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How do you find out if someone elses vehicle has been repossessed?
"YOU" dont, the debtor does. call the lender.
Do you have to pay on a repossessed car if not sold?
If it has been repossessed the lender will usually stop all collection activities until the vehicle is disposed of through sale. It is unusual but the lender could decide to keep the vehicle but should they do that than they waive their right to a deficiency.
Does a finance company who has repossessed your vehicle have any rights to your new car that is financed by another lender?
No
Can you get a vehicle back after it has been repossessed?
YES,, CALL the lender and find out HOW MUCH it will cost to do so.
When can a car be repossessed in Texas?
In most instances when you get behind on your payments. The exact details of when the lender will repossess the vehicle is listed in the contract you signed when you took out the loan on the vehicle. Read your contract with the lender.
What do they do with repossessed cars ?
They check them out and resell them after that for a cheap price.
When your vehicle is repossessed where does it go?
Depending on who the lender is and how they dispose of repos, it will go to the repo cos. storage lot and then to the auction.
What is Missouri Law for paying off repossessed cars?
The laws for all US states are much the same. In MO. when a vehicle is repossessed by the lender due to a default in the terms of the contract the lender is required to sell the vehicle at public auction for the amount closests to its assessed value. If there is a discrepancy in the amount for which the vehicle is sold and the balance of the loan, the lender may pursue collection for that amount in the manner the law allows, which can include a lawsuit.
How can you locate your repossessed car?
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
Can a vehicle be repossessed for insurance lapsing?
I would not think so, but, your lender does require that you carry collision insurance on the car, which is the lender's collateral. It depends on what the note you signed says about this. Read it.
If your car is going to be repossessed is it legal for you to sell it before the actual repossession?
Not without permission of the lender. A vehicle cannot be sold without a clear title of ownership. The lender is named on the title of a vehicle as the "lienholder" until the vehicle is paid for or otherwise released by the lienholder.
Can a repo agent refuse to return personal property from a repossessed vehicle when the property does not belong to the note holder and then lie to the lender when you consult with them?
== == NO
