TITLE STATE: Yes. SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: Colorado Motor Vehicle Division, 1881 Pierce St., Lakewood, CO 80215. Tel: (303)205-5608. RECOVERY REQUIREMENT: Repossession allowed without committing a breach of the peace after 20 Day Right to Cure Letter from lien holder to debtor (except skips, leases, lack of insurance or third party possession). Must notify LEA with jursidiction within I (ONE) hour of repo.
PLATES: Remain with the debtor.
colorado
no, they will sue you for the balance owed after the sale
Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.
It may depend on how long they have tried to sell it for. They may or may not be able to. I suggest you contact a lawyer in this field and ask it should be free for this.
yes
You do. You were in possession of the car. The car was registered to you. Until the car is sold, you are legally and financially responsible for it.
Call your finance company.
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
No
no, they will sue you for the balance owed after the sale
A car that is actually YOURS cannot be repossessed, as it's paid off. If you have a vehicle being repossessed, they're able to do this because it's actually the finance company which owns that vehicle and possesses their title. A recovery agent can, on behalf of the lienholder, go onto private property in order to recover the lienholder's property - with limitations. They cannot cross a locked gate, and they cannot enter a locked building.
Instead of having it forcibly repossessed, you call your finance company and tell them you're voluntarily having it repossessed. They may send a tow service to collect it, or they may ask you to take it to the repossessor. It'll be repossessed, auctioned off, and the amount they get from the auction will be deducted from the amount you owe. The finance company may offer a settlement at that point for an amount less than what you owe on that vehicle - that's up to the finance company.
Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.
Yes, the truck belongs to the bank or finance company, not your personal items in it. Don't wait too long, things have a way of disappearing from vehicles and you have no way of proving something was in there.
yes because the finance company knows and if you know it may cause problems
no because the storage fee that the finance company charged you was what the repo company charged on the invoice. the finance company had no other reason to charge storage fee's they did not store it
It may depend on how long they have tried to sell it for. They may or may not be able to. I suggest you contact a lawyer in this field and ask it should be free for this.
Very little ! If you default on the payments, the finance company are quite within their rights to confiscate the vehicle. The camper does not become your property until you have made the final payment !