Depending on the state you reside in the procedure in order to get a repossession stopped is difficult. One of the few ways to stop a repossession is if a "breach of the peace" were to take place such as your car being in a locked garage or a threat of force was issued.
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
my answer is to just go to oklahoma and just you becomes a repossession agent..........this is not real DONT DO IT.
In Florida, manufactured home repossession is typically governed by the Uniform Commercial Code (UCC). The lender must follow the specific provisions outlined in the UCC for repossession, which may include providing notice to the borrower and following proper procedures for taking possession of the home. It is recommended to consult with a legal professional for guidance on the specific laws and procedures in Florida regarding manufactured home repossession.
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One may find information on the subject "repossessions stopped" at the website for Harrington Brooks. They have many services for dealing with debt and preventing repossession.
A "repossession notice" is a civil matter. A police oficer cannot hold the vehicle for repossession. Unless, there has been a court proceeding and the judge has ordered the vehicle held if stopped. A repossession notice also cannot stop the registration of a vehicle.
check out laws and regulations in your stae(georgia)
The answer to this depends on the state you live in. Each state has different laws that prescribe the process for repo and sale.
The FHA repossession guidelines for properties involve the lender taking back the property if the borrower defaults on the loan. The lender must follow specific procedures and timelines set by the FHA to repossess the property.
Laws regarding rent-to-own storage sheds and repossession can vary by state or country, but generally, if a shed is attached to a permanent structure, it may be considered a fixture, complicating repossession. In many jurisdictions, landlords or sellers must follow specific legal procedures for repossession, which often include providing notice and the opportunity to cure any payment defaults. It's essential to consult local laws or an attorney for specific regulations and procedures applicable in your area.
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Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.