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What else can I help you with?
What are your rights after a bank take your property?
Unfortunately, if you failed to file court papers to stop the bank from repossessing your property, then shame on you. You could have stopped the bank from repossessing your home by taking them to court. In answer to the question above, once the bank takes your property you no longer own the house or the property. You will put out on the street and the house sold to another buyer. You no longer have any rights to the house or the land if you own both.
What happens when a co signer dies and you stop paying on car loan?
bank takes back
You owe finance ona car but cant afford the repayments what can you do?
You should contact the finance company. Perhaps, you can make smaller payments and stretch out the loan or perhaps you can turn the car in and avoid them the trouble of repossessing the car in exchange for not having your credit ruined.
What if bank does not utilize Stop Loss?
Bank should be responsible
Can you explain how financing a car through a bank works?
Financing a car through a bank involves borrowing money from the bank to purchase a vehicle. The bank pays the car dealership on your behalf, and you repay the bank over time with interest. The bank holds the title of the car until the loan is fully paid off, and if you fail to make payments, the bank can repossess the vehicle.
Can a tow truck just take your car?
If they are repossessing the vehicle for the bank, Yes.
What are your rights after a bank take your property?
Unfortunately, if you failed to file court papers to stop the bank from repossessing your property, then shame on you. You could have stopped the bank from repossessing your home by taking them to court. In answer to the question above, once the bank takes your property you no longer own the house or the property. You will put out on the street and the house sold to another buyer. You no longer have any rights to the house or the land if you own both.
What is the procedure to reposses a car in Idaho?
We come out, at any given time, take the car, and you call your bank and ask how to get it back. I do a lot of repossessing in Idaho. We just come out. You can pay all but 5 cents of the car off, and since you have been in default, they can take the car.
Can a car be repossessed from your employers private driveway .?
Yes. If the person repossessing the car finds it then they can take it!
How do you go about repossessing your car in Kentucky?
Repossess your own car? What did you do, meet your wife at a family reunion?
How do you reposess a commercial vehicle?
It's more the same as repossessing a car.
Will the bank garnish wages after repossessing a car with a deficiency on it?
They can but there is no telling how fast they will get to it. They have to go thru lawyers and the courts first. Most cases this can be avoided by setting up some sort of payment plan.
Towing driver damaged car repossessing it so who is responsible?
Towing driver.
Can they reposses the car 24 hours a day?
Yes. There is not much point in repossessing a car for only a part of the day!
Does the repossession company have to notify the police that they are repossessing a car before they take it in Missouri?
Yes
What if Bank says give car back now and you wont owe money?
The rules vary somewhat by states. Also some contracts are written differently. In some places you could be charged with fraud or theft if you keep the car. In some places you can be sued for the cost of repossessing the car. In most places you can simply expect a tow truck to show up in the middle of the night or early morning and tow the car away. IT IS STRONGLY ADVISED NOT TO MESS WITH THE TOW TRUCK OPERATOR. They get very upset when repossessing cars. If you don't think you owe the money, talk to the bank right now while you still have your car.
Do you have to have a repossession license to repo a car if you work for or own the car lot that is repossessing it?
general rule NO, but check with your state to be sure
