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Are/were you listed on the TITLE as leinholder? Do you have a written contract listing the vehicle as collateral? If no to these two uestions, you should call a local attorney NOW.

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โˆ™ 2015-07-15 19:12:12
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Q: How do you repossess a vehicle in Texas when the purchaser has sold the car to a third party before payments were made in full and are now delinquent?
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Related questions

Can a vehicle be taken by police for delinquent payment?

Can a vehicle be taken by the police for delinquent payments.


What do you need to repossess a vehicle in Nevada?

You have to posses the title on the vehicle and the documentation that there is a default in payments.


Can a car be repossessed if two names on title and one person took out loan?

Yes. How many names are on the title and/or the loan means absolutely nothing... so long as there is a lien on that vehicle, that lienholder is the sole lawful owner of that vehicle, and can repossess it as recourse for delinquent payments.


Is it legal to repossess a vehicle for late fees and not regular vehicle payments?

Yes. Any amounts owing.


If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?

Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.


Can the bank repossess a vehicle even if the payments are current?

Not IF you reaffirmed the loan with the creditor.


Can Ford deactivate the on board computer if you are behind on your payments?

No. They can, however, repossess your vehicle


You have paid your car payments but have late fees can they repossess the car?

Yes, late fees indicate that payments were not made on time, which renders the original agreement invalid and allows the lender to repossess the vehicle if they so choose.


If you are delinquent on payments and the debtor threatens repo and you bring the car current can they still repossess?

If they just "threaten" you, and you bring it current, then no. But.. if they send you a letter threatening repossession and calling the entire note, and you do not pay the entire balance on the note, then yes they can take your vehicle.


Can a used car dealer repossess a car that is not in delequent of payment?

No, and why would they? If the payments are up to date and have been made on time, there would be no reason for the dealer to repossess the vehicle.


Your father died and had just bought a new vehicle what happens with this vehicle will the bank take it out of his estate?

The bank can repossess the car if payments are not made.


After filing chapter 7 you did not reaffirm your car loan what happens now?

2 factors: 1. Are you current on your payments? - if you are not current on your payments the creditor will most certainly repossess your vehicle. however you will not be liable for any deficiency amount. 2. Who is the creditor? - Most creditors will gladly continue to accept payments on the vehicle and not repossess it. however some creditors such as Ford Motor company will repossess regardless of whether or not you are current.


How many days must a vehicle loan be late before it is repossessed?

They usually repossess when you miss two or three payments. They seldom repossess if you've just missed one.


If your cosigner defaults on other loans but you are making your payments can they repossess your vehicle?

No. You are the primary borrower and are honoring your financial obligation.


Can a bank take a car that some else as a lien on?

Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.


How many payments can you miss before they can repossess your vehicle in Texas?

Legally, only one. But your contract will tell you more.


Can you repossess a vehicle in which you are the co-buyer if the primary is not making payments on time and you already made a payment?

It appears you co-signed so you are out of luck. You are then considered the lender and took the responsibility of the loan. Legally, if this person kept up their payments there is nothing you could do because the vehicle is theres. However, they are delinquent on keeping payments up, so go to the banking institution or whomever you dealt with and tell them you want to continue payments, but want the vehicle. They will advice you on what course of action to take. It depends on how the vehicle is registered/titled. If you are listed as an owner, you have the right to have the vehicle picked up. In most cases, the co-signers are not listed so hopefully you were smart enough to be listed as an owner.


Can a car be repossessed if you are two payments behind?

Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.


Can the lien holder repo my truck when payments and insurance are current?

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.


How many payments in the state of Texas can you be behind for repo?

Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.


How can i repossess a truck and recreation vehicle?

First, you need to have a lien on the items in question, and the purchaser must be noncompliant with the stipulations of the contract. If you don't plan on taking possession of the vehicle's in question yourself, hire a recovery agent to do it for you.


How many days do you have to be behind in your payments in New York before they can repo your car?

As soon as you have defaulted on the loan, a creditor can repossess your car. So 24 hours after you have failed to pay, they can repossess your vehicle without notifying you.


Can a company repossess your vehicle if your payments are up to date?

Not legally, but if you bought the car from Barney's backyard sales & mower repair, maybe.


In Texas do they have to inform you before they repo your vehicle?

It is probably stated in your finance or lease agreement that if you don't make your payments on time that the finance company has the right to repossess the vehicle. Consider yourself informed. Long story short, if you don't want your vehicle repossessed you need to make your payments.


Can the dealership charge you with auto theft if you are in default on your payments?

Not if you are on the title to the vehicle and own it. Whoever holds the loan on the vehicle can repossess the car however if you are late with payments. Contact the lender and work something out. You do not want your car repossess. Credit will be ruined for 7 years, and you will still have to pay the repo fees plus the difference in the balance on the note and what the car brings when they sell it.