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There is a legal process that has to be followed and it depends on the state you live in. Most local laws require the bank to allow you 10 days to come up with the back payments and any new fees. If that time period has pasted then more than likely the sale was legal.

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โˆ™ 2005-09-09 06:21:38
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Q: Is it legal for the repo man to sell the car to a third party once repossessed?
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Related questions

Can a third party alter a signed document?

Generally, no. Once a document has been signed by the parties it cannot be altered by a third party.

Do you owe for repairs done to a repossessed car prior to auction?

It depends on exactly what you mean, but if you mean repairs done by some third party, generally speaking, no. Once you buy the car at the auction and the title is in your name, you should be clear.

What do you do once your car has been repossessed?

I have a welding machine on the truck they repossessed can they keep that?

How can you have the court appoint a third party executor for Texas estate?

There are several reasons why the court would appoint a third party executor for a Texas estate. You can have the court appoint a third party executor for an estate once all family members that were named as executors are unsuitable to be an executor.

What do you do about your car insurance once your car is repossessed?

Cancel your policy.

Do you have to pay the whole vehicle off if it 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.

When a business hires a third party firm to provide services it once offered itslef it is called?


How many times did Theodore Roosevelt ran for presedent?

He ran twice. Once for re-election in 1904 and once as a third party candidate in 1912.

How many times did teddy run for president?

He ran twice- once (1904) as a Republican and once(1912) as a third party (Bull Moose) candidate.

If I sign an acknowledgement of assignment of judgment am I giving up my right to collect?

If you are the 'creditor' of judgment and you sign for a third party to collect, then YES, your right to collect is given up. Because once that is signed you just signed over your judgment over to the third party, and it is considered THEIR judgment now. BUT you will still get your money judgment from the third party.

Where do repossessed cars get taken in seminole Florida?

They typically get taken to a secure location owned by the repo company. Once the lender has handled all the legal notifications it would be sent to an auto auction that the lender uses.

What makes you as a legal resident of a state?

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What if a vehicle has been repossessed more than once?

only the last one counts

What is a third party candidate?

A third party candidate is one that is not from one of the two major parties but is not an independent. The US has evolved a two-party system especially in the election of the president. However, on occasion, a third-party will arise and run a candidate. These parties are sometimes limited to just a few states and are merely a protest, but once in awhile a third party develops a national following, gets on the ballot in all states , qualifies for federal funding and can have a definite effect on the outcome of the election even though they may not carry any states or have a real chance to win. Usually the third party is devoted to some one issue such as segregation or NAFDA that the main parties agree on or choose not to take a stand on.

How many times can your car be repossessed?

After it's been repossessed once, it's not your car anymore, so... once? If it's repossessed and you're able to bring the loan current and redeem the car before it's sold so that you get it back, there's no limitation on the bank repossessing it again should you again fall behind. This could theoretically happen every single month of the loan, though in practice most lenders would insist that you either pay off the loan in full or give up the car on the second or at most third repossession.

How do you get a guy to contact you once you have told him to stop contacting you?

get a third party involved as a go between letting the other person know your intentions

Is it legal for the repo company to break into your car once it has been repossessed without a key?

The car is not yours, it belongs to whoever got the repo company to collect it. They can decide what happens to the car, if they instruct the repo company to break into it, then that's what will happen.

What are the allegations on queens park rangers?

The club is alleged to have signed a player who also has a contract with a third party. i.e. that the contract signed between the player and QPR is superseded by a prior contract. This happened once before when West Ham 'signed' Carlos Tevez and Javier Mascherano but it was later proven that the players activities were 'owned' by a third party. i.e. West Ham had not actually signed a contract with the two players but in fact this third party. see "Third party ownership in association football" in Wikipedia who have xplained it better than me.

How much time in the state of Kansas do you have once you receive notice that your car will be repossessed before the car is actually repossessed?

One Kansas attorney says 20 days and another says 10 days.

What will happen to a car once it is repossessed?

It will be auctioned off and the bank will want to collect the difference of what it sold for and what your loan was.

Are you still responsible to pay off the remainder of your car balance once it is repossessed?

YES. Read your contract.

How many house payments can you miss before it is repossessed?

once you are 90 days down they can start with a foreclosure.

Is it legal for a repo company to drive your car around in the state of Colorado or wyo they put over 300 miles on my brand new car?

If they have a repo order, that is between them and the holder of the note. Once it has been repossessed, it is no longer your brand new car.

Can your car be considered repossessed and put on your credit report as repossessed if they never picked up the car?

Absolutely. Once the car is considered repo'd it is all paperwork, otherwise you could just hide the car from the lender.

If your car has been repossessed are you required to continue insurance and for how long?

Once your car is repossessed, it is covered by the repo companys and the lenders VERY expensive ins. No need for you to maintain coverage UNLESS you plan on redeeming it ASAP.