Laws vary from state to state. However, if you haven't made your mortgage payments for several months, the bank is likely to repossess your home. Generally the time period is up to the lender, but once the paperwork goes through--you will receive notices if your mailing address is up to date-- you should expect short notice that you are being evicted. Evading receipt of the paperwork does not change matters. Long story short, the best thing to do if you cannot make payments is to have a serious discussion with the right person at the lender--the servicing company is not necessarily the place for real help. See related link for definitions of terms.
repossess manufactured home in oregon
Repossession agents are NOT law enforcement officers, if they carry firearms they must be properly licensed to do so.
on products, not vehicles
You can start researching Texas law at the Related Link below
check with your court house.
If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?
If the buyer has not paid they technically have not bought the item up for repossession. Go get that SH*T
A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.
There is no specific time limit for a repossession in Florida. Florida law does not require a creditor to give notice before starting a repossession.
this is a GENERIC definition... BOP is usually decide in the APPEALS Courts. Links at the bottom Breach of Peace. However, even if there is a right to repossession, the repossession agent cannot Breach the Peace in conducting the repossession. That means that the repossession agent in repossessing the vehicle cannot: forcibly remove you from the vehicle; stop you on the street or highway like a law enforcement arrest; enter a closed garage or your home; break into your house; create a disturbance such as a fight or other altercation; threaten any of the above actions; or pretend to be a law enforcement officer while conducting the repossession. If any of these actions occurred you should immediately contact an attorney. courtstuff.com
can you get your auto reposessed if your 2 payments behind NO
By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.
NO, they can attach a lien to be paid FIRST if/when the home is sold.
In a repossession order, a lender can repossess one's home if the court approves and grants permission. The judge could either set the case aside or give a repossession order.
A lawyer...only and always.
If a law was broken, yes, the person who broke the law can be arrested. The repoman cannot arrest the law breaker.
Self help and you may not breach the peace.
new purchase not in repossession
No. Not if the circumstances are as simple as stated. Repossession is a civil law procedure, not involving criminal law -UNLESS- the vehicle HAD already been re-possessed and you went and took it back from the repossession impound lot, or the repossession agent or the bank. If it had already been taken and impounded then, yes, you could be charged with auto theft.
No they can not collect one PENNY - It is a law in MD . See financial regulations website state of MD
Then they're liable for the damages. You need to file a police report immediately.
If the investegator is acting in his capacity as a police officer, then the repossession would be considered to be done under the color of law. It probably would not be a lawful repossession.
Can the police repossess your car? Can the police repossess your car?
Is there a time limit when a car can be repossessed in florida?
If a borrower defaults on loan payments for a manufactured home in Michigan, the creditor can take the manufactured home. If the manufactured home is real property the repossession and foreclosure is on the manufactured home alone. If the home is being used for residential purposes, the home is repossessed according to personal property laws.