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2005-03-26 13:07:17
2005-03-26 13:07:17

The squeaky wheel gets the grease. ONE day is the norm.

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A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.


It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.


call the bank, they are the only ones that can release the vehicle to you, good luck :)



Yes, repossessions can (and often do) occur on private property. There are limitations imposed on the recovery agents, and they know how to plan accordingly. IMO, better that car (which is actually the lien holder's, which is why it can be repossessed in the first place) be repossessed while you're at home than while you're out in public somewhere and left stranded.


it doesn't matter if the pope takes over your vehicle payments. if he stops making them, your credit is damaged and the vehicle is repossessed.



Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.



No. Absolutely not. If they enter a vehicle they do not have an order of repossession on, they've committed a crime. They may enter the vehicle they are there to repossess, and only the vehicle they are there to repossess.


Not without a release from the loan company.


Usually, they do not have to tell you what they are about to do to your vehicle. But, the procedure is is that they will sell your vehicle in an auction.


If it's repossessed, it's repossessed... there's nothing to report. As long as there's a lien on that vehicle, the lienholder is the rightful owner of it, and can reclaim their property.


Loan and security will always be active against the vehicle. It never goes away until paid or repossessed. Yes, the collateral may be repossessed at any time.



a lender can do as he/she pleases with the vehicle after 31 days...in the state of Alabama


They have no liability for a vehicle repossessed lawfully from their property.


the person the vehicle was leased to is responsible as they are the ones that have caused the vehicle to need to be repossessed.


Yes.. anywhere. When a vehicle gets repossessed (voluntarily or involuntarily) and it isn't reclaimed, the vehicle gets auctioned... the person who took the loan on the vehicle is still responsible for the difference between what was received for the vehicle at auction and what is owed on the balance of the vehicle (plus repossession, storage, and auction fees).


READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.


If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.


Truthfully a repossessed vehicle sells for what the bank is trying to get out of it and that is usually what is owed on the original loan and sometimes they will accept less for a number of reasons just to get rid of it and that would be damage to the vehicle, age and mileage.


Ones on which the owners are late on the payments. :-)



Only if you intend to get it back.



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