Repossession companies must give you the opportunity to recover your personal belongings. That being said, they need not do so at the time of repossession. If they store your property for any length of time, the may charge a storage fee. They are not required to hold your property indefinitely either. If you make no attempt to recover you belongings, the repossession company will dispose of it after 30-45 days.
In the state of Florida, we are required under Florida State Statute ch. 493 to do a full inventory of items located in the vehicle at the time of repossession. You are then notified by mail (to the last known address) of the charges and usually company policy regarding when you can pick up your belongings. We are allowed to charge for our agent's time to inventory the vehicle and storage of the property if we choose. It's up to each company to decide what the fees will be. The state of Florida states your tag is considered personal property and is redeemed at the same time as the rest of your personal property.
In most cases, a repossession can keep personal belongs for non payment. The company, however, must release them once payment is made.
They don't charge you to get your personal belongings back... they charge you a "storage fee" for the time they stored your personal belongings. And yes, they can do that.
Yes. Any property left in the vehicle when it was repossessed is additional property, not part of the repossession. As private property, the repossession company is liable to inventory the porperty and store it so that it may be recovered. State laws vary a bit, but the standard storage limit is thirty days. During this time they may assess a storage fee. You, the property owner must pay this fee to recover your property. Property that is not recovered in the time alloted by law may be discarded as the company sees fit.
Who handles ford credit repos in Ocala,Florida 34479?
Yes. The trailer is considered personal property, much like that rod and real you left in the boat, or the motor that was not part of the loan. You will be permitted to claim your personal property for thirty days after the boat is repossessed. You will be charged for the storage of it though.
My mother is 75 and is facing foreclosure on her property. She is concerned of what the mortgage company can seize of her personal property, especially her IRA, annuity and car. What are they legally allowed to take?
You need very good proof it was not damaged before the repossession. Nearly impossible to do as he can say it was damaged when he got it (and he will, believe me).
They aint going to....They try to scare you with that, as long as they have there property there good!!
if it is impounded
It depends on which state you live in, so check the law. In Florida, anything inside a towed or repossessed car is still the property of the owner. The repo company may have a right to take back what property they own by default (in this case, you car for non-payment); however, they have no legal right to keep your other property or charge you for its return. That is considered theft. You can call your local PD or courthouse and they can tell you what to do. If it is considered theft in your state, call the police and they will respond to the repo company to help you retreive your property.
There is no company called Property Exchange. There is a company called Investment Property Exchange Services. This company specializes in protecting personal and business assets which may include real property or stocks and bonds.
A cable company can lay cable on someone's personal property but with the consent of the property owner. Some people will ask for some compensation before allowing this to happen.
After your vehicle has been repossessed, the repossessing company must contact you (often via the creditor) to notify you where your personal property can be recovered. Repossession agents are required to keep the property for thirty days to allow you to recover it, but they will charge you a storage fee, and pretty much every one will require that fee be paid before they surrender your personal property. Regarding an agent of yours being permitted to recover your personal property, it is possible, but may be difficult.
Yes, they do. Within 24 to 48 hours of recovery (depending on the state) the repossession company is required to notify you that your property can be collected and must give you a phone number or other means to contact them. Most recovery agents will charge storage fee on private/personal property and will require that be paid prior to releasing the property.
You're talking about the repossession agent, not the car company or dealer. And no, they have absolutely no authority to detain you. If they try this, file a police report.
only a drivers license
It usually depends upon the repossession company who repo'd the vehicle. In most states, the repossessor has the right to charge a daily fee for storage of personal property so the sooner you can pick it up, the less you will have to pay.
No Way. Its Your Stuff !
No, his company owned them. They were not Shakespeare's personal property.
Depends. If you are at fault, the other insurance company has to cover property loss. Personal property loss is most likely an option (not basic coverage) on your policy.
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.