Going to an Auctioneer such as Pickles is a place where there are many used vehicles. Some have been repossessed and some have damage from vehicle accidents and such. You can either attend the auction and bid or vehicles can be purchased at reasonable prices prior to auction day.
I think you have like 10 ir 15 days, they have to send you a notice stating when the car will be sent to auction and what date time and place the auction will be, you have until the day before the auction to pay the amount they are demanding. Keep in mind though the sooner you pay the more you save, because they have the right to move the vehicle to another location at any time, which might incur more charges.
It is safe to buy a vehicle at an auction for cars so long as you know what you're buying. Please look at the car in and out before deciding to place a bid on it.
I would think that an auction for cars that have been repossessed is a great place to find a cheap car. I would also look on Craigslist and Ebay too.
Varies a bit from place to place, but ninety days is common. When the cost of storage exceeds the value of the vehicle, it is common for it to be sold, at auction.
If you're asking whether the vehicle can be repossessed for non-payment, it can, regardless of who's supposed to be making payments. Whoever appears on the contract or paperwork for the car is responsible for the payment, regardless of what informal agreements may be in place.
If your vehicle has been repossesed then your best option is to no longer make payments until this vehicle has been resold; which takes place through an auction. Once vehicle is sold you will receive a final bill for the remaining amount that was left over. The final stage of this process is to settle for 30% or less on the remaining balance.
Yes, repossessions can (and often do) occur on private property. There are limitations imposed on the recovery agents, and they know how to plan accordingly. IMO, better that car (which is actually the lien holder's, which is why it can be repossessed in the first place) be repossessed while you're at home than while you're out in public somewhere and left stranded.
CitiFinancial will not place a lien on your home if they have your car as collateral. They will place a lein on your car and you risk them having your car repossessed.
A debtor does have to be notified of a writ of judgment. The debtor is often notified before the court hearing takes place.
Go to bank or other place that repossessed the truck. Pay cash for it etc
If you have no lien on your vehicle then no one has a legal right to repossess it. If you're not behind on the payments there would be no reason for the lender to reprocess the car in the first place. It is hard to believe you have a loan on a car without a lien. The car stands behind the loan. If there's no lien on the vehicle then the car is not involved in the loan and cannot be repossessed.
You can check out websites such as ebaymotors.com where they will not only tell you how to place your vehicle up for auction, but also will allow you to do it directly on their site. It's a one-stop shop! Good luck to you.
Yes, the bank must tell you that your vehicle is being repossessed. The bank will usually try to reconcile the debt before the repossession takes place.
A salebarn, auction mart, livestock auction, etc.
The best place to advertise a Chevy Blazer for sale would be on the auction site eBay. Or, advertise the vehicle in the local newspaper or auto trader newspaper.
Repossessed cars may be purchased from many car dealerships some specialize in repossessed vehicles and others may have the occasional defaulted payment. Another great place to find repossessed cars is with a financial institution, there are many people struggling, taking credit, the car is often the first thing repossessed when the loan is called in.
no i dont think any body would like their house repossessed because that will mean your a tramp, then u will be put in a dangerous place .. :'(
YES, IF YOU OWE THEM MONEY, THEY CAN HOLD AND CHARGE STORAGE. Also check your state laws,because in many states a garage can place a mechanics lean on your vehicle and after 30-90 days they can sell your vehicle at auction or a set price to cover the cost of the repairs.....
If you don't pay for 30 days, they'll usually place their own lock on the unit so you can't access it until you get up to date. 3 to 6 months after that, they will eventually auction off the contents of the unit.
It's an automated tool that you can use to place or increase your bid during the final seconds of an auction. That way, you don't have to be actively trying to increase or place your bid manually at the minute.
Yes, this is the common reason for repossession. It is in fact the primary reason for the existence of repossession agencies and repossession forwarding companies. It is also the reason the vehicle was used to secure the loan in the first place.
FTC Law States that the vehicle must be held for 15 days. But that is subjected to state laws and as you know are always subject to change. If you have cured the issue with the creditor you may get it back as early as same day or next day. Also worth noting is that according to FTC the vehicle must be sold between 16 Days and 6 months after repossession and the creditor must inform you of the time and place of auction or sale. But these are also subject to change at anytime and subject to individual state laws and statutes