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Repossession
North Carolina

How long can a vehicle sit in your yard after a notice of repossession before you can claim it as your property in North Carolina?

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2015-07-15 19:46:48
2015-07-15 19:46:48

Until the DMV will give you title to it. TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: North Carolina Division of Motor Vehicles, Vehicles Registration, 1100 New Bern Avenue, Raleigh, North Carolina, 27696. Tel.:(919)733-3025. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Title and Repossession Affidavit, Out of State Repossession titles and affidavits are accepted. PLATES: Remain with the debtor. Give them a call.

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You need very good proof it was not damaged before the repossession. Nearly impossible to do as he can say it was damaged when he got it (and he will, believe me).

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I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.

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The person(s) whose name(s) appear on the title of the vehicle should remove the license plate(s) before the vehicle is impounded by the repossession agent.

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Yes, it is true that repossession agents must verify VINs before taking a vehicle. They have to be certain that they have the correct vehicle.

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No months. It will be more like weeks or days. In practice, you can be one day past due and the lender can send your vehicle for repossession. It might be months before the actual repossession happens; it will depend on how difficult it is for the agency to secure it.


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