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If you need to repossess a vehicle what do you have to give the repossession agent?
Wiki User
∙ 8y ago
Copy of the loan showing the truck as collateral, statement from you saying the loan is in DEFAULT, Debtors info,ect. Varies a little by state. Call one and ask. YOU might want a copy of their REPO INSURANCE in case they mess up.
Wiki User
∙ 8y ago
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What happens when the joint owner sends someone to repossess your car?
The car is secured by the repossession agent, taken to a storage lot, and transported to an auction where it will be sold. Sometimes, in such cases, the party that give the location of the vehicle is paid a small finders fee.
Can you get any belongings in your car that got repo?
They should offer you a chance to get your belongings out of the car when they come to repossess it. Their repossession order covers the vehicle they're repossessing - it does not give them entitlement to your personal belongings.
What is a repossession order used for?
In a repossession order, a lender can repossess one's home if the court approves and grants permission. The judge could either set the case aside or give a repossession order.
What is a order used for?
In a repossession order, a lender can repossess one's home if the court approves and grants permission. The judge could either set the case aside or give a repossession order.
Is there a green warning sticker before vehicle repossession?
Not typically, in fact in several years experience in the industry, I have never heard of such a practice. Repossession, beyond being a waiting game, is a game of opportunity. When the repossession agent finds it, he will take it. The last thing any of them want to do is give you prior warning that they are on your trail, and to give you the opportunity to hide it and make their job more difficult.
What amount of time must a dealer give you before they repossess your vehicle because you heard it was 90 days?
There is no set time when a lender may instigate repossession action. If the contract is defaulted on for even a day, in most states the lender can seize the vehicle, although it is not usually in their best interest to do so.
Can a bank report the car stolen if you dont give the car back?
Sort of. In many states hindering repossession is a crime. It is not exactly grand theft auto, but it is comparible. More often than not, the lender would obtain an order of replevin, a court order for you to surrender the vehicle. When the repossession agent returns with this order, if you still refuse to turn over the vehicle, the law enforcement officer accompanying the agent will arrest you and take you into custody, and then you will surrender the vehicle or remain in jail.
Can your car be repossessed from your work if it is private property in Washington state?
Yes. The repossession agent may recover the vehicle so long as he has free access to it, on private property, public property, federal property (with the proper permits), even a limited (key card) access parking garage so long as he is given access to the garage. Keep in mind that hindering the repossession of a vehicle is a crime in most states. In situations when this has happened, the agent or the lender may seek a replevin. In the event a replevin is acquired, it will be served by a law enforcement officer accompanying the recovery agent, you will be ordered to surrender the vehicle, and your failure to do so will land you in jail and the LEO will supervise the recovery of the vehicle anyway. Your choices then, when a vehicle is up for repossession is to surrender the vehicle voluntarily, or give the recovery agent grief and give him a reason to take it when it is easiest for him and most inconvenient for you. Consider that recovery agencies are in the very specialized business of finding and securing vehicles that those who haven't paid for them are trying to hide. In six years of skip tracing, no one ever got away from me, and there are skip tracers out there far more skilled than I.
What recourse does a used car dealership have if they need to repossess a vehicle in Texas for non payment but cannot locate it?
A dealership willnot need to repossess a vehicle in any state unless it is a buy here pay here type dealership. If this is the case, the dealer should contact a local, private repossession company. Find one of the larger possible companies, this will offer more resources. Then leave it to them. It could take some time, but if you give them all the information you have on the debtor, they will find and secure your car.
Can they repossess your car when parked at a friend's house?
Maybe, it is not possible to give an exact answer without knowing the state of residency. States establish the laws pertaining to the repossession of vehicles and other such creditor actions.
Is Wells Fargo required by law to send a notice before they repossess your car?
No. Their terms and conditions were laid out for you in the contract which you signed when they financed your vehicle. If they do give notice, it's more as a courtesy, and also because they'd much rather you make your payment than to have to repossess your vehicle.
How do you recover a car registered under your name borrowed by a friend?
Tell them to give it back, call in a recovery/repossession agent, report it stolen.
