YES they can come in the parking lot. YES, if they are smart repomen, they will check the adjacent blocks. Their job is to FIND the car and recover it. If it is not at the POE, they should run the given address. If not there, they run the references add.
NO, the city CANT repossess your car. They can impound it for a violation of a city law. The only one who can repo a car is the LEINHOLDER. THEY can repo it as a result of the city impounding it for the cities reasons. And only repo it AFTER they pay the city and/or impound fees. Yes - they can have it towed for example if it is abandoned on the side of the road and the lender would have to pay the amount due to get it back just to repossess it. Their lien takes precedence over all others.
when repo man repossess the car and was in an accident before you can get it back, what happens
Yes, along with all other costs of the repo.
Absolutely ! So long as he has the correct paperwork - he can repossess the vehicle from anywhere.
Until the LENDER cancels the repo order with the repo company, you are fair game.
In brief, if they can get to it, yes they can.
Yes, the finance company can repossess the car from the body shop. They would likely wait for the car to be fixed before they repossess the car.
YES, as long as the car is collateral for a loan, they can repo it.
As long as you are in DEFAULT of the contract, the lender can repo the collateral.
ONLY if your name is on the TITLE as co-owner or leinholder can you "repo" the car.
The repo company will remove personal items from vehicles they repossess. They'll typically charge a storage fee for you to retrieve those items.
No it is breaking and entering.But that does not mean they won't try.After they get the car it is theirs so even if you get the repo guy/lender for B+E they still keep the car.
The bank that you have the loan with hires repo men to repossess the vehicle
You can repo your own car but you cant start a business without a license.
As soon as you have defaulted on the loan, a creditor can repossess your car. So 24 hours after you have failed to pay, they can repossess your vehicle without notifying you.
The DEALERSHIP won't repossess the car, but the lender might if you don't make the monthly payments as scheduled.
No. To be able to repossess any of your property, they must hold a lien on it. If they have no lien on it, they have no right to repossess. Their only option is to take you to court.
If the vehicle is behind a LOCKED, gated area, or in a garage, then yes, they (whoever is reposessing), can go to jail for trespassing. If the car is out in the open i.e. on a curb, in the driveway that's not gated, in a private parking lot (not gated), in a private parking deck, then they can and will repo the car, boat, anything that they have a court order to take for nonpayment. They can get anything that is out in the open. If they can see it, they will take it.
They don't repossess cars that are paid off. So your best bet is to call them and see if they want to deal with you. Usually, if they've gone to the trouble to repossess it, they won't deal with you.
The lender has to get the STAY lifted before they can repo.
If you have failed to make payments on time and they repossess the car then you have no legal claim to the car. They can sale their car when and how they choose to recover their investment.
Do you have a contract with a "repo clause" in it? Anything about what will happen if the debtor is in DEFAULT? Do you have the means to actually repo a car? truck, tools, location of the car, etc? Does your state require a "right to cure" notice? Lots of variables here.
IF your name is on the TITLE, you go get it. If not on the title, call the lender and make arrangements for them to repo so you can have possession of the car.
People known as Edc's may repo a car if they are in possession of an original court order from the bank
In North Carolina, a lender can repossess a car when just 1 payment is missing. They can also repossess it if you let the insurance lapse and are current on your monthly payments.