answersLogoWhite

0

Cars & Vehicles
Auto Loans and Financing
Repossession

Can a lender repo a car if the borrower dies?


Top Answer
User Avatar
Wiki User
Answered 2007-06-30 13:25:37

Yes, if those who control the dead borrower's estate do not continue to make the payments. The lender has a lien on the car, no matter who owns it.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Loading...

Still have questions?

Related Questions

If lender mistakenly signs over auto title to borrower and borrower sales title who is libel?

A borrower should not have a title in their possession that they have borrowed money against. This belongs with the lender. Should the borrower sell the car, they would be libel.


In Pennsylvania if you lease a car and voluntarily repo it can they attempt to make you pay balances?

Yes, voluntarily relinquishing a vehicle does not relieve the borrower from the original contract obligations. The lender/leaser can sue the borrower for the amount still owed on the contract and any applicable fees.


Can a person turn back in a car that they bought a week ago and not be considered a repo?

Considering that the LENDER will be the one to report it as a "repo", wouldn't it be best the discuss it with the LENDER?


Can you sell the car before they repo it if they are alraedy saying that they want to repo it?

No, the car has a lien on it. You cannot legally sell without a lien release from the lender. Be careful, you will get into serious trouble trying this. You can sell the car if the lender agrees but if they are trying to repo it i doubt they would agree to a sale at this point.


How do you get your car back from a repo when you are only 3 days late?

You pay the LENDER what you are behind and the repo fee and go get it.


Can a car dealership repo your car if you already have a lender for the vehicle?

The DEALERSHIP won't repossess the car, but the lender might if you don't make the monthly payments as scheduled.


Where would they take a repo vehicle if your lender is in va and you live in ms?

It all varies by your state laws. but normally the lender will search for repo and towing companies in the area where they think you are and they search for you and come and tow your car to a tow company or repo company lot, then they contact your lender, so you need to contact your lender to arrange payment or to get your stuff out of your car. Hope This helps Adam OUT


In Michigan can the lender garnishe your wages for a repo car?

If they have a judgment against you, yes.


Are they allowed to drive your car during a repo Are they allowed to have keys to your car?

It isn't YOUR car until you have paid the lender.


Can a lender stop you from register a new car if another car is in repo status in Florida?

yes they can stop you , you need to return the car back to the lender in other for you to register a new car.


Can a lender still repossess your car after a lawyer told you to tell them that you were claiming bankruptcy?

The lender has to get the STAY lifted before they can repo.


If a repo has been placed on your car but you pay for the car before they pick it up can they still pick it up?

Contact the lender they are the ones who call off the repo.


If primary borrower gets behind in payments can you repo car?

If "you" are the lienholder then yes. If you're not the lienholder or their authorized agent (e.g. a repo man working for them), then no.


If you bought a car in Virginia and can no longer afford it can you do a voluntary repo and not have your wages garnished?

A repo is a repo, voluntary or not. Do not do a voluntary repo or any other repo. Terrible idea!!! Call the lender and work something out. See if you can find someone to take over the payments or possible sell the car to another part and pay off the loan. If you are upside down on the loan, then sell the car and borrow the balance to pay it off. Having your car reposed is a very bad idea. Your credit will be ruined for 7 years. You will also have the pay the difference in what the lender sells your car for and the balance on the note, plus repo fees. Do whatever it takes to prevent this from happening. I can assure you the lender does not want to repo your car. Call them!!!!


If your loan is current and you turn the vehicle back in to the lender can it still be reported as a repo?

YES! A repo is a repo. If you turn the vehicle in to the lender and stop making payments this is called a voluntary repossession. The lender will sell the car and you will be responsible for the difference in what the car sells for and the balance on the loan. It will be reported to all 3 credit bureaus as a default on a loan, and your credit will be ruined for 7 years. You would however save to repo fees such as towing. Do not do this. Call the lender and work something out if possible.


If your car is going to be repossessed but you make a payment to get caught up can they still repossess the car?

Until the LENDER cancels the repo order with the repo company, you are fair game.


How many payments do you have to miss before your car can be repo?

Depends on the lender. Legally, one!


Can you surrender your car to the loan lender to prevent repo and not have to make payments anymore in California?

NOT unless the LENDER agrees before you do IN WRITING.


If a car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?

IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".


Can you have the repo man get a car that is taken by someone who borrowed it and moved if you only have their drivers license and SSN?

IF the loan is in DEFAULT that has the car as collateral AND the LENDER issues a repo order, YES, the repo man can take the car from a 3rd party in possession.


Can you get your car back after a repo?

Husband dies, his car left at a friends house, friend would not give car up, car was voluntarily repossesed, can you still get car after a repo? What is needed?


Where do you look to find your repossessed car?

As licensed repo man I can tell you we must notify the local P.D. within 1 hour that the car was picked up as a repo, where it will be stored, and what the name of lender is. To find it call lender or call local P.D. and report it stolen at which time P.D. will tell you its a repo and where it is.


Can a lender repo a car after 5 years?

The statute of limitation expires five years from the last payment. They can't repo the car, but they don't have to give you a clear title either.


I didint pay for down payment can i stiil be charged after repo?

Ok, you say that you didn't pay for the down payment on the car....but.....did you sign the promissory note as the borrower or as a cosigner. Because if you did, it is your car also and you will also be charged for the repo. Call the lender and try to work something out....it will be better than taking care of it when it is too late and you are being waged. Good Luck


Can a car be repossessed if the lenders name is not on the pink slip and it was sold to another party?

Who cares? Let the lender repo it, then sue 'em. File charges for stealing the car. Really, why would a lender even think they can repo a car that they have NO security interest in? especially if they never loaned any money on the car?