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Can you car be repossessed in Massachusetts without notice of default?
Wiki User
∙ 14y ago
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∙ 14y ago
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Does lender have to send notice of default or intention to repossessed before taking the merchandise?
Legally NO!
If you default on a car loan can a creditor take possession at any hour without notice to you?
Yes, they can. One of the stories I've heard was that a car was repossessed from a mall parking lot--full tank of gas and purchases inside.
What is a Notice of Rescission of Declaration of Default and Demand for Sale and Notice of Default?
A Notice of Rescission of Declaration of Default is a mortgage loan that was once in default, and a notice of default would mean that the loans are still currently foreclosed in a way.
What does default notice not entered mean?
What is next after notice of default is entered
What is the Repossession laws in Hawaii?
In Hawaii, creditors can repossess vehicles without court order if the borrower defaults on the loan. However, they must do so without breaching the peace. Borrowers have the right to cure the default before the repossession occurs. Creditors must provide notice before selling the repossessed vehicle.
What does the term notice of default mean?
A notice of default is used to notify a borrower that they have defaulted on their debt. To default on a debt means to fail to repay it. So a notice of default reminds the borrower that he has not made a payment on his debt on time.
What is NOD in a foreclosure notice?
NOD stands for "Notice of Default".
Car was repossessed with no letter of intent sent no notice of actionwas law violated?
Your car can be repossessed at any time without any warning if you aren't making your payments. It is probably in your paperwork in the fine print what happens when you don't make your payment.
How soon after defaulting on a car loan can a creditor repossess your vehicle?
Initially the lender will send out a default notice requesting immediate repayment. There is usually a time frame of 14 days to make this repayment. If payments are not made, the lender can immediately apply to the courts for a repossession order and in theory they can take the car straight away. In some cases this does actually happen and cars are known to be repossessed within days of the expiry of the default notice. In most normal repossession cases you can expect the car to be repossessed within a month or however long it takes for the repo man to find you and the car...
How long does a default notice last?
depends on what it is
Notice of Rescission of Declaration of Default and Demand For Sale and of Notice of Default What does the above notice which was recorded by the county clerk on 5 20 2009 mean to me the home owner?
A written document that cancels or annuls the effect of a notice of default when a default has been cured (reinstated). This document does not require the acknowledgment of a notary public, but must be recorded with the county recorder in the county in which the property is located.
Will your car still be repossessed if you are late two or three payments but pay up to date after you get the default letter?
Read that letter carefully. The one that I am most familiar with clearly states that you have 20 days to make any past due payments and if they are paid you may continue with the original contract, BUT if you become delinquent again, they may exercise their rights without giving you any additional notice. That means from now on you had better not miss any payments, not even by one day, or your car could be repossessed.
