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As a cosigner does the auto loaner have to let you know they repoed the car?
Hallaj7126
No, the lender is not even required to notify anyone in all states. If you happen to be the person in possession of the vehicle, it is possible, quite likely actually, that the repossession agent will be kind enough to allow you to secure your personal property. Take advantage of this, as the agency is well within their rights to charge youstorage for any property left in the vehicle.
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∙ 14y ago
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What is the statute of limitation for a repoed vehical to sue the company the repoed the vehical?
I want to take the company that repoed my truck to court. I need to know what the statue of limitation is to file.
How do you know if you are a cosigner or co owner?
A "Cosigner" is a "Co-owner." Cobuyers and buyers are equally responsible for the note they signed.
How do you find out where your repossessed car is so you can get your belongings out?
CALL the LENDER who had it repoed. they know where it is.
What will happen if your cars going to be repoed n you moved?
If you know for a fact that the car is about to be repossessed, it is your responsibility to return the car to the agency before you move. If you take this car with you, you could be arrested for Grand Theft, Auto. Prison time is not worth it ... give the car back and get on with life.
How can you get help writing petition for repossession of a vehicle?
not sure what your question is, BUT, if you want a car repoed and know the leinholder, CALL the lender.
Can a cosigner help your credit?
from what i know when you sign on a cosigner you hand your item to them so if you make good payments it builds their credit if you fail to make payments it hurts their credit but it is a good way to start.
Does the cosigner need to appear on the pre approval letter and purchase and sale so the seller is aware of cosigner?
no, but to be sure ask your lawyer. In most jurisdictions that I know of mortgage details do not have to be disclosed to the seller.
Is there a time limit within which the collateral must be repossessed?
None that I know of. i have saw cars being repoed after 3 years of being hunted.
Can a cosigner of an auto loan be released from the contract?
My question is i co -sign for someone they put the down paid made all of the late now the car has been rep, is their a court i can go to for hepl, i am about to loose every thing i have work so hard for, and i have know money, what can i do for help
Is it better to drop off your car before it is repoed?
Financially it doesn't matter, but at least you know when you're going to drop it off rather than have it repoed and have to walk home, and it's usually a pain to get your personal belongings from the repo guys. Also if you have anything aftermarket, including stereo, they won't let you take it.
If the borrower cannot make the payments but the cosigner does can the mortgage company still take the house?
Not if the cosigner has been making the payments on time. But often the cosigner doesn't know the loan is in default until it is past due 30 days or more, so if you have received two or three (depends on state laws) Right To Cure Default letters, the bank can foreclose.
Can the lender contact the cosigner without trying to contact the borrower first?
not likely that she has not been contacted. I know how my mom is at 80, she might not know who it was on the phone. Good Luck
