about the repossession?
Pay the money. You don't have to be contacted about the repossession; you are aware of the terms of your loan in your contract. If you're behind, pay what you owe so you can get the vehicle back. * The amount owed is not relevant. The following states require "right to cure" notification before repossession action can be taken: Colorado, Connecticut, Iowa, Louisiana, Maine, Massachuetts, Missouri, South Carolina and West Virginia and Wisconsin (replevin order required).
