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What else can I help you with?
If your car is damaged while it is being repossessed who is liable for the damages the loan company or the repossession company?
The LENDER is responsible for every detail of a repossession. They may pass the costs of repair on to the repo company.
Can a repossession company keep your personal belongings for the storage fee in Wisconsin?
In most cases, a repossession can keep personal belongs for non payment. The company, however, must release them once payment is made.
What happens when you finace a car and don't pay it?
The lender may hire a repossession company to recover the vehicle. Attempts will be made to contact you, to give you the opportunity to surrender the vehicle. If this fails, repossession agents will be given an order to recover the unit, and you may walk out of Walmart or the Piggly Wiggly one night to find the vehicle is not where you parked it. Your ice cream will melt, your children will cry, and you will have to rely upon the kindness of friends or family to drive you around until you can convince another lender to write a loan for you.
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.
How do you get the money you put into a repossession of a car back?
That is not possible to recover money that has been invested into a car that has been repossessed. Usually there is a 10 day grace period to recover personal possessions from within the vehicle. If you want to recover money invested into the auto, try to get the vehicle back from the bank. Good luck!
Is it legal for an automobile repossession company keep your personal belongings in Arizona?
Repossession companies must give you the opportunity to recover your personal belongings. That being said, they need not do so at the time of repossession. If they store your property for any length of time, the may charge a storage fee. They are not required to hold your property indefinitely either. If you make no attempt to recover you belongings, the repossession company will dispose of it after 30-45 days.
Can A Finance company use lojack to locate your car?
Yes, a finance company may use lojack to locate and recover your car. They may also use repossession experts to pick it up as well.
Can a finance company check references for a repo car?
Any information you give the lender or the lender obtains in the attempts to recover the vehicle by repossession is legal to use for that purpose.
Can your car be under repossession after it has been charged off by the finance company?
Yes, a charge off does not mean that the debt is not owed nor collectible. The creditor/lender will generally use whatever means necessary to recover property and/or money owed, including repossession and litigation.
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
If you owe on your car and its towed will your lender pay the costs?
Only to recover the unit for repossession.
Do you need a repossession license to work for a repossession company in Michigan?
only a drivers license
Is it legal in Florida for a repossession company to charge you 4500 dollars to recover the personal property from your vehicle?
They can charge a fee if they have processed your stuff ..that is bagged logged etc..If what you have posted is supposed to be $45.00 that is not unreasonable.....$450.00 that is.
Does the repossession company have to report the repossession to the police after the repossession?
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
How can you get a copy of your repossession paper when the company will not help?
If it was a wrongful repossession, get an attorney and they will get a copy of it. Otherwise, what could you possibly do with it?
Where do you go for a part time job with a repossession company?
contact repossession companies or car dealerships in your area
Can lojack be used for vehicle repossession?
No they can't. It is strictly a service to recover vehicles that have been reported stolen.
