0
A bank can repossess a car at any time the loan has defaulted. Many times a bank will wait until a payment is 2 to 3 months behind before repossession.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What happens when a car is to be repossessed and the bank doesn't repossess it?
Nothing. Just because a bank is legally entited to reposess a car doesn't mean they have to do so immediately. They can choose to wait and see, and reposess it later if you're still delinquent on the loan.
What process do you use to repo a car from your sister?
if i moved to another state say Georgia or am going there can the bank find my car to reposess it>?
If you are up to date with with the bank and you file for bankrupe can the bank take your car?
they should have the right to reposess anything you own in order to balance their loss.
Is it legal to reposess a car from a workplace?
Yes, In the State of Ohio
How do you reposess a commercial vehicle?
It's more the same as repossessing a car.
How many months can the bank reposession your car in New York?
It usually will take up to 2-3 months, they will call you with several options to see if there is anyway to figure a way for you to stay in the car.
How can you reposess your car?
Take the keys from your self and jump in it and drive away from yourself really fast
Can they come inside your gate and take your RV camper?
Yes, if you don't make your payments, the bank or who ever is holding the loan will reposess it.
What is loan against property?
Putting a current property up for security for a new loan. That way if you default on a payment the bank can reposess the property
Can a lock legally be cut off of a car trailer to be repossed?
Yes as long as the person doing the reposessing has the authority to reposess.
What is the word for when you buy something that the bank takes back?
A bank can reposess a big ticket item you bought using bank credit, but did not pay for each month. Most big ticket items would be a car, truck, boat, airplane, etc.If you don't pay on your mortgage, the bank can initiate foreclosure proceedings.If you don't pay credit cards on smaller items, banks send those accounts to debt collectors.
Can you reposess a car you own?
Oh coarse you can! You have to know licence plate number and other infornmation about it... You will have to pick it up from a DMV or a local towing company. :)
