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What are the laws for a personal car repossession when the buying party has defaulted and the title is still in your name?


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Wiki User
2004-07-21 23:59:39
2004-07-21 23:59:39

The laws vary by state. ALL states require that there is NO BREACH OF PEACE in a "self-help" repo. There are some states that require written notice of "right to cure" before repo can occur. Email me if you decide what state you are in. LOL


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There are many things that can happen, depending on what is pledged and the terms of the pledge. Generally, the property that they share is at risk of being liquadated to pay the default on behalf of the defaulting party, unless they cure the breach...perhaps by buying the offenders portion out.

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Personal Choice Party was created in 1997.

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The recovery of a vehicle by a private seller rather than by a lending institution such as a bank.

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