Can a lender hold your personal items once a car has been repossessed?
Hold your PP?? NO, NO and NO. The MO??? Good question, I've not encountered it before. Call a local attorney for better advice.ASAP
The MO??? It was NOT in the car when you bought it sooo there is NO security interest in it. Doesnt matter whose name is written on it. You could have written the lenders name in your BIBLE and it wouldn't be theirs.
Are you legally able to receive your personal property back in a vehicle that has been repossessed including after market stereo amp and speakers?
Personal property you will most definitely be able to get back. A stereo, amp, and speakers, it is doubtful. These items have been affixed to the vehicle and are now apart of the car. But the ultimate decision will be up to the lender. Seems if you had been making the payments, your first priority, instead of buying expensive audio equipment you would not be in the fix you are in, right. Learn from this…
Can your car be repossessed if your insurance incorrectly told the lender your policy had been cancelled?
If your car has been repossessed is any way to get your personal belongings from it or should you consider them gone too?
If a car is financed in Texas and repossessed in Kentucky can the lender garnish your wages in Kentucky?
There is no set time. Once you have defaulted on your loan, and the lender takes possession of the collateral, it is theirs to dispose of as they see fit. That they attempt to sell it at auction is one means of off-setting the debt you created. They must notify you in most states within twenty-four hours that the vehicle has been repossessed, and they must make it possible for you to recover your personal…
Is the customer entitled to items that are left inside or outside of a car after the car has been repossessed?
Check state law, but here in Florida a company may repossess your vehicle but not keep any personal items belonging to you. They are entitled only to that property which is considered theirs due to lack of payment on the buyer's part. Keeping your personal items and refusing to give them back is considered theft. Only if they are not attached to the vehicle.
ask a cop to run the license plate on their computer If it is still in your possession, it has not been stolen and anyone who files a police report saying it has been is commiting a crime. However, if it has already been repossessed and disappears from the storage lot, it HAS been stolen and the lender or repo agent will report it.
When your car gets repossessed are you able to get your tag back and can you get something from them that says it has been repossessed?
You are allowed to set up a time with the tow company that retrieved your vehicle to get any personal items of yours out of it, that does not include installed stereos or custom wheels. As for the notice, you will need to speak with your finance company, they will usually offer to give you back the vehicle if you can pay what is delinquent.
What can the buyer do when they have reached an agreement with the creditor to recover a repossessed vehicle but the repossession company refuses to return personal items or release the vehicle?
Take them to court. * It is possible they are within their legal rights to hold the vehicle and its contents if a replevin order or other court order is in effect. Often the lender's agent cannot release the vehicle until they are informed by the lender that all the reaffirmation documentation has been finalized including checks clearing, insurance confirmation and so forth.
How far behind do your car payments have to be before it can be repossessed in the state of Virginia?
Why is the bank reporting a car as a repossession when it was stolen and totaled and you are still paying for it?
It's been two years that no truck payment has been made and you told the lender to repossess it. They refuse unless you sign a release and you refused to. Why hasn't the truck been repossessed?
The answer is in your question. The lender has asked you to sign a release and you refused. That is likely the least costly way for the lender to take possession of the property that it helped you pay for. You probably agreed to that procedure when you signed the contract for the loan. The lender loaned you money when you asked for it, you failed to pay the money back and you have refused…
What happens in Texas if you voluntarily have your car repossessed and money is still owed after the car has been sold at an auction?
Can you take possession of the car if the borrower stops making payments even though they have been paying for a year?
Can a dealership take back a car title from a lender and have the car repossessed if he is behind in payments even if arrangements have been made with the lender?
After your vehicle has been repossessed, the repossessing company must contact you (often via the creditor) to notify you where your personal property can be recovered. Repossession agents are required to keep the property for thirty days to allow you to recover it, but they will charge you a storage fee, and pretty much every one will require that fee be paid before they surrender your personal property. Regarding an agent of yours being permitted…
Can your car get repossessed even if it has been towed by another towing company for a parking violation?
Where can one find a good lawyer in Iowa if you wish to sue the bank that repossessed the wrong vehicle and items were missing on return?
After your vehicle is repossessed and the car has been auctioned off can arrangements be made for the remainder of the loan balance?
The vehicle was repossessed for non-payment of the lease, correct? You still owe all the money to the lender, even though you no longer have the car. You signed a written agreement with the lender promising to pay a certain amount each month for how ever many months were in the lease. You breached that written contract by not paying the monthly lease - Just because the car is taken away from you does not…
What happens after court proceedings have been filed in Florida if you have little or no income and had the vehicle voluntarily repossessed?
Yes they can. The lender loaned money. Period. They can, and will, sue for full payment. They aren't in the car business, they are in the money business, and that's all they are concerned with. Here's how it works: You go to car dealership, and get a car. you sign your name so many times, that you get writer's cramp, and drive away. That is the end of your relationship with the dealership. What they…
After a car has been repossessed from a title loan how much can you sell it for and can you get the balance owed?
What are you trying to ask? After your car has been repossessed, you can't sell it - the lender will. You will get nothing, unless by some unusual circumstance it is sold for more than the amount of the loan plus interest plus costs of repossession and sale. If that happened, you SHOULD get any additional amount, but more likely you will be expected to PAY whatever remains of those amounts after the sale price…