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Mortgages

How many payments must be missed before they repossess?


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Wiki User
2015-07-15 19:11:24
2015-07-15 19:11:24

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!

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That's dependent on the conditions of your loan. Realistically, they can legally repossess it after one payment is missed, if those terms are stated on the conditions of the loan.

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

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

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Its usually 3 months when the bank starts the paperwork and harrassing you to make payments


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