Not much really, he just has to make sure it's the right vehicle and that the bank has done THEIR paperwork.
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.
No they cannot take your car if it is paid off. No but that doesn't mean they won't try.. When the repo company calls again, invite them to stop by and look at your paperwork. Most repo companies appreciate you showing them when the lender is goofing off with their paperwork. It saves the repo company time in running accts. that SHOULD be closed.
YES, IF your paperwork is in order, you can agree on a price and the unit is accessable. repoman.com for Texas repo agents Please dont waste yours and the agents time with an EX-this, I want my car back thing.
The repo man will pick up the vehicle anytime and anywhere he can do it while watching out for his personal safety. Repo men have been shot at, cursed at, hit, and everything in-between from the person whose vehicle is being repossesed. I would think that night time would be the safest time for a repo.
IN ANY STATE YOU MAY GET YOU THINGS AT THE TIME OF THE REPO OR YOU CAN GO TO THE YARD AND HAVE SOME ONE HELP YOU.
NOT just for a simple repo NO. IF there are other complications added to the repo, maybe.
Not at the time the lender seeks repossession of the vehicle, but if it is found that fraud has been committed (vehicle hidden, sold, etc.) them criminal charges could be applicable.
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.
When the tow truck makes contact with another vehicle it is in possession of that tow/repo company. If they connect to another vehicle to "move" it they are in possession of that vehicle without cause or permission. This is technically a stolen auto at that time. It is NOT legal to move other vehicles to get to another. A good repossession agent with proper use of his tools can get a vehicle out of even the most tightly squeezed places. Before you accuse a repo agent of "stealing" a vehicle, make sure he actually did!!!
Yes, this is not only possible, but if you were responsible and surrender the vehicle for repossession it can be quite easy. I have had both a voluntary repossession as the result of a BK, and a voluntary lease surrender for the same BK. Since that time, long, log ago, I have had many vehicles, and many vehicle loans. At first I of course paid higher interest. But even that reduces with time and a good history.
Nope,To clarify: provided that the other laws regarding repossession are complied with, the time of day is irrelevant. It might be more accurate to say that there is no ILLEGAL time of day to repo a car.
Pay your bills on time :)