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Can a lienholder repossess a car if they are on the title and the borrower hasn't paid anything in three months and signed a paper stating they will turn over the vehicle if not paid?
Wiki User
∙ 18y ago
I would think so.
Wiki User
∙ 18y ago
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Can you repossess a car which you sold to a friend with a written contract stating that if payments are not made as agreed car will be repossessed?
YES.
How would an incarsarated family member return a new car to the dealership?
Well first off, it's not like he could get a refund. If he is simply going to let it get repossessed, he can have someone else drop it off & he can send the lienholder a letter stating he is voluntarily letting them repossess the vehicle, along with location of where it was left. Voluntary repossessions avoid additional charges, towing, repossession fees,etc.
Can a repo agent trespass on clearly marked private property in Tennessee to repo a vehicle?
Yes, if they are accompanied by a Sheriff and have the proper documentation stating that the lienholder would like the vehicle recovered.
What is a Mortgage Take Out Letter?
A take out letter is an approval letter that the bank provides to a borrower, stating that you are approved for the final loan on the home once it is completed.
Can a cosigner take the borrower to court for payments the cosigner had to make?
Can they? Yes. You can take someone to court for anything. Collecting is something else. Unless you had an agreement in writing stating that you would be reimbursed, I doubt you would win. Find out what car dealers don't want you to know at dealertricks
What happens to a car loan when the borrower dies and has no will or power of attorney and her kids are left without any documents stating they can now have the car?
The car is still subject to the loan, so the bank has control. Typically the bank will sell the car and pay off the loan, anything remaining would go to her estate.
Can you sue someone for stating a false pregnancy?
Yes, you can file a lawsuit for just about anything you want to.
Your car company has paper work stating that your car was repossessed and sold at auction but in reality you still have possession of the car because they did not want it how do you get the title?
A title will only be given to the borrower when the financial agreement has been paid in full or the lender has accepted a different agreement offer. A clear title cannot be issued to the borrower until the lender/lien holder signs it over.
What does the variable n represent?
It can represent anything. When stating a specific problem, you should clarify what each variable represents.
If you cosigned for a vehicle loan and made the borrower sign and notarize a letter stating that in the event of default on the loan the vehicle automatically reverts back to you how do you enforce it?
Hire a lawyer and if the lawyer can't get it back for you, take them to claims court. You'll win for sure.
Exactly what is a Stated Income mortgage loan and is it riskier than other types?
Stated income basically means that you are not providing proof of your income but you are stating it. The risk is that the borrower may not have stable income and the lender may charge higher interest rates.
You received a letter stating that you won one million dollars Is this a scam?
If you didn't do anything to win it (such as enter a contest), it absolutely is.
