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Can a repo agent enter a garage with the assistance of the property management office to recover a vehicle that is alledgedly subject to repossession action?
Unless the repoman is dumb as a duck, he WONT try to repo a car that is not authorized by the leinholder. IF management lets him in the garage, then he can go get it.Sometimes management will go ahead and let us in to get us out of the way.
If the managment opens the doors yes the repo people can remove the vehichle The repo person can not open the door. the repo person has been told to recover the vehichle per the lien holder or they would not be there. I find that most lien holders would rather work something out to get account up to date then repo the car. The lien holder makes more money if they can get payment before repo.What I do not understand is why people hide the car , what good is the car if you can't drive it without looking over your shoulder wondering when they repo agent will show up and take the car so what good is a car you cant take out of the garage or drive?
What else can I help you with?
What are the main causes of property repossession?
The main causes of property repossession is for nonpayment of the mortgage or any loans where the property was put up as collateral. If nonpayment occurs the lend has the right to repossess.
Can repossession take place on private property?
Yes. If the property is found it can be retreived.
Can the cosigner repossess property other than a vehicle if the primary debtor is not making payments?
No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.
Can the dealer repossession your car off private property?
yes
What are the laws on Repossession breaking and entering?
Repossession agents can enter a property to repossess an item if they have permission to do so or if the property is not under the control of the owner. They are not allowed to engage in breaking and entering to repossess an item. If a repossession agent unlawfully enters a property, they can face legal consequences.
What is the process for an FHA repossession of a property?
The process for an FHA repossession of a property involves the lender initiating foreclosure proceedings due to the borrower's failure to make mortgage payments. The property is then repossessed by the lender and sold to recover the outstanding debt.
What is considered an illegal repossession?
Repossession laws vary from state to state. States also have different provisions for different types of property. You would need to be more specific about the circumstances, the property and the state where the repossession would take place. Your question should be reformed to ask, "Is a repossession under the following circumstances legal"? Asking what is considered an illegal repossession is much too broad a question.
Can they do Repossession on your locked property?
can my car be repossesed from my locked back yard
What is the concept of repossession about?
Is is common knowledge that the concept of repossession is the taking back of property by a lender or seller from the borrower or buyer, usually due to default.
What is replevlin?
The judicial method of repossession - in other words most states allow for self-help repossession but when a repossession can not be accomplished using self-help the lender will file an action in court to recover the property
What is the law on repossession of property in Michigan?
Self help and you may not breach the peace.
Can a finance company go on your property to retrieve a vehicle for repossession in NJ?
Yes
