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What else can I help you with?
What are the proper steps to repossess a motorcycle you financed for a friend?
depends on what state you are in.
What happens to a person if they hide motorcycle that is being repossessed?
Nothing will happen to a person if they hid a motorcycle that is being repossessed. Eventually, the company that is trying to repossess will either give up or find you. They will use all tools at their disposal depending how much is owed at the time.
What should you do if the lender obtained a judgment to repossess your motorcycle eight months ago and they have yet to pick up the motorcycle and you are in Wisconsin and the lender is in Texas?
Nothing..... it is the responiblty of the lender to arrange someone in your state to repo the bike (or car). Keep your insurance on the bike just in case something happens to it in the meantime.
What is a motorcycle lien and how does it affect the ownership of a motorcycle?
A motorcycle lien is a legal claim that a lender has on a motorcycle if the owner has not fully paid off a loan used to purchase the motorcycle. This affects ownership because the lender has the right to repossess the motorcycle if the owner fails to make payments on the loan. Once the loan is fully paid off, the lien is removed and the owner has full ownership of the motorcycle.
What happens to a motorcycle jumping into midair?
Nothing happens! Nothing happens!
How does a private party registered owner in CA repossess a motorcycle from someone who is living in another state?
re-run. see above post
What happens if you have a clean title and loan is secured can finance company still repossess?
Maybe
What happens if you don't pay your car loan?
The repossess the car, can get a judgment against you and your credit is badly damaged.
What happens if you cover your motorcycle wet?
If a motorcycle was covered wet, there is a chance it could rust. Always wipe the motorcycle dry before covering if possible.
Can a credit card company suzuki reposses a motorcycle if the title has no liens?
If you bought the bike on credit and miss the payments, they can and will repossess the bike and sell it at auction. Just like a car.
Can i Legally repossess a motorcycle that is in my name legally?
To repossess vehicles one must be licsenced to repo, check your state laws. Some law enforcement entities can be of help if the bike is in your name. But to go and take it yourself opens up a world of legal problems if the party you take it from wants to pursue the issue.
Is a motorcycle considered nonexempt property?
Yes. A judgment creditor can execute a forced sale of the motorcycle to recover monies owed. If there is still a loan lien on the cycle a forced sale would be very difficult. Also, the loan holder/lender can repossess the motorcycle under the same laws that apply to other vehicles if the borrower defaults on the lending contract.
