4 years on promissary notes. A judgment occurs when a creditor takes you to court and sues you for money you owe them. They must do this before the statute of limitations has expired for the original debt.
Technically there is no such thing. If the bank controls the title to the vehicle, it's theirs and they can go after it any time they like. * Texas SOL for the lender filing a lawsuit to recover a deficiency between what the vehicle sells for and what is owed by the borrower is 4 years from the time of the sale of the vehicle. (TCPRC, Section 16.004 (a)(3).)
The time frame on debt collection is 6 years in Georgia. Oral contracts are going to be limited to 4 years. The time usually starts from the point of last payment or acknowledgment of the debt.
They usually take them to auction after a brief storage period either at the collection agencies or lending institutions yard.
Call your finance company.
No
no, they will sue you for the balance owed after the sale
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
Instead of having it forcibly repossessed, you call your finance company and tell them you're voluntarily having it repossessed. They may send a tow service to collect it, or they may ask you to take it to the repossessor. It'll be repossessed, auctioned off, and the amount they get from the auction will be deducted from the amount you owe. The finance company may offer a settlement at that point for an amount less than what you owe on that vehicle - that's up to the finance company.
yes because the finance company knows and if you know it may cause problems
no because the storage fee that the finance company charged you was what the repo company charged on the invoice. the finance company had no other reason to charge storage fee's they did not store it
yes
You still have rights to recover the vehicle. The finance company may help you look for it if they're desperate enough to get it back. Even if your car was insured, you would legally have to payback the finance company for the car since you broke a binding finance contract.
If you are not making the required payments to the finance company that holds the lean on you car it may be repossessed. Proof of income is not required or relevant.
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.