It would depend on what state you are in. In Florida, state law requires the repo person to call the local police department when a car has been reposessed, this is done so that they do not waste their time on a stolen vehicle report if you should call it in as stolen. The local Police might know which company repo'd the vehicle. The repo company then is supposed to contact the owner (usually in writing via snail mail) and give them 45 days in which to redeem the vehicle (normally for whatever amount you are behind plus the repo & storage charges fees) or pick up any belingings that were in the car (with a storage fee of course). By Florida Law, the tag is your property so they have to give that to you with no charge.
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.
"YOU" dont, the debtor does. call the lender.
YES,, CALL the lender and find out HOW MUCH it will cost to do so.
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.
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.
Yes, repossessions can (and often do) occur on private property. There are limitations imposed on the recovery agents, and they know how to plan accordingly. IMO, better that car (which is actually the lien holder's, which is why it can be repossessed in the first place) be repossessed while you're at home than while you're out in public somewhere and left stranded.
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.
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.
Technically (and leagally) yes.
Yes it can.
Obvious answer, Yes.
Yes, it can.
No. Absolutely not. If they enter a vehicle they do not have an order of repossession on, they've committed a crime. They may enter the vehicle they are there to repossess, and only the vehicle they are there to repossess.
Usually through a bank or finance company check with your bank they can probably tell you who to contact also check the yellow pages for vehicle recovery companies
Usually, they do not have to tell you what they are about to do to your vehicle. But, the procedure is is that they will sell your vehicle in an auction.
If it's repossessed, it's repossessed... there's nothing to report. As long as there's a lien on that vehicle, the lienholder is the rightful owner of it, and can reclaim their property.
It will most likely go to a wholesale auction where only licensed dealers are allowed to bid.