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My car was repo'd and moved to another state even If I stll have a chance to reinstate it. Can they do that?
Wiki User
∙ 16y ago
Yes. They can take the car wherever they want, it is theirs. If you redeem, you will have to go to where the car is.
Wiki User
∙ 16y ago
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Can your car get repod if you have the title?
If you've used it as security for another loan, yes.
In Indiana is a repossession company allowed to drive your vehicle for personal use on your license plates and keep your personal property?
no they are they can drive it when repod but it has to be taken to a car lot or impound yard and inventory items things in the car that's why its best to keep your car cleaned out and if you know its gonna be repod take it back to your financier you have a better chance to work out a way to get it back and poss. not lose it at all
Can a matured car loan get repo?
Any car you owe money on can be repod, unless you file bankruptsy
Can you be repod for being a week late?
no u can not be repoed a week late must be a 20 days or more
Are you allowed to get property out of car before it gets repod?
Yes, you can remove all personnel property from the vehicle. You cannot remove anything that is attached to the vehicle. Radio, speakers, GPS, etc.
Can you get your medication from a repod vehicle?
Yes, you are allowed to remove your personnel property from any vehicle that has been repossessed. Take proof of ownership to the lot where the vehicle is stored and ask for your property. If they refused call the lender.
How do you find out amount car was auctioned for on title loan vehicle that was repod and auctioned Title company never sent receipts for sale of vehicle or title loan How do i go about getting this?
You failed to payback the loan thus the title company became the owner of the car. You have no rights to information regarding a car that's not yours. I can guess that you believe any addition amount the title company got for the car over what you owed them should be yours. This is not true either because, as stated, the title company was the legal owner at the time of auction and thus retains all proceeds. If the car sold for less than you owed them and they come after you for the difference then they must show you the information you're asking about.
Your car was reposessed for moving out of state even though you were not behind on payments Is this legal I am telling the full story my car was repod for moving out of state and nothing more?
No, and I cannot see how any lender is going to repossess any vehicle that was not behind on the payments. They could care less where you live as long as you make your payments on time. You are not giving the full story. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment. Remember this repossession will stay on your credit for 7 years.
