0
If you let GMAC repossess your car will they take you to court?
Wiki User
∙ 8y ago
Unless they change the laws, YES they will.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Can a debt collector repo your car is they are not lienholder on title?
No. To be able to repossess any of your property, they must hold a lien on it. If they have no lien on it, they have no right to repossess. Their only option is to take you to court.
Can a bank sue you after repossesion of a car?
After they repossess the vehicle they will sell it for whatever they can get. You are then responsible for the difference in what they sold the car for and the balance owed on the loan. If you do not pay this amount they will take you to court.
How is a court order obtained to repossess a car?
Your lawyer will help you start the procedure.
You want to take the car from the co-owner?
The best way to take the car from the co-owner is to have the car refinanced alone. Once the care is solely in your name, you can repossess the car.
If a creditor garnishes wages for debt can they take your car?
If the debt is on the car, or the car was used as collateral for the loan, YES they can repossess the vehicle!
How far behind in car payments must you be for gmac to repossess yhour car?
I think with any auto finance company you must be 90 days to 120 days delinquent on your loan before they start considering repossessing the vehicle. Beware, within that same time period, your car, truck, or etc.. will be repossessed.
Can a private party repossess a car without a written contract?
People known as Edc's may repo a car if they are in possession of an original court order from the bank
Is a court order needed to repossess your car from your driveway?
In Wisconsin, yes. In LA., most of the time. In the other states, self help repossessions DO NOT require a court order.
Can a bank report a car stolen if in default of payment?
YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.
What is a repair facility's legal responsibility regarding vehicle repossession?
Not sure what you mean. If you are asking if you have a bill from a mechanic and don't pay it, can they repossess the car? Not without a court hearing. If you have a car that is held by a lien and the lien holder comes after the car while it is being worked on, the lien holder CAN and WILL take the car.
How long does it take a loan company to repossess your car after it charges off?
2-5 months
Is it legal to go onto private property to repossess a car?
No, they are allowed to come and take it away.
