if you are feeling as if you want to hurt yourself, or want to hurt others, please call 911 and ask the helpfull operator to assist you, otherwise, check out the library for the NOLO legal books, also available ONLINE NOLO, NOLO, NOLO and then you won't feel so bad...:) be happy, cuz it was a piece of S*&T anyway...just kidding... :)
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.
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
by paying the bill or rebuy it at an aucton
it doesn't matter if the pope takes over your vehicle payments. if he stops making them, your credit is damaged and the vehicle is repossessed.
Yes, and many people do object to their vehicles being repossessed, before and after the repossession. Unfortunately, your objection will have little effect. If you are delinquent or in default on your loan, and the vehicle was used to secure the loan, the vehicle will be repossessed. There are few legal options available to you to avoid this aside from paying the loan current.
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.
Technically (and leagally) yes.
Yes it can.
Obvious answer, Yes.
Yes, it can.
No. Absolutely not. If they enter a vehicle they do not have an order of repossession on, they've committed a crime. They may enter the vehicle they are there to repossess, and only the vehicle they are there to repossess.
Likely you will have to pay the loan off after the lender sells the car. lenders have some legal options that will collect from you.
Usually, they do not have to tell you what they are about to do to your vehicle. But, the procedure is is that they will sell your vehicle in an auction.
If it's repossessed, it's repossessed... there's nothing to report. As long as there's a lien on that vehicle, the lienholder is the rightful owner of it, and can reclaim their property.
Loan and security will always be active against the vehicle. It never goes away until paid or repossessed. Yes, the collateral may be repossessed at any time.
need a 10 day letter after vehicle is repossessed
a lender can do as he/she pleases with the vehicle after 31 days...in the state of Alabama
They have no liability for a vehicle repossessed lawfully from their property.
WE'RE ON OUR WAY!!!!!
the person the vehicle was leased to is responsible as they are the ones that have caused the vehicle to need to be repossessed.
No. Not unless the co-borrower paid the vehicle off and does not have possession of the vehicle. If the vehicle was repossessed both parties are responsible for any outstanding debt.