In most states, you as the debtor have thirty days to redeem the vehicle after repossession. This can vary slightly from state to state, and most repossession agencies prefer to turn vehicles around as quickly as possible.
In some states under some conditions, YES. It depends on how many times you have been late, repoed, in default, the terms of the contract you signed,ect.
three months
If a vehicle has been legally repossessed, then the bank has absolutely no obligation to give it back to you. Ever. But many banks will work with you in rder to get the loan repaid, but from a legal standpoint the bank has ownership at that point.
The result has been released two days back
once you are 90 days down they can start with a foreclosure.
Legally, ONE.Actual practice?? 3-60
THis may be cvered under Consumer Law. However, providing that the car has been legally re-possessed it is not a criminal matter. If the lender repossessed the automobile I would contact them ASAP and make some arrangement to become current with your payment. Possibly, they may release the car back to you.
Actually one, I have repossessed cars for BMW where there customer was three days late. it all depends on the states laws I have a website that may help you avoid having your car repossessed. www.stoptheREPOman DONT LET TTHE BANK TAKE YOUR CAR BACK!
one time, be careful
Typically you will have up to thirty days to redeem any vehicle that has been repossessed. There are some variation that may reduce this time, so it would be best to contact the respossession agency who secured it.
The length of time that a car payment can be late without being repossessed will depend on the bank or car dealers agreements. Payments made after a month may be in jeopardy of being repossessed.
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