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Arizona TITLE STATE: Yes SECURITY INTERESTS: Shown on title, title mailed to debtor, lien-holder record mailed to lien-holder. LICENSE REGISTRATION: The Arizona Department of Transportation, Motor Vehicle Division, 1801 W. Jefferson, Phoenix, Arizona 85007. Tel:(602)255-7011. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Arizona Lien-holder record or out-of-state title, AZ MVD "Affidavit of Repossession/Bill of Sale" form and vehicle inspection if vehicle not previously registered in Arizona. PLATES: As of 01/01/02 - plates now belong to the registered owner of the vehicle. They remain with the debtor. azleg.state.az.us 47-9609. Secured party's right to take possession after default A. After default, a secured party: 1. May take possession of the collateral; and 2. Without removal, may render equipment unusable and dispose of collateral on a debtor's premises under section 47-9610. B. A secured party may proceed under subsection A of this section: 1. Pursuant to judicial process; or 2. Without judicial process, if it proceeds without breach of the peace. C. If so agreed, and in any event after default, a secured party may require the debtor to assemble the collateral and make it available to the secured party at a place to be designated by the secured party that is reasonably convenient to both parties.

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Q: Is the lender required by law to notify you of the date and place of a private sale or auction in Arizona?
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Is the lender required by law to notify you of the date and place of a private sale or auction?

legis.state.ga go here and search on repossession


What is a private loan lender?

A private loan lender is a lender that is acting on behalf of a privately owned organization or business, as opposed to a government regulated or non profit lender.


What conditions are required for a foreclosure in Phoenix Arizona?

The requirements for a foreclosure in Phoenix, Arizona will vary depending upon the lender your loan is with. All lenders have different criteria for repossessing houses.


What determines if a car will be sold at public auction or a private sale after it is repossessed?

The LENDER. Lenders tend to have deals with auction companies. ALL repo'd cars go to auction, most of which are dealer only. You should be able to ask your bank where it went, then call that auction to see if it public or dealer only.


Can you consolidate Private student loans into federal student loans?

no. you will have to consolidate separately. with a federal lender then a private lender.


Your car was repossessed years ago and you don't have info on the auction sale and how much it was sold for are you allowed a copy of that information from the creditors?

Yes The lender has to provide you with this info.You should demand it from them. The lender is required to provide this only if requested in writing by the debtor.


Do I need to have proof of financing to bid at a foreclosure auction?

To bid at a foreclosure auction you will need a $5,000 cashier’s check payable to yourself , a blank personal check , a valid ID (government issued) a pre-approval letter from your lender or prequalification documents from the auction lender.


Is the lender required by law to notify you of the date and place of a private sale or auction in AZ?

Arizona TITLE STATE: Yes SECURITY INTERESTS: Shown on title, title mailed to debtor, lien-holder record mailed to lien-holder. LICENSE REGISTRATION: The Arizona Department of Transportation, Motor Vehicle Division, 1801 W. Jefferson, Phoenix, Arizona 85007. Tel:(602)255-7011. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Arizona Lien-holder record or out-of-state title, AZ MVD "Affidavit of Repossession/Bill of Sale" form and vehicle inspection if vehicle not previously registered in Arizona. PLATES: As of 01/01/02 - plates now belong to the registered owner of the vehicle. They remain with the debtor. ArizonaRevisedStatutes go to the link and check it out


If you turn in a vehicle to the lender in Arizona can the lender garnish your wages and if so is there a maximum percentage that can be taken?

25%


Can you require the lender to sell your car at a public auction instead of private?

No, the vehicle is not the property of the borrower until the loan has been paid in full. The vehicle belongs to the lender/lien holder who can take whatever action they choose as long as it is allowed by the state law where the vehicle was purchased.


Does a co-signer on a home need to live in the house?

No, unless it is required by the lender. You need to review your mortgage documents.No, unless it is required by the lender. You need to review your mortgage documents.No, unless it is required by the lender. You need to review your mortgage documents.No, unless it is required by the lender. You need to review your mortgage documents.


How can one learn more about a lender's credit source?

One can learn more about a lender's credit source from websites such as Buzzle, Private Mortgage Lending and Private Money Lenders UK. One can also learn about it from Private Loan Lender website and Yahoo website.


How do you get finance for buying property at auction?

Just contact your lender and get a preapproval letter for the amount you can get lending for. then obtain your loan once the auction is final.


If car is at auction lot can you get car back?

Possibly, You need to talk to the lender, immediately.


Where can a person sign up to be a private lender?

In the United States to become a private lender one must sign up with the American Association of Private Lenders. One can do this by following the links and online forms on their official website.


Where can I find a Private lender for business loan?

HERE IS A REGISTERED LOAN LENDER.......CYNAMONLOANS, YOU CAN REACH THEM ON CYNAMONANGEL1@YAHOO.COM.


What happens after the foreclosure auction who has to pay the difference between the amount sold at the auction and the difference of the loan?

the lender can seek a deficiency judgment against the homeowner in court


If your car is reposessed do you have the right to bid for it at auction?

If your vehicle is being sold at a "Public" auction where anyone can go in and bid - then yes you can bid and/or buy your vehicle. Keep in mind that - if for instance - you owe $5000.00 and you buy your car back at auction for $3000.00 - you will still owe the lender the $2000.00 difference. In other words - you are not going to be able to get by on purchasing your vehicle at auction for less than what you owe and then not have to pay the rest to the lender.


What are the repossession laws in New York?

Repossession without judicial process is allowed if the lender has not breached peace. A lender repossessing an automobile must issue a notice to the borrower, and a lender can sell an item via public auction after repossession.


What kind of cleaning needs to be done to a foreclosed home before auction?

Essentially no cleaning is required unless there is some sort of agreement between the lender and the homeowner which the homeowner has agreed to. Beyond that the only requiement is to clear out belongings before the home is auction. The type of cleaning needed to auction foreclosed homes depends on the amount one expects to get at auction. A home can be auctioned “as-is”, but will not get a good price. Unfortunately, in this market simply cleaning a home will not guarantee a better price at auction.


What is a private hard money lender?

A Private hard money lender is what is considered to be a loan shark. This should be your very last resort in obtaining a loan. It is a very risky entitity to get involved with a loan shark.


Is a scale drawing required for remodeling inside a private home?

It depends on the complexity of the remodel. It will be hard to get an accurate estimate from different Contractors without plans and specifications A lender will require these as well.


How long after a repossession can a lender come after you for the money owed still?

When the vehicle is recovered, it is taken to a lot, inventoried, and eventually taken to auction. The amount received at auction is applied to the amount owed, including repo fees and collection fees. In the event the lender obtained a judgment against you for the unpaid balance, they have 10 years from the date the auction proceeds were applied to the loan. If there is no judgment, they have 7 years.


What is Missouri Law for paying off repossessed cars?

The laws for all US states are much the same. In MO. when a vehicle is repossessed by the lender due to a default in the terms of the contract the lender is required to sell the vehicle at public auction for the amount closests to its assessed value. If there is a discrepancy in the amount for which the vehicle is sold and the balance of the loan, the lender may pursue collection for that amount in the manner the law allows, which can include a lawsuit.


When your vehicle is repossessed where does it go?

Depending on who the lender is and how they dispose of repos, it will go to the repo cos. storage lot and then to the auction.