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same as provided the buyer...you're equal partners in the deal. When you co-sign for a laon, you assume certain responsibilities to keep an eye on your loan. A prudent person would, dont you think???

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โˆ™ 2004-09-07 19:12:09
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Q: What notice is the lender required to provide to the co-buyer in Texas before and after a car is repossessed?
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If the cobuyer of a vehicle that was repossessed is going to reclaim the vehicle how does he get a clear Texas title without the other's name on it?

Make the idea known to the lender BEFORE you proceed. get it claer what is to happen.


What type notice is required before a car can be repossessed?

In all but 10 states, NONE AT ALL.


Do you have a right to have a repossession letter before my vehicle is repossessed?

no


Does a creditor have to notify you if repossing a car?

In some states yes. In some state the lender is not required to give any notice at all before or after. In some states, the lender is only required to give you notice after the vehicle has been repossessed.


Must you receive court papers before your car is repossessed?

It depends on the state, but usually it is only required that the lending institution have the papers. In general, you already know when the loan is in default.


How long before your vehicle can legally be repossessed?

WE'RE ON OUR WAY!!!!!


In Kentucky how many car payments behind do you have to be before your car is repossessed?

Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.


Can a vehicle that is without a lienholder be repossessed by a company before a lien is filed?

No


What is forfeiting?

It means when you can't pay for something , you surrender it before it is repossessed.


Can your car be repossessed before being 90 days late?

Yes


Can a car be repossessed if the owner dies before the first payment is due?

The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.


If a car was repossessed how long does it stay on your credit before it is removed?

7 years


How many days does a vehicle have to be past due before it can be repossessed?

three months


How long does one have to be delinquent on a loan before a car is repossessed?

To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.


Where are repossessed cars sold?

Repossessed cars are generally sold at auctions, so look out for car auctions in the local press. Make sure that you ask for a catalogue before the auction and do some research before you go to bid.


What has to happen before a creditor can have your care repossessed?

A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.


What is required before windows 2000xp can provide full power management functionality?

Your system BIOS must be ACPI compliant.


What is required before Windows 2000 can provide full power management functionality?

http://www.microsoft.com/whdc/archive/winpowmgmt.mspx


You have one day before your car is repossessed is there any payment options?

Call the lender, and make some kind of arrangements. Do not let your car get repossessed. You will be responsible for the balance on the loan. no


Does lender have to send notice of default or intention to repossessed before taking the merchandise?

Legally NO!


Do court papers have to be served before your car can be repossessed?

That depends on the state law, but generally, no.


Before a car can be repossessed doesn't it have to be behind in payments by at least two months?

Nope.


How do you know if your car has been stolen or repossessed?

RepossessionCall your local dispatching service for your law enforcement. The Repo man is required to report the repo immediately to them. You could also call the bank or company that has financed your loan. In Illinois, we are required to report repossessions immediately to the police. In some cities, the police want to know BEFORE we repossess. So when you call your local P.D. to report your car stolen, they can let you know if the car has been repossessed.


If your wife bought a car before your marriage and now it is repossessed are you liable?

If it isn't in your name it shouldn't be.


How much time in the state of Kansas do you have once you receive notice that your car will be repossessed before the car is actually repossessed?

One Kansas attorney says 20 days and another says 10 days.