call the LIENHOLDER and ask. Clue?? were you behind on the notes or in default in any way? Or if you're standing in the parking lot, looking for your car you "Know I Parked right Here." Call the local Law Enforcement. Usually when it's repo'd, the agent that took it calls the county dept and let's them know it's been taken and from where. That way when you call in telling them it was stolen, they can inform you otherwise, as well as cover their own if anything were to happen to them or it.
"YOU" dont, the debtor does. call the lender.
YES,, CALL the lender and find out HOW MUCH it will cost to do so.
need a 10 day letter after vehicle is repossessed
A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.
There are certain strict procedures that an automobile repossessor must follow when he is repossessing your car. The repossessor must notify the police that such vehicle is being repossessed, you did before or after the repossession has occurred. In either case, the police should know right away that the vehicle was repossessed. If this is not the case, then the vehicles like to have been stolen.
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 the whole vehicle off if it was repossessed.
only the last one counts
Pay for the car and get it back, or pay the deficiency after it has been sold.
One could contact CARFAX.
any 24 - 7 as long as they find the car they can repo it.
Start with some type of vehicle history report, such as Carfax.
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be 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.
Mary, the answer is NO. You will have to pay the balance due after the sale price has been deducted.
by paying the bill or rebuy it at an aucton
it doesn't matter if the pope takes over your vehicle payments. if he stops making them, your credit is damaged and the vehicle is repossessed.
Bank or loan company who repossessed it.
As a rule of thumb, you will owe the difference.
Yes, you can. Alot of times they will work with you. They don't want your car, just your money!:)
If it has been repossessed the lender will usually stop all collection activities until the vehicle is disposed of through sale. It is unusual but the lender could decide to keep the vehicle but should they do that than they waive their right to a deficiency.
No. You wanted the custom work; it belongs to you. No one will pay you for customizing your own vehicle.
It might get repossessed.
IF one has truly been WRONGFULLY repossessed, one should not have a problem finding an attorney to take one's case. One is NOT likely to get rich from this case.