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None that I know of. i have saw cars being repoed after 3 years of being hunted.

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โˆ™ 2004-09-20 20:54:09
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Q: Is there a time limit within which the collateral must be repossessed?
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Can you repossess a car that you cosigned for if the primary has not defaulted on the loan?

To repossess something, you must have had possession of it at one time or it must be collateral on a loan that you are the lender on. To co-sign only means that you agree to pay the notes if the primary buyer doesnt. Collateral for a loan that is NOT in default cannot be repossessed by the lender.


Can your car be repossessed if there are children's safety seats in the vehicle?

Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back to you.


How much time do you have to pay off on your repossessed car before the lender can sell it?

There is no set time. Once you have defaulted on your loan, and the lender takes possession of the collateral, it is theirs to dispose of as they see fit. That they attempt to sell it at auction is one means of off-setting the debt you created. They must notify you in most states within twenty-four hours that the vehicle has been repossessed, and they must make it possible for you to recover your personal property, but they are not required to store the vehicle for any length of time before selling it.


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Can a disabled person's vehicle be repossessed in Florida?

A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.


What to do if car was roposessed by Toyota financial?

Pay them what you owe, there must be a reason why they have repossessed it


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The time limit to ratify an amendment is seven years. The first time this was imposed was on the 18th Amendment. Congress uses the time limit to avoid amendments lingering indefinitely before the States.


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The level of the customer service must be high standard to make customer satisfied also it has to stay within organisational goal limit. If we go beyond the limit it may cost too much then necessary.


What is it called when property is pledged to assure repayment of a loan?

That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.


Can you sell the engine out of a car that is going to be repossessed?

No, you must surrender the vehicle in the condition you received it in.


Can you find my car by the VIN if it was stolen or repossessed?

There are certain strict procedures that an automobile repossessor must follow when he is repossessing your car. The repossessor must notify the police that such vehicle is being repossessed, you did before or after the repossession has occurred. In either case, the police should know right away that the vehicle was repossessed. If this is not the case, then the vehicles like to have been stolen.


Can a person with a life estate use the property a collateral for a loan without the permission of the remainderman?

Yes, they can use their interest in the property as collateral. But remember that is a limited interest and must be disclosed to the lender.


What can be done to get a repossessed car back?

What MUST be done is CONTACT the LENDER who repoed it. They determine who, what, when and HOW MUCH.


What is meant by collateral lineage to join the united daughters of the confederacy?

Any woman over the age of sixteen, regardless of race or geographical residence, who is a lineal descendant or blood collateral descendant of a Confederate soldier may join the United Daughters of the Confederacy. Both lineal and collateral ancestors must be blood relations. A collateral ancestor is the brother of the applicant's lineal ancestor, i.e. an uncle of the applicant. The collateral ancestor, like the lineal ancestor, must have served the Confederacy honorably or rendered material aid or civil service to the Confederacy. Cousins or the husband of a blood aunt (great, great, etc. aunt) are not collateral ancestors.


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Where can you find a bad credit lender in Van Nuys California?

The Collateral Loan Credit Lender in Van Nuys lends to those with bad credit. You must have some form of collateral in exchange for your loan.


If your car has been repossessed and you have not yet filed bankruptcy can you still be eligible to get the car back after you file?

If the car is gone, the car is gone. The car would only be covered in BK if you still had it. If you file Chapter 13 bankruptcy within 10 days of your car being repossessed, or in some states before it has been sold or auctioned, your creditor must return the vehicle to you.


When must a borrower turn over a car to a repossessor?

According to the UCC of every state, the LENDER can demand the debtor assemble the collateral at a "neutral" time and place to be repossessed. Never happens that way. Just give it up when you get tired of the phone calls, letters, being chased,ect,run out of gas, it breaks and wont run,whenever.


If you let your dad and his wife use your truck for collateral on loan in their name and he died shortly after who has to pay this back to bank?

Well, the estate does. Unfortunately, if there are no funds available in the estate to pay the loan balance, the vehicle must be surrendered or it will be repossessed. To avoid this, you might discuss with the lender options for you to pay ort assume the loan. This will protect your truck from recovery.


Can a motorcycle purchased on credit card be repossessed?

A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.


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How far behind in car payments must you be for gmac to repossess yhour car?

I think with any auto finance company you must be 90 days to 120 days delinquent on your loan before they start considering repossessing the vehicle. Beware, within that same time period, your car, truck, or etc.. will be repossessed.