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What else can I help you with?
Can the bank put a lien on your home for the balance after the repossessed auto is sold at auction?
YES, after they get a judgment for the amount still owing on the contract. That amount can be applied as a lien against other property you own.
In Washington state can a auto be repossessed from a private business?
Yes.
What research should one do before buying repossessed cars?
Before buying repossessed cars, you should first research the frequency of repair and maintenance costs on the models in auto-related consumer magazines. You can also ask for the car's maintenance records from the owner, dealer or repair shop.
Where can you buy repossessed automobiles in the US?
You can buy repossessed automobiles in the U.S. through many county auto auctions or police auto auctions. Check with your local courthouse or police department to find the next auction.
How is repayment structured on auto loan refinance?
When an auto loan is refinanced, repayment is structured depending on the amount outstanding on the loan and the amount of months left to repay at time of refinancing. This may enable a person to save extra money by lowering the cost of the loan payments.
Can your car be repossessed if you buy it with a capitol one blank check auto finance?
NO
Where could one search for repossessed cars for sale?
One could search for repossessed cars for sale online at the websites provided by the companies Repo Direct, Auto Bid Master, Repos 4 Sale, Cars for Sale, Bank Repossessed cars and Repossessed Cars Sale.
When a auto repair repossessed your car do they have to call the police to say they are going to repossessed a car?
depending on state laws. some officers say they have to before hand so that it is on a repo list the officers have on hand. some say its a courtesy call. you can ask a local officer in your residing state
Are repossessed vehicles sold at an auto auction?
Yes some repossessed vechicles are sold in auctions. There are some that the banks own, but they try to recover their moneys lost as soon as possible.
What are my rights for auto reposession in Colorado?
The car company generally has to give you notice before going through with a repossession. Also, they should give you the opportunity to pay the outstanding bill before resorting to a repossession.
If an auto loan is in one person's name and the title in another person's name can the vehicle be repossessed?
Yes.
I live in Houston Texas. my car was repossessed from a auto repair shop. can they keep my car forever.?
yup The creditor who repossessed the car has to sell it (usually at auction) within a reasonable amount of time (2-3 months). They have to notify you that it will be sold. They have to give you any amount above what you owed plus reasonable attorney and other fees, or if there is a deficiency (the sale price and fees was less than what you owed), they can sue you for the difference.
