If your car has been repossessed in Virginia a redemption state but you have paid the redemption value to the lender how long should you have to wait for the return or release of your vehicle?
The squeaky wheel gets the grease. ONE day is the norm.
Can a vehicle be repossessed if you allowed a military person to take over vehicle payments and he has not paid anything?
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…
If a car that is being repossessed is at a residence of someone else and a vehicle is behind the car to be repossessed can they move it lawfully?
Can your vehicle be repossessed after the loan and security agreement has expired but you still owe a considerable sum?
In pa when a vehicle is repossessed does the finance company have to tell you what their doing with the vehicle?
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).