It would look better on your record (For future loans) if you turned in the RV voluntarily.
personally that's more of a question for a lawyer to handle. if i were you i would speak to a lawyer its your best bet. good luck
Contracts are entered into voluntarily, but once entered into they may be enforced through the courts.
No, what will happen is this: the finance company will pay off the mechanics lien (usually) and tack that on your loan balance, it would be considered a repo fee.
If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.
Boats can be repossessed due to non-payment or maybe the boat does not meet the requirements needed to sail. I would think it would be just like a automobile as far as finance goes.
No. As Stated They Would Have To Have A Lien On The Gift(Car) They Can Seek Judgement For Balance On Debt. The Car Is Yours They Have No Control Over Any Gifts You Recieve. GOD BLESS
if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.
maybe but your car would be repossessed
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/No, because if it is parked in reverse, the back wheels would be dragging, and soon shift gears (If repossessed by a chain truck), but if it is a flatbed tow truck, then yes, it can be repossessed, because the back wheels would not be dragging, therefor the wheels would not shift gears and ruin the vehicle, or reverse of of the truck!Why are you asking, has your car bin repossessedbefore?-Zachary T. Davis06/03/12
If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.
The only way you can have your car repossessed would be to not make any payments. If you have taken out a loan and have not made payments, they will take your car away.
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.
In that case there would be no one with the right of repossession.
I believe you would owe the difference. If you owed 10,000 on the vehicle and it was repossessed and someone else bought it for 8,000 you would owe 2,000.
Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.
If the car is being repoed then you owe something.
No. If the wife is also on the deed to the premises she would need to voluntarily transfer her interest to her husband by executing a quitclaim deed.No. If the wife is also on the deed to the premises she would need to voluntarily transfer her interest to her husband by executing a quitclaim deed.No. If the wife is also on the deed to the premises she would need to voluntarily transfer her interest to her husband by executing a quitclaim deed.No. If the wife is also on the deed to the premises she would need to voluntarily transfer her interest to her husband by executing a quitclaim deed.
The place to go to find out about repossessed cars being sold is through the USA government websites. The cars are being sold at auctions and this would be where to find out.
To get your repossessed car back you may need proof of residency, insurance, and, other personal information to retrieve your repossessed vehicle back to you.
When a vehicle is repossessed, it will eventually be sold at auction. Occassionally, the amount received from the sale is greater than the balance owed. On these occassions, the excess is sent to the debtor.
That needs to be discussed with the LENDER before you let it get repoed. Better yet, discuss while you are current on the payments. If you're in a temp shortage, they might work with you on getting around it. If its NOT temp, they will likely want all the money due at one time. TALK to the LENDER about it. Good Luck
You dont they most often get liquidated at dealer only auctions.