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The Bank that took ownership.

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โˆ™ 2005-09-23 01:17:50
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Q: Who is responsible for the car if it is destroyed in a natural disaster after it is repo?
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Related questions

What are the ratings and certificates for Operation Repo - 2007 Disaster at the Derby 9-5?

Operation Repo - 2007 Disaster at the Derby 9-5 is rated/received certificates of: USA:TV-14

What are the release dates for Operation Repo - 2007 Deep Dish Disaster 10-3?

Operation Repo - 2007 Deep Dish Disaster 10-3 was released on: USA: 13 June 2012

Your husband is not on your car lease loan will he be held responsible if you do a repo?


If a repo man damages your car by moving it to get to one who responsible?

he is

Who is responsible for damages if the repo man took an unsecured trailer and some of the contents were missing when returned?

The LENDER is responsible.

If your husband wants to voluntarily repo his truck will you be responsible for any of the debt if you did not co-sign?


Who is responsible 3 year old repo debt when debtor dies?

The estate of the debtor is responsible. If there are not enough assets in the estate, it goes unpaid.

If your car was repossessed for a payment that the finance company forgot to record are you still responsible for the repo fee?

IF you were NOT in DEFAULT, then it was a wrongful repo and you shouldn't have to pay. Call a local attorney NOW.

You had a car repo 8 yrs ago that your exhusband cosigned for and they just now are wanting the money is he equally responsible for what you owe on it or just you we divorced 2 years before your repo?

You are both equally responsible for the money owed on the car because it is on both of your credit reports; cosigning makes both people responsible for the payments.

What if you have a car for repo and they wont come and get it when you tell them to?

Some creditors will not do voluntary repo's because the collateral is not worth what the repo process costs them. I do recommend that you send them a letter certified stating you request the vehicle be picked up by a specific date and you will not be responsible for anything that happens to the vehicle after that date.

If a car is repossed are you still responsible to pay for the remainder due on the car?

Yes. You are also responsible for repo fees, storage, auction and collection fees. You pay for it all.

If you still owe on a car and it is totally destroyed in a wreck and you are behind in payments can they repo your house?

Heck NO. LOL they might want you to THINK that...

If you did a voluntary repo on your truck do you still have to pay any money that they will not make reselling it?

Yes, you're responsible for the balance.

Can one vehicle be moved to get to the debtor vehicle in repossession?

This is one of those questions that the answer depends on who you talk to. As a repo agent I have tried to find the answer and it has been difficult. I believe the answer is yes, but if the repo agent damages the car he is moving then (of course) he is responsible, just like he would be responsible for damage caused to a vehicle he was repossessing.

Can a repo person come into your closed garage and get the car?

NO. Have him arrested if he did that. _____ Sue the lender/bank do not waste your time with the Repo guys; they are agents of the bank so the bank is responsible for their conduct.

If there is a repo fee on your account does that mean they are trying to repossess your car?

Good did you find out about the repo fee?? Have you been repoed before?? Are you in default now?? If you're not in default, dont worry about it, hope they repo it so you can sue them.... IF you ARE in default, pay up today Yes that is what it means. If you were behind on your payments and didn't call the lender to work out a deal before a repossession order was issued, Then you payed before a repo agent picked it up you are responsible to pay the repo fee and the lender is responsible for calling off the repo. If you have payed and the lender failed to call the repo agent and you get repoed you can bring up ''wrongfull repossession charges'' and that falls on the lender. In your signed contract you agreed to this and so did the lenders. The above response is incorrect THE LENDER CANNOT CHARGE YOU FOR SOMETHING (a repo in this case)WHICH HAS NOT TAKEN PLACE !!!!!!!!!!!!!!!!!!!!!!!!!! IF they try too.... SUE them and there "agents"

What is REPO and reserve REPO?

repo is taking somthing away like the repo man in the new movie repo! the genetic opera theres an organ repo man who takes away peoples organs

When the lender contracts out for the a rept to a CA repo agent and that party contracts to a 2nd party Texas agent to complete who is responsible for the damages incurred during the repo?

Regardless of who the agent is that actually repossesses a vehicle the responsibility will remain with the agency that actually accomplished the repossession, however, the Creditor is ultimately responsible for the actions of the agents that they assign an account to. The assigning agency, if they had no actual part in the repossession will probably not be responsible.

How do get a repo agent job to repo vehicles?

How do i get a repo agent license in Illinois

Can a repo man repo tools?

yes you can repo tools like tractors.

If you do a voluntary repo and get another dealerships car will that hurt your credit as bad as not making any payments for a repossession?

A repo is a repo is a repo.

What is the present repo rate and reverse repo rate of RBI?

Repo rate is 7.25 reverse Repo is 6.25

Cosigner repo a vehicle?

If you are a co-signer of a repossesion, and the primary borrower has not made an attempt to make their payments then you are fully responsible for this debt.

What is the repo rate and reverse repo rate from aug 2011?

repo rate is 8%. reverse repo rate is 7%

If I am a cosigner on a car loan and it gets repo is the owner of the car responsible for the remaining balance after it is auctioned or is it the cosigner's responsibility?

Both are responsible until paid in full. It will also be on both credit reports as well.

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