answersLogoWhite

0


Best Answer

in nc i voluntarily repoed if you call i that because of the bad economy it was either let the vehicle go back or my home now they are going to sell my home to get what is left owed afterauction

User Avatar

Wiki User

โˆ™ 2007-12-09 11:46:53
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides
๐Ÿ““
See all Study Guides
โœ๏ธ
Create a Study Guide

Add your answer:

Earn +20 pts
Q: What happens in a repossessions?
Write your answer...
Submit
Related questions

When was Repossessions created?

Repossessions was created on 2002-02-12.


How long do repossessions stay on your credit report?

Vehicle repossessions stay on you credit report for 7 years.


Where can one find 'Repossessions Stopped'?

One may find information on the subject "repossessions stopped" at the website for Harrington Brooks. They have many services for dealing with debt and preventing repossession.


When do mortgage repossessions occur?

Mortgage repossession occur when you have no money to pay off your mortgage and only happens as a last resort to make up for the payments you can no longer pay off.


Where can one find repossessions of cars for sale?

One can find repossessions of cars for sale from the website Gov-auctions. Simply go to the website , register with them and the will send a list of where the auctions are being held.


How does Chrysler financial handle repossessions?

Chrysler sells their repossessed car at auction.


Does the state of Colorado require a right to cure letter for auto repossessions?

yes


How do car repossessions get paid for?

The financier gets billed, then passes that cost on to the debtor.


What is the law that governs Arizona repossessions?

http://www.azleg.state.az.us/Search.asp Uniform Commercial Code


What is SB Investigations?

They're a recovery agency, dealing in repossessions. A pretty unethical one, at that.


Can you be charged repo fee if car was not repossessed?

No. Keep in mind,however, that there are several different ways to view repossessions. There are voluntary and involuntary repossessions. There are standard and ordered repossessions. It depends largely on the laws of your state. By and large, though, if a repo company has done nothing to recover a vehicle, they cannot charge a fee. If you are the customer, check your contract. If you are the debtor, look up the Fair Debt Collections Practices Act, and the repossession laws of your state.


What will two car repossessions in three years do to your credit?

it will spoil your credit but will be cleared after seven years


How do you get a state license for repossessions in Florida?

The Related Link below is how you'd get a license to repo in FL


Can repo on private property?

Yes, with limitations. Repossessions usually take place on private property.


Why do car repossessions happen late at night?

Many repossessions are done late at night because most cars are home at night. It is often safer for the repo man to work while people are sleeping because people do crazy things when 'their' car is being taken.


Does Pennsylvania allow deficiency judgments on care repossessions?

well britney spears favorite color is pink


Does a reposesion effect your credit ability to buy again?

Repossessions do show up on your credit report, yes.


Whats worse voluntary car repossessions or regular car reposessions?

It's the same on your credit, However it will save you money on repossessions fees if you voluntary Take the car back, because the Lender or finance company wont have to send out a repo. team to recover the car witch cost a lot of money and time. The repossessions will look about the same on your Credit, However it best to voluntary give it back, Because if you cant pay fo it then the right thing is to give it back to the Legal owner! It's the same on your credit, However it will save you money on repossessions fees if you voluntary Take the car back, because the Lender or finance company wont have to send out a repo. team to recover the car witch cost a lot of money and time. The repossessions will look about the same on your Credit, However it best to voluntary give it back, Because if you cant pay fo it then the right thing is to give it back to the Legal owner!


What happens if you voluntary repo a vehicle?

Voluntary repossession" is a term used to describe a situation in which a consumer voluntarily surrenders the property securing a loan, such as an automobile, to the lender that financed the purchase. Voluntary repossessions generally occur when a consumer has fallen behind on his or her loan payments, and decides to surrender the property rather than forcing the creditor to proceed with repossession. Voluntary repossessions occur most frequently with vehicles, but can occur with any type of secured loan, such as the purchase of work equipment, jewelry, etc.


Can the police get involved in a repo?

Repossessions are usually civil matters, the Police would get involved but only to keep the peace.


Can a repoman carry a gun?

Depends on the laws in that state. Conducting repossessions does not grant any special privileges for firearms.


Can a down payment be in a verbal agreement?

No! When working with loans, debts, and repossessions, always get everything in writing.


What has the author Margot Freeman Saunders written?

Margot Freeman Saunders has written: 'Repossessions and foreclosures'


Do you need a federal tax ID number to do repossessions?

Check with your accountant. SSN is the same. TaxID is mainly for corporations, not individuals.


Can a co-signer ask the bank to repossess the property covered by the loan?

No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.