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What happens if you are no longer in possession of the car that is being repossessed?
Wiki User
∙ 2011-09-13 12:00:18
YOU are responsible for the car to the loan is payed off. The more it sells far after repo, the less you will have to pay later. get the car back, clean it up, and give it to the lender. WHY??? Folks who drive cars that don't cost them anything usually don't take care of them and the car isn't worth much when it gets to the auction. Basically you are GIVING them money that YOU will have to pay back. Its NOT good.
Wiki User
∙ 2011-09-13 12:00:18
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What happens to an unpaid parking ticket when the car is being repossessed in Miami and the plate no longer exists?
The ticket remains the responsibility of the person who had the licence plates registered to them at the time the ticket was issued.
Can you go to jail for being a Minor in possession?
Happens every day.
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.
Can a repossession agent take a car without telling you where it's being held?
Yes. When the vehicle is repossessed it no longer belongs to you and there is no requirement to tell you where it will be stored.
What happens after a repossession?
After a repossession, you will need to pay a fine usually. For example, if this was a car being repossessed, you would have to pay a certain amount to get it back.
What is Georgia law against hiding car from being repossessed?
The only way to hide a car in Georgia if facing being repossessed is by filing chapter 13. If you have filed for chapter 13 it is legally ok to hide your car from being repossessed.
Can you take possession of the car if the borrower stops making payments even though they have been paying for a year?
Only if your name is on the title, and only if the primary borrower defaults and the vehicle is subject to being repossessed by the lender.
What happens when you take a car out of state when it is being repossessed?
I can can be legally repossessed no matter where it goes in the USA. As long as the repossessor can find the car and identify it as the one to be repossessed. It may not be cost effective if it is a long distance unless the vehicle is of greater value than the cost of returning it and paying someone to do that. They can also wait until you return.
Does a divorce decree keep a car from being repossessed?
No
Your car was repossessed after being six months behind and then you get a call from the car dealer after two years trying to repossess the car are you still liable?
If the dealer calls you after the car has been repossessed, then you should inform them that you no longer have the car. They can contact the finance company to verify the information.
Do the police know that your car is being repossessed?
Generally speaking, no.
Can your car get repossessed while being serviced at a dealership?
Yes it can.
