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If you have a contract with someone as a private sale and they are now three payments behind what do you need to do to recover this vehicle in Texas?
http://www.panhandlerecovery.com Barry can likely help you Did you have a contract signed between the two of you? Did it state that you could repossess it if they didn't make the payments? If not, you probably need to go visit the courthouse and prepare for a lawsuit against the person you gave the car to.
What else can I help you with?
Is it better to let take someone take over payments with a contract?
depends. but contract is better than no contract
What happens if someone has a loan default statement?
If someone has a loan default statement, it means that the person who took out the loan has not met the terms of the contract, for example they have not met the payments. If this happens then the person who gave out the loan and who the debt is loaned to can take action to recover the money, for example re-possession.
What if someone stops paying in a contract to purchase a mobile home from a private seller?
If a contract was signed, then they need to be taken to court for the amount owed.
Does bankruptcy terminate a contract?
It depends on the type of contract. Bankruptcy does not allow someone to skip child support or separate maintenance payments, but other contracts, such as revolving debt accounts are terminated. Be more specific.
If someone made payments to purchase vehicle and to pay remainder of balance when picking up the vehicle then changes mind is there a refund owed on payments?
No. You are not entitled to a refund if you made payments toward the purchase of a vehicle. In truth, if you signed a contract to purchase the vehicle, that vehicle is now secondary to the contract, you could still be held responsible for the balance of the loan, whether or not you still have the vehicle.
If you sold a car under a verbal contract to someone in California and she registered it there but then moved to Minnesota and won't make payments what can you do to get it back?
Sue her...Or try to talk to her.
If I were to Cosign for someone so they could get a car what happends What is my obligation then?
You could be held liable for the payments if the other party defaults. Your signing the contract is "insurance" for the lender that payments will be made, and they will consider you responsible if the primary party defaults.
Is an obligor someone who owes a duty under contract?
Yes, an obligor is someone who owes a duty or obligation under a contract. This person is responsible for fulfilling the terms of the agreement, which may include making payments or delivering goods or services. In legal contexts, the obligor is typically the party that is required to perform a specific action as stipulated in the contract.
If you have been late on payments several times but never sixty days past due can car be repossessed?
You would have to read the contract to see if someone can "legally" repossess it. But ultimately, there is someone, somewhere who makes a decision. This person can continuously let is slide, or they can just get fed up one day and take, or have someone take your car. They also know that if you cannot afford payments then you will definitely not be able to afford back payments, penalty payments, and current payments all at the same time. Nor, can you afford an attorney.
If someone was given an auto and title with no contract but cannot make agreed payments what are the rights of the title holder or the previous owner?
It would be the previous owner's loss.
Can someone lease a car and someone else make the payments?
Yes, all the bank cares about is that someone is making the payments.
Can someone under eighteen make car payments?
yes, but you cannot sign a contract (so, you cannot buy a car from a dealer, or used car dealer without your parent).
