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Is there a time limit within which the collateral must be repossessed?


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Wiki User
2004-09-20 20:54:09
2004-09-20 20:54:09

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


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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.

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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.

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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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MSN has a size limit. The file you are trying to send must be must larger that than limit. If it is within the limit then you would need to reinstall msn to rule out probable software corruption

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