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IF your name is on the TITLE as buyer or cobuyer, you have the right to POSSESSION. Do you know where the car is? Do you have a key?

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โˆ™ 2015-07-15 18:35:51
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Q: Can an original buyer repossess a car after a verbal agreement which is in the first month of default for nonpayment?
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Related questions

What can a creditor do if you stop payments on a secured loan that was not reaffirmed?

Repossess or foreclose on the secured property if the agreement is in default.


If I default on my personal loan agreement, can they repossess my collateral?

Your property can be subject to repossession if you default on a loan. This can be the case if you put up part of your collateral as a guarantee for your loan.


Can a lender repossess a vehicle without reaffirming the original lending agreement with the borrower?

Yes. Once the original contract is in default the lender can begin repossession proceedings under the UCC laws. In the majority of US states the lender does not need to notify the borrower or obtain a replevin order from the court.


Will the government repossess your home for student loan default?

No, they will not.


Can they repossess your car if your living in it?

yes, it is a default on a loan


Why does a loan become callable?

A Federal student loan is considered in Default at 270 days of nonpayment.


What is the synonym for the word default?

dodge, evade, neglect, deficiency, lapse, omission, dereliction, nonpayment


What circumstances other than overdue payment permit a creditor to repossess collateral?

The answer to this question depends on your contract terms. Usually, a contract will spell out what constitutes a default. The contract should also say that if you default, they can repossess the collateral.


How long does a creditor have until they repossess a vehicle?

A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.


Can they repossess your car if your bank account is in the minus?

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What do you need to repossess a vehicle in Nevada?

You have to posses the title on the vehicle and the documentation that there is a default in payments.


If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?

Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.


If you gave your son a vehicle and put yourself as a lienholder on the title can you legally repossess it?

Do you have a contract or agreement that says he will repay you? Has he breached that agreement and is he in DEFAULT of it by not paying? If so, yes. (General rule for the future: Have your child sign a contract for any money you "give" him, like any lender would do.)


Is it illegal to repossess a vehicle in Texas?

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If the dealer accepts partial payment can they still repossess your car?

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What does default mean in DS?

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In Maryland can a finance company repossess a vehicle that is 38 days in default?

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In Oregon if you make a payment on your loan can they repossess 2 weeks later if the payment only brings the account from 90 to 30 days past due?

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Can they repossess your car the day after they receive a partial payment?

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What kind of agreement is a credit default swap?

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My car loan is in default due to nonpayment how do I get it out of default and keep my car?

pay your bill Paid 3 months back current payment due and bank has issued repo Who can help until can get caught up


What does foreclousre mean?

legal proceedings initiated by a creditor to repossess a house or another property due to a loan in default.


Can a bank repossess if the borrower defaults and there is a cosigner on the vehicle?

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If you are in default and the company has agreed to a monthly payment but won't submit it in writing can they still repossess the car?

If you do not make the payments agreed to in the contract, on time, the answer is yes. if they agree to accepting a payment get it in writing ,then you have them.otherwise your screwed they will lie and tell you anything to get the car If it ain't in writing it ain't no agreement.