Can you be arrested and charged with a felony for not turning over a repossessed vehicle?
YES,in most states it IS a felony to conceal mortaged property.It doesnt matter if it is the debtor , a loved one, or a stranger. If you could just hide a car and not pay for it, think how many cars would NEVER be paid for. Wouldnt that be nice? FREE CARS.. not in this lifetime. Just pay the notes or give up the car.
Your jeep is in repossision but your ex wife has the jeep and the can not find it can you be arrested it is in your name?
Can a person be charged with grand theft auto under repossession if the vehicle can not be repossessed?
Your vehicle was repossessed and the finance company charged you ''storage'' fee on the invoice to get your vehicle back can the repo agent still charge for storage?
When a vehicle is repossessed it is sold at a public auction for the fair market value (or as close to such as is possible). The borrower/debtor is responsible for any deficit in the amount between what the vehicle is sold for and the remaining balance of the loan contract plus additional fees such as cost of the repossession action. So, in that context, the person is responsible for the "full price" of the vehicle.
Can you sue for wrongful repossession of a vehicle when loan was paid in full over a month and a half ago?
You can be arrest, yes. Would you be? Doubtful. Very stupid thing to do in any case. Thanks for the reply. What I REALLY meant is... if you DID hide a car that was going to be repossessed, then came to your senses and gave the car up, is there still a possiblity of being arrested for hiding the car in the first place? Thanks...
If you cosigned for a vehicle with your husband before you were divorced and are now divorced and the vehicle is repossessed can you be charged with grand larceny?
Can a vehicle be repossessed if you allowed a military person to take over vehicle payments and he has not paid anything?
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay…
If a car that is being repossessed is at a residence of someone else and a vehicle is behind the car to be repossessed can they move it lawfully?
Not unless it can be proven that the firearm is linked to the occupants of the vehicle - either by fingerprint or DNA evidence. The 'burden of proof' is on the police to prove you, and the firearm are linked. Added: "Charged" and "arrested" are two entirely different matters. You can be arrested because the officer has PC (probable cause) to believe that the firearm just didn't sprout up from the ground alongside your vehicle…
Can your vehicle be repossessed after the loan and security agreement has expired but you still owe a considerable sum?
What can happen if you are sitting in the drivers seat with the car running and you have a suspended license you get arrested?
In pa when a vehicle is repossessed does the finance company have to tell you what their doing with the vehicle?
Yeah - you'll be charged with theft of some form. If the vehicle has a high enough value, it could amount to Grand Theft. When there is a lien on your vehicle, you don't actually own it - the lienholder does. If you fail to make your payments, the lienholder has a right to repossess what is already their property. You try taking it back, you're committing theft. You've lost any and all rights to…
No, provided the contract was entered into legitimately by you, and in some states you do not attempt to hinder the repossession of the vehicle. In the event you entered into the contract fraudulently, you can be charged and arrested for fraud or attempted fraud. In the event you attempt to hide the vehicle or prevent repossession, you could be charged with hindering the lender, or in some instances for auto theft.
You are entitled to any property that is not physically attached to the vehicle. In many states, you may remove after market speakers you have installed, provided doing so causes no damage to the vehicle. You will be given only thirty days to recover private property after the vehicle is repossessed.
The owner of a vehicle that has been repossessed, cannot afford to make their payments, so it makes sense that they cannot afford to perform the required scheduled maintenance on the vehicle. This is not always the case but IMO, I would never buy a repossessed vehicle, unless it had extremely low mileage of say less than 20,000 miles.
If you have multiple vehicles, chances are they are not on the same loan. If you default on 1 loan and are current on the other they cannot repo the other vehicle. If they threaten you with they will repo your other car, or threaten you with saying such as you will be arrested. I suggest you contact an attorney and save any and all messages.
In New Jersey, it is the responsibility of the person who registered the vehicle. When the vehicle is repossessed, the person from whom it was taken will be contacted to allow them to pick up their belongings. At this time, they will be given the plates as well as any other personal items left in the vehicle. They can then be returned to the agency.
Is it legal in the state of New York to be charged a fee to collect your personal belongings from a repossessed vehicle you don't plan to get back?
Yeah - you'll be charged with theft of some form. If the vehicle has a high enough value, it could amount to Grand Theft. When there is a lien on your vehicle, you don't actually own it - the lienholder does. If you fail to make your payments, the lienholder has a right to repossess what it already their property. You try taking it back, you're committing theft. You've lost any and all rights to…