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Answered 2006-08-03 18:11:15

A very close friend of mine, who is an attorney employed by a major NY City law firm (whose initials start with S & C), wrote the following: "My best educated guess is that the bank is NOT entitled to the kart. The cart is NOT 'attached' to the property. Unless I see a contract that says it is or a statement filled under the Uniform Commercial Code that says it is, it


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Go to bank or other place that repossessed the truck. Pay cash for it etc

Yes, the truck belongs to the bank or finance company, not your personal items in it. Don't wait too long, things have a way of disappearing from vehicles and you have no way of proving something was in there.

If they have a judgment against you, yes. However, if they DO have a judgment against you, you should have been notified and it should be a matter of public record.

Banks often keep repossessed vehicles in their parking garages. or in an appropriate storage area a reasonable distance from the bank. Walk into the bank and ask for the person in-charge of repossessed vehicles. Once onto the right department, state that you wish to purchase a particular repossessed vehicle when the title has cleared with the bank...and don't be intimidated into thinking you can't bargain, you can. Good luck.

The bank takes it for non-payment of your loan. They send a mean man with a tow truck to take it from your driveway in the middle of the night. It's not considered stealing unless the tow truck driver does not notify the police that they picked it up.

These entities regularly auction off repossessed cars. Places and times vary by bank and region, so call the banks in your area to get started.

Does the bank have your current address and/or phone number? They will be calling on you.

The bank doesn't need to sue. If the truck loan isn't paid the bank can/will repossess the truck.

It is possible to work out a deal with the bank after it is repossessed. However, a new loan or legal agreement will have to be signed.

When a car is repossessed it usually means the owner is no longer able to make the payments. It is repossessed by the dealer or the bank in which to owner has the loan through.

Repossessed tractor trailers can be purchased from some tractor trailer dealers. If the rig was previously financed by a bank, the bank repossessing it will try to sell the tractor trailer to a dealer before selling it to the public.

No. Once filed, no one can seize or tey and collect anything with out court approval.

One could search for repossessed cars for sale online at the websites provided by the companies Repo Direct, Auto Bid Master, Repos 4 Sale, Cars for Sale, Bank Repossessed cars and Repossessed Cars Sale.

Maybe, if you have the original, but, it is ultimately up to the bank.

He had seven cars, but the bank repossessed five of them. He had a cookie, but someone ate it.

Yes you can make profit on the car if you buy it from the bank.

yes. When a vehicle is repossessed by the bank it doesn't mean that you stop making payments. You are still liable for the loan.

The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.

they can call you as many times as they need to. depending on your state. most laws require 3 months of non payment before they can send a tow truck to come get your car for repossesion

When your car is repossessed from the bank, the bank will sell it, usually at an auction. You are responsible for the difference of the selling price and what you owe on the car.

The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.

NO. It can be sold any way the bank wants it to be sold

They will auction the car and you will have to pay the difference of what you owe and what the car sold for.

yes, if it's being repossessed, it is the banks property.

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