0
If you are the primary owner of a car that your ex has taken can you have a repossession agent recover the car for you if she is not making the payments?
Wiki User
∙ 8y ago
Greg, if you are the primary OWNER on the TITLE, you can take the car. It would be better if you did the repoing yourself. Most repo cos. wont touch this type of "repo" with a 10 ft. pole. Toooo many variables and he said/she said.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Do you receive notification before auto repossession?
You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.
What is repossession notice?
The most common type of repossession notice when a person has not been making loan payments for a car or truck. If the lender does not receive payments, the vehicle may be towed away.
What are the consequences of not making car payments?
If you do not make car payments you will default on your loan or lease. It will ruin your credit and end up with a repossession.
What can a cosigner do after a car is repossessed Can they sue the primary signer?
Seems pointless to even consider. If the primary signer didn't have enough funds to make the car payments, they probably will not have enough funds to pay any lawsuit you charge them with. Fact is, if the primary signer defaulted on payments, then the cosigner would be responsible for making them - If repossession occured, then it was due to the fault of the cosigner .. can't sue yourself.
Can you get your vehicle back after repossession?
The first step is to contact your lender. They will have those answers. It usually involves making up past payments, and paying the repossession fee, and perhaps storage.
As a co-signer if you took over payments 4 years ago and can no longer afford the payments what can you do to protect the damage to the primary through the repossession process?
The primary, whether he's been making payments recently or not, is the first person responsible to make good on the debt. If the co-signer -- who's been generous enough to make payments for so long -- can no longer meet the fincancial obligation, both the co-signer's and primary's credit history will reflect default on the debt. Any actions or judgments on behalf of the lender can be made against the primary and the co-signer.
Can a lender take legal action against the homeowner?
It's called repossession. The lender owns the property, the homeowner is making payments.
If you do a voluntary repo and get another dealerships car will that hurt your credit as bad as not making any payments for a repossession?
A repo is a repo is a repo.
You kept making car payments after discharged in chapter 7 if you stop paying and don't surrender the car can the lender go and undo your bankruptcy?
No. But, the vehicle will become a repossession if payments are not made.
What happens when you get call regarding repossession but no letter after making a payment?
One payment may not be enough to stop the progress of the repossession proceedings. You need to communicate with the mortgage company and arrange to make regular payments.
Who is responsible for making monthly payments when there is a primary buyer and a co buyer?
either OR both
If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
