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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.
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Does the bank have to provide notification of a vehicle repossession?
No. And neither does the repo man!
What is the yearly salary for a 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.
Can a repo man move other cars parked around it the repo car to get it?
No. A repo agent is only permitted to move and enter the vehicle which they have an order for repossession on.
In North Carolina can a repo man repo your car from a repair shop with a bill that is still owed?
Yes. A repossession agent can secure the vehicle anywhere he finds it with some limitations, provided he has a valid order for repossession.
Can a vehicle from pa be registered in Fla if its up for repossession?
It can be registered, but the repo man is still coming for it.
Can a repo take place at your work in Florida?
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.
Can a repo man proceed with repo after being ordered off property if he does not have a court order?
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.
Can they repo another vehicle for ransom my daughter was told this by the repo man?
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.
A business starting with R?
Radio station Repossession specialist (Repo man) Realtor (Realty or Real Estate business) RadioShack
Can a repo man ram your vehicle while you are still in it?
No. You can not be pulled over or forced out of your vehicle during a repossession. It has to, by law, be accomplished "peacably."
What is peaceful repossession mean?
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.
How much does a repo man make on a plane repossession?
it varies across the country but they typically make around 6% to 10% of the planes total value
