If a car that is to be repossessed in Missouri has a mechanics lien on it what can happen to the person who was supposed to be buying the car?

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You don't have clear title to it so don't buy it till this mess is cleared up otherwise your money will be lost.
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Where can you buy repossessed cars?

Here is a variety of advice: . If I were you I would check out your county for repossessions to be sold they generally sale for 2/3 of the loan value. . I would NOT buy a car that has been repoed. Simple logic tells me that the driver was NOT doing ANY repairs or even oil changes, before it got ( Full Answer )

What happens when a damaged car is repossessed?

You are responsible for the entire amount that you owe them - (minus) the amount they get for selling it, which won't be much with $6k in damages. They will report it on your credit, possibly try to get a judgment against you so they can garnish your wages or lien your property (these laws vary by s ( Full Answer )

Can a private person have a car repossessed?

%DETAILS% Yes a private person can have a car repo'd but if the car was stolen like you stated then you must report this to your local police and let the piece of trash that stole it go to jail. Yes, you can have a car repoed. BUT if its been 'stolen" as you posted, wouldn't that be putting a rep ( Full Answer )

What happens if your car is repossessed and you are out of the country?

%DETAILS%%FOLLOWUPS% The same thing happens as if you lived across the street from the lender. They notify you by mail what is going to happen(court,auction,ect) and if you dont respond they proceed. No biggie. Not to my knowledge. Search in your browser for "vise + revoke".

Can a broken car be repossessed by a lien holder?

%DETAILS% Paul, as long as there is a lien on the car, it CAN be repossessed. It is up to the lender whether they want to repo or not. Some will, some wont. Your lender can seel the loan to another co. at a discount and the new lender could decide to repo. Good Luck YES THEY CAN...But do they??? It ( Full Answer )

Can a car be repossessed if you have a title that says 'No Liens'?

GEORGIA: Simple answer is YES. Does that mean legally? Not necessarily. I just came into this predicament 4 days ago. When I tried to file a stolen vehicle report, the 911 dispatcher told me the vehicle was repo'd and I needed to contact my lien holder. I DONT HAVE A LIEN HOLDER. PAID off Oct 2008; ( Full Answer )

What happens to personal items in a repossessed car?

%DETAILS%. Answer . South Dakota\nTITLE STATE: Yes\nSECURITY INTERESTS: Shown on title held by debtor.\nLICENSE REGISTRATION: South Dakota Motor Vehicles, 118 W. Capital Avenue, Pierre, South Dakota 57501-2080. Tel.:(605)773-3541.\nRECOVERY REQUIREMENT: As per UCC, repossession allowed without c ( Full Answer )

What happens to items in a car after repossession?

%REPLIES%. Answer . It all depends on the repo, co. Most are privately owned and when the car is repossessed the owner of the car contacts the local police to report the car missing and the police will have a report of the car being repossessed and will let the owner know who to contact(repo co. ( Full Answer )

How do you buy a repossessed car?

If you are trying to buy a specific car, you can contact the bankor whoever holds the lien on the vehicle for more information. Youmay also start online with a free directory search for banks andother financial institutions who are selling repossessed cars. There are also other alternatives. You ca ( Full Answer )

What happens if a car is repossessed?

Answer . \nUnless you contact the bank and work out a solution, they will sell the car. You will then be liable for the difference in what the car sells for and the balance on the note.

When a car is repossessed what happens to its owner?

Answer . \nYour credit is damaged. You are then responsible for the difference in what the lender sells the car for and the balance on the note. It cost you in more ways than one. Don;t let it happen to you. The lender does not want to repo the car. Work out something with them.

What happens after your car has been repossessed?

Answer . You get into really good physical shape from all the walking.....\nno. Seriously, what generally happens is your vehicle will go to the repossession company's storage facility (unless the bank has told them otherwise) and you have a certain amount of time to pay the bank up to get it bac ( Full Answer )

Can you buy another car after a repossession?

Answer . \nYes, you can. My father did this. The thing is, you get a really high interest rate. You could try to have someone co-sign to get the interest rate down a little.. Answer . Yes but why would you want too??save your money and buy a used car outright.Then\nthere are no car payment ( Full Answer )

Can they repossess your car if you have the title with no lien holder?

Answer . If you signed promissory note using the car as security, then yes, they can repossess your car.\n. \nYou need to ask to see the promissory note that "they" have, if you didn't sign a loan using the \ncar as security --Verify that it is your signature and if it is, then you need to prov ( Full Answer )

What happens when a car is voluntarily repossessed?

You do not want your car repossessed for any reason! it will ruin your credit, you will still have to pay for it once it sells for less than what you owe at auction, and eventually a repossession catches up to you! What you can do to save your car is contact *CAR HELP USA* tHIS company will lower ( Full Answer )

What happens to you when your car is repossessed?

Answer . \nOnce it is repossessed, you are ll done with the car and any issues arising from it. Your credit score will take a hit, but that does not mean you can never get anything else on credit. It does mean that your interest rates on a new or used car will be much higher than they normally w ( Full Answer )

If a car has a lien on it and is in an accident what happens?

Answer . The claims check should be made payable to you and the bank or you and the body shop if you are filing against your own insurance. This is done to protect the bank. Usually you can ask for your preference of being made payable to you and thebank or you and the body shop. If you are fi ( Full Answer )


One of two things can happen after the car is repoed. 1. You redeem it by paying the past due and towing fees or 2. You let the lender sell or auction off the car. If the selling price is enough to pay off the loan, then good..your credit it will show the account as a repo with no balance. If the ( Full Answer )

What happens to repossessed cars?

Answer . Once a car is repossessed, the bank resells it at auctions to make back the money lost on them.

If your car was repossessed can they place a lien on your house?

If your car was repossessed and there remains a deficiency on your car loan, there is the potential for the lender to obtain a lien on your home. It must sue you in court. If successful, the court will issue a judgment lien that can be recorded in the land records. In that case, you cannot sell or m ( Full Answer )

If you have a judgment lien can your car be repossessed?

If it's the owner of your car loan and you defaulted then the car can be repossessed . If you have a judgment against you for any other debt then yes, if you own a car it may be seized by your creditor to cover the cost of your debt.

What happens after your car repossessed?

Usually, the car gets sent to an auction center where it will be sold usually at less than fair market value and certainly less than the amount that is owed on the loan. The proceeds of the sale less expenses are deducted from the amount owed on the loan, and the lienholder sues the owner for that d ( Full Answer )

Can car company put lien on house if person is on SSI and can't pay car loan Voluntary repossession.?

Not directly, and not always. In order to put a lien on a house a creditor must have a "judgment" against the person who owns the house. In order to take a judgment, the creditor usually must repossess the car, sell it at a commercially reasonable sale, credit the proceeds (less costs of taking and ( Full Answer )

What happens if your car is repossessed?

Depending on your state law, there are many solutions to your car being repossessed. In all cases, information must give you information about what will happen to the vehicle. 1) Your state may give you the option to take possession back of your vehicle. Some states give you an allotted time to p ( Full Answer )

What is the catch in buying repossessed cars?

The biggest turn-off when buying Repossessed Car: As you already know, Repossessed Car Auction is a great way to buy your new car or other types of vehicle (boat repo auction, RV repo auction, ...); however, it seems almost too good to be true, because the price is very low. The catch lies in the ( Full Answer )

Where can you buy repossessed cars from?

Repossessed cars can be purchased directly from Banks and Credit Unions. Many larger Banks and Credit Unions will simply send the vehicles off to "dealer only" auctions, but most of the smaller Banks and Credit Unions will offer these vehicles for sale on their websites to the general public. If you ( Full Answer )

What do you do if your car got repossessed when it wasnt supposed to?

If it truly was a wrongful repossession, call local law enforcement and report the vehicle stolen. If they notify you that it was repossessed, inform them that it was a wrongful repossession. Next, contact the lender and demand politlely that they notify the repossession agency that the vehicle was ( Full Answer )

What happens after repossession of your car?

You should be told what you need to do to "redeem" the vehicle within a short period of time (30 days usually): pay the outstanding payments, late fees and, oh yes, the costs of repo and storage. If you do not pay, the vehicle is sold at auction for pennies on the dollar, and you will be sued for th ( Full Answer )

If car title does not list lien holder can they repossess car?

Technically, no. The lien must be perfected, that is the security interest must be recorded with the state DMV. It is rather common that this does not occur, and several things can happen. To avoid the worst: First, contact the DMV and get a copy of the clear title. Next, contact the lender and no ( Full Answer )

Can a mechanic repossess your car in Texas?

Yes a Auto Mechanic can repo your car in Texas. Just call a Repo company, they will give you a form to fill out called "Letter of Authorization". You send the "letter of Authorization" form to the repo company along with a signed work order that Mr. Customer should of signed when they dropped off th ( Full Answer )

Is it legal to drive a car that is supposed to be repossessed?

No. Just know that you may stop somewhere to go shopping and find that you are walking home. Also, you should know that if you were to surrender it, there would be less in repo fees and you are more likely to keep any personal belongings that are in your vehicle.

Can you legally repossess your car with a lien on the title?

That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic' ( Full Answer )

Can your car be repossessed if there is not a lien on your car you were not behind on your payments?

If you have no lien on your vehicle then no one has a legal right to repossess it. If you're not behind on the payments there would be no reason for the lender to reprocess the car in the first place. It is hard to believe you have a loan on a car without a lien. The car stands behind the loan. If t ( Full Answer )

What will happen if your car is repossessed in NC?

Either you'll get your payments current plus repossession fees, or your vehicle will be auctioned off, and you'll still be liable for the remaining balance after the auction.

What happens if i buy a car with a lien title from the owner?

A lien title means that the car has a loan against it. If you do not have a "clear" or non lien title, the lender who hold the clear title can and does have the right to get the balance of the loan from you. The purpose of the lien title is to enable the car buyer to get the legal requirement for dr ( Full Answer )

What do I do if my lien holder refuses to repossess my car?

Continue to call them and work out a settlement. Most likely they won't pick up the car if you are in a different state than the Lien holder. They don't want the car they want the money. It will cost them more to pick it up and resale it, than for them to just work out a new payment plan for the rem ( Full Answer )