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My suggestions are that if the car is a good car and you want it back and you have money now, call the bank with an offer to bring the note current, and ask about refinancing the remaining balance under more favorable terms. There will be additional charges for the towing and storage.
If they will not cooperate with you, have your attorney write a letter to them saying that your remaining debt on the car was satisfied when they repossessed it. If you still want the car, find out when the repo house will auction it. You may be able to get the car back for less money than you owed. This is not legal advice.
What else can I help you with?
Has anyone ever had their car repossessed by mistake?
Yes, there have been cases where individuals have had their cars repossessed by mistake due to errors made by the repossession company or lender.
Can a disabled person's vehicle be repossessed in Florida?
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.
What is your recourse in Texas if you was paying for a car to an individual who was not making payments to his lienholder and the car was repossessed?
Do you have anything in writing??Cancelled checks???Your only recourse is to sue the individual who took your money.
Can your vehicle be repossessed if you are awaiting to be paid by the federal government?
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
Can you get your vehicle possession after your vehicle was repossessed?
by paying the bill or rebuy it at an aucton
You are actually the ones doing the repo when you picked up the car the guy had kicked in both of the doors what recourse do you have in this situation?
If the debtor kicked the doors of the vehicle being repossessed notify the creditor and document the incident. If it was your vehicle then the debtor may be liable for criminal mischief which is a criminal offense in most states.
Can a vehicle be repossessed if you allowed a military person to take over vehicle payments and he has not paid anything?
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.
Can a car be repossessed if two names on title and one person took out loan?
Yes. How many names are on the title and/or the loan means absolutely nothing... so long as there is a lien on that vehicle, that lienholder is the sole lawful owner of that vehicle, and can repossess it as recourse for delinquent payments.
Do you have to pay the whole vehicle off if it is repossessed?
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.
In Texas can a car be repossessed if it is blocked by another vehicle?
no!
What hours can a vehicle be repossessed in CT?
24/7
Can you trade in a vehicle that is about to be repossessed?
Technically (and leagally) yes.
