Most of the time: Debtor(s) name, social, last known place of residence, last known place of employment, the legal owner's name and info, authority to repossess, the account information (such as the delinquency, acct #, and other pertinent info).phone numbers and references are sometimes included.
UPDATE.. Debtors name,add, ph#, POE,co-signors nane,add,ph#,POE, VIN of car, description of car, NO SSN,DOB, other personal info. Some states require a copy of the title, written auth. to repo from lender.
A LENDER CANNOT GIVE OUT YOUR SS #.
This is why idenity theft is one of the fastest growing crimes in this country. That is strictly confidential and if the lender does give it out, file complaints with the FTC and see an attorney.
You are wrong, when you sign the finance contract you in 99% of the times give up the information to collateral recovery agents/companies
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.
No, all that is necessary is a valid repossession order from the lender.
They can only take whatever it is they have an order of repossession for - if the trailer is not included in their order of repossession, they cannot take it.
They can if they have an order for repossession. You can ask to see the order, and if they do NOT have the order, then they can not take the car. The repossession would become invalid without the order to take the car.
The second to last sentence should read - Never will a voluntary repossession cost you MORE than a forced repossession. A repo is a repo. Voluntary Repos will, in most cases, save you money due to the cut in fees associated with the repossession. In some cases these fees will not be any less and the cost of a voluntary repo and the cost of a forced repo are the same. Never will a voluntary repossession cost you less than a forced repossession. Either way, voluntary repossession is the decision I would make, due to the possibility of a lesser cost.
When you purchased the car, you may have received a lien title from the state. This is not a clear title of ownership. The lender in essence still owns the vehicle, at least part of it. It is held in security for the loan. If you are a repossession company or agent, you will be required to have an order of repossession. But, if you are a repossession company or agent, you should already know this.
As far as I know there is no statute of limitation on auto repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read. Repossession should be your last resort. Hiding a vehicle from repossession is a crime in some states. The consequences of repossession are always bad for you.
If a repossessor comes in with paperwork showing an order to repossess, you should be able to call the listed creditor and verify it.
Your wages can be garnished for an auto repossession if there is a court order. All wage garnishment's must be obtained from the county court of your residence.
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.
Dealerships are not typically recognized repossession agents, however, if you bring in a vehicle for service, and a valid repossession order exists for that vehicle, the delareship may secure the vehicle for the lender so that repossession may take place.
Present proof of your ownership and the lien contract to court and get a repossession order.
Repossession laws vary from state to state. States also have different provisions for different types of property. You would need to be more specific about the circumstances, the property and the state where the repossession would take place. Your question should be reformed to ask, "Is a repossession under the following circumstances legal"? Asking what is considered an illegal repossession is much too broad a question.
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
In a few states both the primary borrower and the cosigner must be notified by the lender through a "Right To Cure" notice before repossession action can occur. In Wisconsin a replevin order is necessary before a repossession can take place, but the cosigner is not always notified. In the majority of states the lender does not need to give either the primary or the cosigner notice of repossession action.
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.
Yes, there is no difference. A repossession is a repossession.
It's not really clear what you mean by "out of repossession". Repossession is an event, not a condition. If you're asking if you can get it back after it's been repossessed, it's at least theoretically possible if you act quickly enough; you should contact the leasing agency and find out what you need to do. At minimum, you should expect to have to bring the payments current and pay the repossession expenses; you may also be asked to provide a deposit against future defaults.
To answer your question simply, a repossession order will typically be a 60 day repossession order. If however you do not contest the repossession or don't turn up to the hearing it is more likely to be a 30 day repossession order. However, you are not clear if you have even received a notice of intended court action or a court date. There is no hard, fast, rule which states when each lender will start repossession proceedings, they can be after just 1 missed payment - the average is between 2 and 3 missed payments. This answer above has been copy & pasted from http://www.repossession-stoppers.com/answers/how-long-does-a-house-repossession-take.htm which is a UK site So if you are from outside the UK it may be different...
Not without a court order.
If they have followed the laws and have a court order, yes.
The company repossessing the car has no authority to negotiate terms with you. They are simply there to repossess the car. You must negotiate with your lender. Hopefully, you will do this before the the repossession order is submitted by the lender.
Florida allow repossession by UCC regulations, a right to cure notice or replevin order is not required and the vehicle may be recovered by a licensed agent as long as it is done without a breach of peace. The county recorder must be notified of the repossession action and the plates remain with the borrower.
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.