Can an automobile be repossessed in Illinois if the owner is present?

Anonymous

∙ 18y ago

Updated: 8/16/2019

Sure. The owner can't stop the repossession and is aware of the incident, which makes it easier for everyone. * Not if the person is in the vehicle or the repossession agent would be committing a breach of peace, such as appearing at a neighbor's or public place where the borrower was and requesting the keys or another vehicle be moved, etc.

Wiki User

∙ 18y ago

What else can I help you with?

What does repossession of car mean?

When a car is repossessed it usually means the owner is no longer able to make the payments. It is repossessed by the dealer or the bank in which to owner has the loan through.

What has to happen before a creditor can have your care repossessed?

A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.

How do i report a repossessed bike?

If it's repossessed, it's repossessed... there's nothing to report. As long as there's a lien on that vehicle, the lienholder is the rightful owner of it, and can reclaim their property.

What happens if an insured automobile hits uninsured automobile?

the uninsured automobile owner rhas to pay out of pocket for the damage

Can a car be repossessed if the owner dies before the first payment is due?

The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.

What happens if the property you are renting becomes repossessed?

It depends on what the new owner plans to do with your unit. You can ask the current owner if he knows.

Can you be held responsible for repossessed car if co owner had possession of car?

yes you will be responsible.

Owner of car stole it back from repossession company?

If it was repossessed legally then he is guilty of theft

present owner?

previous owner

If car is repossessed does the owner have to still pay original cost of car?

In most cases YES

Can a lien be placed on a home if the owner owes a loan deficiency amount when a vehicle is repossessed?

Yes.

How do you owner finance an automobile?

Transfer an existing loan if buyer qualifies.

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