So, if I'm getting this right, the car is yours..pink slip and all. You call the police and report it stolen. Document all of the times you have tried to get it back, and have dates and times.
Yes. If the lien is valid, a written contract is not necessary and the holder can legally repossess the vehicle in conjunction with the existing laws of the state in which the vehicle is located or in some cases where it was sold.
They will not repossess a vehicle unless you have defaulted on the loan. Defaulting on the loan is being late with the payments. Call the lender and talk to them.
You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.
Whether or not a lien holder can repossess a car if there is no insurance depends on the contract, local law, or both. In this state, a verbal contract is valid. You will need to check local law.
Whomever the lien holder has hired for that purpose. Providing you have defaulted on the payment terms of your contract.
Yes, a person can sell a car and remain a lien holder until all the payments are made. This is done once in awhile and works well if you don't have to repossess your car.
No. The lienholder is the only entity with a right to repossess.
If you are the lien holder, yes.
You can repossess a car from from any one as long as your down as a lean holder on title. If your name is not on the title as lean holder than you can't take the car.
Annuities are contract sold by an insurance company designed to provide payments to the holder at specified intervals, usually after retirement. The holder is taxed only when they start taking distributions or if they withdraw funds from the account.
Yes, unless there is a another previous lien holder.
sure can if they have a title too
It would be the previous owner's loss.
A fixed income annuity is a type of insurance contract where the insurance company makes payments of a preassigned amount to the holder of the annuity, the annuitant.
The Lien holder can repossess the car any time the owner has violated the contract. Violations could be but not limited to:Late or missed paymentsNot insuring the car as agreed in the contractWhen repossessing the repo guy can not trespass nor use intimidation or threats. But you need to give up the car immediately as once you are officially notified the lender can take further legal action and possibly charge you with theft.
From what you describe it has no legal grounds on which to repossess your vehicle unless you missed some provision in the contract that has been breached. You may need to obtain a release of the lien from the lien holder to clear the title. You should try to contact the consumer division of your state attorney general for more information. If possible, you should get some advice from an attorney and act as soon as possible.
A life insurance annuity contract which provides future payments to the holder (the annuitant), usually at retirement, the size of which depends on the performance of the portfolio's securities.
An Authorized Recovery agent working on behalf of the lien holder can repossess the vehicle from the lessee. It is Illegal in the state of Indiana for someone who works for/ at the car lot or for the lien holder to repossess a vehicle under the car lot/ lien holder's company name. The duty of repossessing a car must be hired out to a recovery agency.
If there is money owed to the lender with the vehicle used as collateral, the lender will be shown as a lien holder on the title and can if the contract is defaulted recover the vehicle according to the laws of the state in which it is registered. yes
If you don't have a "contract", you aren't a leinholder. A lienholder must have a contract and have filed the notice with the county recorders office and the title must state you as the leinholder. If the person is named on a title as a lien holder he or she has the legal option of repossessing the vehicle as it is determined by the laws of the state where the vehicle is registered.
Think about it, the car was NOT in their possession, so how can they report it stolen? They cant. Its a CIVIL matter NOT criminal.
It depends upon the exact wording of the title of the vehicle and if there is a written contract or a witnessed verbal agreement concerning the terms of the sale. Generally the title holder can recover a vehicle under such conditions. The best option is to obtain legal advice before taking any repossession action.
No. However, in the case of a foreclosure sale (or any sale), the first lien holder will always be made whole (paid completely) before any sale proceeds are applied to the subordinate liens.