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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.

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โˆ™ 2011-05-27 13:23:25
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Q: What is the law on a repossession of a home?
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Related Questions

Manufactured home repossession law in state of Oregon?

repossess manufactured home in oregon


Repossession law to carry a firearm?

Repossession agents are NOT law enforcement officers, if they carry firearms they must be properly licensed to do so.


What is Florida repossession law?

on products, not vehicles


Where can you look online to find out if Texas has the concealment law with interestcar hiding-repossession?

You can start researching Texas law at the Related Link below


What is the car repossession law in Arizona?

check with your court house.


If a car is sold after repossession does law state that it must be reported to the bureau as zero balance?

If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?


What is the repossession law in California for private sellers?

If the buyer has not paid they technically have not bought the item up for repossession. Go get that SH*T


Can a repo take place at your work in Florida?

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.


How long does the state of Florida have to file a voluntary repossession claim against you?

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.


What is the law concerning breach of peace in Texas?

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


What is the repossession law in California?

can you get your auto reposessed if your 2 payments behind NO


How long does a repossession in Mississippi stay on your credit report?

By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.


If you have a voluntary repossession can they take your home?

NO, they can attach a lien to be paid FIRST if/when the home is sold.


What is a repossession order used for?

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.


Who do you turn to for repossession advice on your home.?

A lawyer...only and always.


Can an arrest be made after a repossession is made?

If a law was broken, yes, the person who broke the law can be arrested. The repoman cannot arrest the law breaker.


What is the law on repossession of property in Michigan?

Self help and you may not breach the peace.


Does state of Nevada have a auto purchase rescind law?

new purchase not in repossession


If vehicle is in repossession phase and you are pulled over will you go to jail for auto theft?

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.


Can you collect a repossession fee if you do not send a pre repossession letter in Maryland?

No they can not collect one PENNY - It is a law in MD . See financial regulations website state of MD


What if repossession agent damages RV or personal property during repossession under Texas law?

Then they're liable for the damages. You need to file a police report immediately.


Can an investergator get involved in a repo?

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.


What is Texas law on repossession procedures?

Can the police repossess your car? Can the police repossess your car?


What are the repossession law time limit in Florida?

Is there a time limit when a car can be repossessed in florida?


What are the laws in Michigan on manufactured home repossession?

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.