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The main causes of property repossession is for nonpayment of the mortgage or any loans where the property was put up as collateral. If nonpayment occurs the lend has the right to repossess.

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12y ago

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Can you make payments even though your car is up for a repossession?

Yes you can. The main interest of the financial institution or or owner of the property is to have the property paid for.


What are the main causes of the wars going on?

The main causes of WARS is for property, power and authority


Can repossession take place on private property?

Yes. If the property is found it can be retreived.


Can the cosigner repossess property other than a vehicle if the primary debtor is not making payments?

No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.


Can the dealer repossession your car off private property?

yes


What causes a car repossession?

not paying your monthly bill on it


What are the laws on Repossession breaking and entering?

Repossession agents can enter a property to repossess an item if they have permission to do so or if the property is not under the control of the owner. They are not allowed to engage in breaking and entering to repossess an item. If a repossession agent unlawfully enters a property, they can face legal consequences.


What is the process for an FHA repossession of a property?

The process for an FHA repossession of a property involves the lender initiating foreclosure proceedings due to the borrower's failure to make mortgage payments. The property is then repossessed by the lender and sold to recover the outstanding debt.


What is considered an illegal repossession?

Repossession laws vary from state to state. States also have different provisions for different types of property. You would need to be more specific about the circumstances, the property and the state where the repossession would take place. Your question should be reformed to ask, "Is a repossession under the following circumstances legal"? Asking what is considered an illegal repossession is much too broad a question.


Can they do Repossession on your locked property?

can my car be repossesed from my locked back yard


What is the concept of repossession about?

Is is common knowledge that the concept of repossession is the taking back of property by a lender or seller from the borrower or buyer, usually due to default.


What is replevlin?

The judicial method of repossession - in other words most states allow for self-help repossession but when a repossession can not be accomplished using self-help the lender will file an action in court to recover the property