Unless the phone calls reach the level of criminal harassment, contain threats, or are in violation of a court order, anyone is permitted to call anyone.
Typically, however, the person who actually repossesses an item after a default is a subcontracted individual, hired by the financing or collections company. The person who actually performs the repossession does not make calls (except as necessary to locate the property). If you are still receiving calls regarding the property, it is most likely from the financing or collections company. Often, after an article is repossessed and sold, the proceeds from the sale of the article are not sufficient to satisfy the outstanding debt. In this case, the collection company would continue trying to reach you in order to recover the remaining balance.
No. And neither does the repo man!
Repossession agents are not typically paid a salary, nor are they typically paid hourly. Repossession is a per unit business. That is, the repo man is paid by the vehicles he recovers. Amounts vary by the individual business.
No. A repo agent is only permitted to move and enter the vehicle which they have an order for repossession on.
Yes. A repossession agent can secure the vehicle anywhere he finds it with some limitations, provided he has a valid order for repossession.
It can be registered, but the repo man is still coming for it.
A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.
They can if they have an order for repossession. You can ask to see the order, and if they do NOT have the order, then they can not take the car. The repossession would become invalid without the order to take the car.
No. The only vehicle that can be repossessed is the vehicle for which the agent has a valid order of repossession, OR in some cases, a vehicle the agent encounters (such as reported by a camera car) in the process of locating another repossession. Anything other would be wrongful repossession or possibly grand theft auto and extortion.
Radio station Repossession specialist (Repo man) Realtor (Realty or Real Estate business) RadioShack
No. You can not be pulled over or forced out of your vehicle during a repossession. It has to, by law, be accomplished "peacably."
You go the the loan holder and hand over the key or the repo man knocks on your door and you hand over your keys peacefully.
it varies across the country but they typically make around 6% to 10% of the planes total value