0
Laws vary from state to state. However, if you haven't made your mortgage payments for several months, the bank is likely to repossess your home. Generally the time period is up to the lender, but once the paperwork goes through--you will receive notices if your mailing address is up to date-- you should expect short notice that you are being evicted. Evading receipt of the paperwork does not change matters. Long story short, the best thing to do if you cannot make payments is to have a serious discussion with the right person at the lender--the servicing company is not necessarily the place for real help. See related link for definitions of terms.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Manufactured home repossession law in state of Oregon?
repossess manufactured home in oregon
What is Florida repossession law?
on products, not vehicles
What is the car repossession law in Arizona?
check with your court house.
If a car is sold after repossession does law state that it must be reported to the bureau as zero balance?
If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?
Can a repo take place at your work in Florida?
A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.
If vehicle is in repossession phase and you are pulled over will you go to jail for auto theft?
No. Not if the circumstances are as simple as stated. Repossession is a civil law procedure, not involving criminal law -UNLESS- the vehicle HAD already been re-possessed and you went and took it back from the repossession impound lot, or the repossession agent or the bank. If it had already been taken and impounded then, yes, you could be charged with auto theft.
Does state of Nevada have a auto purchase rescind law?
new purchase not in repossession
What is the law on repossession of property in Michigan?
Self help and you may not breach the peace.
If you have a voluntary repossession can they take your home?
NO, they can attach a lien to be paid FIRST if/when the home is sold.
Can an arrest be made after a repossession is made?
If a law was broken, yes, the person who broke the law can be arrested. The repoman cannot arrest the law breaker.
Who do you turn to for repossession advice on your home.?
A lawyer...only and always.
What is a repossession order used for?
In a repossession order, a lender can repossess one's home if the court approves and grants permission. The judge could either set the case aside or give a repossession order.
