You are likely thinking of a writ of REPLEVIN. It's a Court Order for the vehicle to be served on the customer for the vehicle.
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
A repossession is a serious negative and will drop your scores.
How much do repossession agents commonly make?
Yes, but perhaps not as adversely as an involuntary repossession.
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
A 'writ of REPLEVIN" maybe?
The amount of time it takes a creditor to obtain a writ of plevin for a repossession varies in each state. Based on the local court jurisdiction, processing times to obtain a writ of plevin may take between 15 and 60 days.
YES, its called a writ of replevin.
If you are a landlord and the tenant has not left the premises yet, then you would need a writ. If, however, the tenant has abandoned the property, I would document this via dated photograph and go ahead and change the locks.
A repossession is the act of taking back property due to a default on loan payments, typically carried out by the lender. A writ of replevin is a legal document that allows a person to recover possession of property wrongfully taken, without payment, before a final judgment is issued. Essentially, a repossession involves reclaiming property due to a breach of contract, while a writ of replevin is a legal remedy to recover wrongfully taken property.
Writ of Assistance
Of course, you can be charged with any felony you commit, but I think you're asking if it is a felony to hide the car from the repossession agent. Technically, no. But, if you are obviously hiding it and the lender gets really PO'd, he can go to court and have a writ of replevna issued. Then the sheriff will come along with the repo man and they will leave with the car - or with you. The correct answer is: it not a felony to hide a car from creditors who are trying to reposses......period.This is a civil matter not a criminal matter.The writ is issued in rare cases.
Yes, but the creditor would have to sue in the debtor's state court in the county where the debtor resides and if awarded a judgment execute the writ under the laws of Massachusetts not Oklahoma. If the judgment creditor already holds a writ of judgment in Oklahoma they can file it as an abstract judgment against the debtor's real property without the necessity of court procedure.
"And Having Writ..." has 64 pages.
A writ is a legal order or command, an official mandate requiring the performance of a specific act. Examples of writs include a writ of possession, writ of execution, writ of garnishment, etc. Presumably the writ referred to in the question would have something to do with a home or other real estate.
Yes, there is no difference. A repossession is a repossession.
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.