The right to appeal claiming a fraudulent sale and/or conveyance of the property in dispute.
CALL the LENDER who had it repoed. they know where it is.
In the event the lender obtains a judgment against the original loan, has been unable to recover the debt or staisfy the judgment, and petitions the court for the sale or surrender of other real property, then yes. This is not common in most cases of judgment, but it does happen. Typically the balances owed are very substantial, as the courts are reticent to take such serious action.
IF you payed current B4 it was repoed, then the lender will bring it back, uaually. If it was simply put on hold and repoed, you pay to get it back. The LENDER is responsible for repos.
What MUST be done is CONTACT the LENDER who repoed it. They determine who, what, when and HOW MUCH.
If the lender has obtained a judgment against you, and garnishment has begun, yes. The lender will continue to garnish your wages until the balance of the debt is paid. This could include the remaining balance after the vehicle was sold at auction and all costs, interest, and penalties incurred by the repossession.
3 or 4 options.1. Pay it off completely after it is sold and the lender tells you "PAY US NOW".2. tell Lender you are financially embarrassed and will pay it in installments. (IF you would do that, you would pay them now and not get repoed)3. Pay the lender what you can IF they agree to it.4. Wait until the lender gets a judgment for the balance owed and garnishees your wages.Lucky #5. Declare Bankruptcy.
No, this would be considered a lien loss. Typically this occurs when a vehicle is traded in, previously repoed and resold, or sold outright and the previous lienholder either never perfected the lien, or provided the proper paperwork when reselling it after repossession. If the vehicle is repoed, contact your lender to ensure they did not order it, contact the repo agency who recovered it and report it wrongfully repoed, and demand the name of the lender who ordered it. The vehicle if actually wrongfully repoed must be returned to you undamaged as soon as possible.
No. Repo (or repossession) occurs only when payments are not made on a car loan, or if a collateral conversion is done by a lender with whom you have another unpaid loan, or if the courts permit a collateral conversion in the event of an unpaid judgment.
Contact the lender they will tell you where and when your vehicle is being auctioned.
First, get some sort of proof that it was NOT destroyed before it was repoed, call the lender who had it repoed and askk for repairs to it. If they refuse, call a local attorney.
not sure what your question is, BUT, if you want a car repoed and know the leinholder, CALL the lender.
turning over the title is NOT the only way to record a lien on your car. IF the lender did it correctly, YES, it can be repoed.