There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.
Only if your car was lojacked by the manufacturer and the repo company have the details to locate it.
If your lien holder repo's your vehicle, they can file a claim against your insurance for damage to the vehicle. The repo company itself would have no claim, because it's not their vehicle.
No one has the right to enter your property to repo a vehicle. I your vehicle is out in the street, then its fair game. If you see the repo man coming but has not hooked up to your vehicle, you legally still have possession of the vehicle. Once the vehicle has made contact with the truck the vehicle belongs to him.
No. because not verifying the vin could lead to a misrepo of another vehicle for which the repo company would be sued.
Only if they do not have the correct paperwork from the finance company whom has the right to repo the vehicle.
When a debtor is behind on payments, NC law allows the lender to take possession of, or "repossess" the vehicle. A repo company on behalf of the lender can take the vehicle at anytime, anywhere that the vehicle is found and accessible. If the vehicle is in a locked fence or garage then the repo company cannot force entry to get to the vehicle.
no because the storage fee that the finance company charged you was what the repo company charged on the invoice. the finance company had no other reason to charge storage fee's they did not store it
YES, they can remove it to any state of their choice
state of Michigan automobile the has abandon for two yrs
If the bank made a mistake they will return the vehicle to you, the repo company is under a hold harmless and work the accounts the banks give them.
You give the repo man the keys to the vehicle and let him take the vehicle.
Either remove it before the repo man takes the car or go to the repo company and ask if they set it aside. Some repo companies put all the belongings in a bag and set it aside for the owner. can a repo company charge me for retrieving my personal property and property that belongs to someone else?
There is no specific law, and there is no need for one - the repo company has absolutely zero legal authority to compel you to do any such thing. If you informed them of where they can find the vehicle, you've done all that's required of you - getting the vehicle is the finance company's problem.
The bank that you have the loan with hires repo men to repossess the vehicle
Yes. If someone damages your property, they're liable.
yes, how do you think they find you and take your car
YES, they are also responsible for items missing from the vehicle, most will cut you a check after some pestering
NO. the repo rate would go to the bottom if they told you. BTW, they already did in the CONTRACT. Look at the DEFAULT clause.
Call the repo company.
I do not understand how you can be in posession of the title when the vehicle is financed. The vehicle title is alwaysheld by the finance company until all payments are made and the loan balance is paid in full.As for locating the vehicle you will need to talk to your son, or let the finance company repo experts locate it and get it back then.
As far as I know, only 2 states require the lender/repo company to notify the debtor. The easiest way to find out the info is CALL THE LENDER.
No, they cannot take a vehicle which is occupied at the time they hook to it. However, if you jump into a vehicle after they've hooked it, then they can't leave, but they can take legal action against you.