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What else can I help you with?
Define Voluntary ownership?
Summit About Voluntary Work Within a Business Diffrent Types Ownerships Init =)
Can a repossession agent call the police?
Thay can, and in many jurisdictions it is required before repossession is performed. In others it is only necessary to notify police within 24 hours of recovery.
What happens if a buyer takes a car back to the loan company?
Buyer's remorse. Seriously, if the car is returned within three days (as is permissible in some states), it is a simple annulment of the contract. If the three days grace period has passed, this would be a voluntary repossession, or lease laydown (depending on the specifics of the contract).
What is the post repossession notice required in Texas?
In Texas, after a repossession, the lender is required to send a post-repossession notice to the borrower within a certain timeframe, typically within 10 days. This notice must inform the borrower of the repossession, provide details about the sale of the repossessed item, and outline their rights regarding redemption. The borrower has the right to reclaim the repossessed property by paying the outstanding debt and any associated costs before it is sold.
Is it better to have a repossession or a bankruptcy on your record in regards to credit recovery?
Neither is good. However, a repossession does less damage and is removed from your credit report within less time than a bankruptcy.
How long does the lender have to send you a letter after repossession?
After repossession, lenders are typically required to send a notice to the borrower within a reasonable timeframe, which can vary by state or jurisdiction. Generally, this notice should be sent within a few days to a couple of weeks after the repossession occurs. The letter usually informs the borrower of the repossession, the amount owed, and any rights they may have regarding the vehicle. It's important to check local laws for specific timelines applicable to your situation.
If your car is repossessed but you get current within say two weeks of repossession does the repossession appear on your credit report?
If your power gets shut off and you go in and pay the bill current, did your power get shut off?
Is there a time period in which they have to grant you access to your possessions when your car has been repossessed?
Usually has to be claimed within 30 days of repossession.
How does one start a repossession business in new york?
To start a repossession business in New York, first, you need to ensure you comply with state regulations by obtaining the necessary licenses, such as a repossession agent license. You should also register your business with the state and consider obtaining liability insurance to protect against potential claims. Building relationships with financial institutions and dealerships can help generate clients, while investing in the right tools and equipment for the repossession process is crucial. Finally, familiarize yourself with the legal aspects of repossession to operate within the law.
Where can you find the repo laws for NYC?
Repossession laws are enacted by states and are applicable to all the municipalities within that state. Please see link.
What is a procurement officer?
A person within an organisation whom has accountibility for purchasing commodities
Is it possible to refinance a mortgage within 6 months of purchasing a home?
Yes, it is possible to refinance a mortgage within 6 months of purchasing a home, but it may be challenging to find a lender willing to do so due to the short timeframe.
