0
How do you repossess a car from someone who defaulted on a promissory note in a private sale?
A private auto sale is considered a contract. As such, if the buyer isn't paying as agreed, he's in breach of ths contract and subject to civil remedy, such as a law suit. Unless specified in the contract or allowed by your local law, you can't take the property back. That places you in breach as well and could be considered auto theft.
What else can I help you with?
Can someone come onto a private driveway and repossess a car in the state of Ohio?
YES, if there is no breach of peace
Can you put a lien on someone if they've defaulted on a promissory note for a cash loan?
Yes, you can typically place a lien on someone's property if they have defaulted on a promissory note for a cash loan, provided that you have followed the legal procedures required in your jurisdiction. This usually involves obtaining a court judgment against the borrower, which then allows you to file a lien against their property. However, the specific process and requirements can vary by state or country, so it's important to consult with a legal professional for guidance.
How does a private party registered owner in CA repossess a motorcycle from someone who is living in another state?
re-run. see above post
Does a repo man have the authority to trespass on private property that is clearly marked no trespassing to repossess someone else's car?
yes as long as there are no locked gates
What is presentment of promissory note?
A "Promissory Note" is a legal IOU. 'Presentment' of it, means that you (or someone) is cashing it in, and wants to be paid.
Can someone sue for money if no promissory note it signed?
no
Can they come on private property and repossess your car in North Carolina?
It is possible for someone to come onto private property in order to possess your car in North Carolina. If you have not paid you car off, it is never yours until it is paid off.
Can repo people come onto your property and leave tire mark damage to repossess a vehicle that isn't yours but belongs to someone visiting?
Yes they can come on private propery to repossess a vehicle. If they damaged your property, then call the lender and demand they repair the damage. You may have to sue to recover the damage.
What do you do if you sold a vehicle to someone with a promissory note stating they will make payments and signed the title over if they do pay?
If they signed the promissory note, then it is legal, and binding.
Can someone repossess a car without filing for repossession?
yes
How do repossession agents work?
First, repossesstion agents must be licensed and have a search warrant for whatever they want to repossess, but they are not police officers. If someone does not pay bills/taxes on any private property, they simply follow these steps: 1. let the owners know who they are and what they're doing and why 2. repossess what they were there to get 3. file a notice to the local/state police
If someone fails to pay on a promissory note can you report them to the credit bureau?
small claims court
