Auto Loans and Financing

Can a repo man take property other than that used for collateral?


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Wiki User
2015-07-15 18:39:22
2015-07-15 18:39:22

No. If they do, that would be considered theft and that is obviously against the law.


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No, repo persons can not enter your residence without permission and an attached garage is your property.

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Yes, with limitations. Repossessions usually take place on private property.

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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.

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No a repo person can not break into your home to repo your car. Repossession persons can not damage or destroy any property in attempts to take possession of a vehicle.

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Yes, a repo man can take your car in any circumstances. He just needs to find a means to enter the property.

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