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The repossession process of a car usually takes about 6 months

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โˆ™ 2010-02-25 19:28:09
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Q: How long does the repossession process of a car usually take?
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How long does it take for a bank to get the repossession process started?

About an hour. Just long enough to fax 3 pages. They do it every day so they wont have to find out how to go about it. Get your stuff out of the car. Good Luck

Once the loan goes to the repossession department how long do you have before they take the car?

as soon as they can find it

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How do you stop a repossession in process?

Pay the past due amount on the loan or pay the loan in full. In the event you are able to do this, it is a good idea to have the lender contact the repossession agency to cancel the repossession while you remain on hold. If you fail to do this, it could take several hours for them to notify the repossession agency, and your vehicle could still be taken.

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How long does it from a solicitors letter to repossession?

It can take some time but depends on the firm and the pursuer. There are further steps required before a repossession (of a property) can take place. A court order has to be granted. The solicitors letter is the first step in the process for recovering a residential property, as it's slightly different for a commercial (business) property. See discussion area attached.

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Can a repo take place at your work in Florida?

A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.

How long does it take for your car to be auctioned after repossession?

depends you should receive a notice in the mail from the lender as to the auction date and place.

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Can a trailer be taken that is attached to a truck being repossessed?

They can only take whatever it is they have an order of repossession for - if the trailer is not included in their order of repossession, they cannot take it.

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If your vehicle is already up for repossession, it is already on your credit report as a delinquent or defaulted debt.