Can a private person have a car repossessed?
Yes a private person can have a car repo'd but if the car was stolen like you stated then you must report this to your local police and let the piece of trash that stole it go to jail.
Yes, you can have a car repoed. BUT if its been 'stolen" as you posted, wouldn't that be putting a repoman in danger ???That's why very few repo cos. do "private party repos." few people take the time to get the paperwork right, ect. Then they want it done for almost nothing. Its best to leave the "stolen" cars to the cops and the financing to the lenders.
A car that is actually YOURS cannot be repossessed, as it's paid off. If you have a vehicle being repossessed, they're able to do this because it's actually the finance company which owns that vehicle and possesses their title. A recovery agent can, on behalf of the lienholder, go onto private property in order to recover the lienholder's property - with limitations. They cannot cross a locked gate, and they cannot enter a locked building.
How can the cosigner of a car immediately have possession of it after it was repossessed by the bank?
What are your rights when it comes to a car that just has a payment for half of the remainder owed and the private party it was being bought from has repossessed it for personal reason?
If the repossession occurred in a state that does not permit self-help repossession, report the car stolen; it cannot be legally repossessed. Louisiana and Wisconsin are two of these states. If you can show legal possession of the vehicle, and on time payment, report the car stolen. It cannot be legally repossessed in any state unless the debt is delinquent. If you do not wish to involve LEO's immediately, contact the private party who "repossessed"…
After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
Is it true that if your car is repossessed while parked in your yard they have broken the law by coming onto private property?
Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back to you.