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Most generally the agent must not breach the peace. There are specific laws pertaining to repossession agencies that are different in different states. However, for the most part, as long as the peace is maintained, and it is a self-help state, there is nothing more the agent must do.
What else can I help you with?
What is the process of house repossession?
House repossession refers to the process by which a financial organization takes ownership of the house as collateral due to failed payments or inability to pay.
Can a car be reported as stolen because the loan went into default?
Can it? Yes, by the lender in some case. If the debtor is actively attempting to hinder repossession in many states, or if the vehicle is in possession of a third party who is not on the loan or vehicle registration, then a repossession agent may file a stolen vehicle report. Most will not, preferring to allow the lender to take such action instead.Can it be reported stolen by the debtor once repossession takes place? Often vehicles are reported stolen after repossession happens. However, this is a cautious area. Most debtors already know the vehicle is being sought, and law enforcement takes a dim view of filing false or malicious reports.
What is a repossession fee?
A repossession fee is a charge incurred when a lender or creditor takes back an asset, such as a vehicle, due to the borrower's failure to make timely payments. This fee typically covers the costs associated with locating, towing, and storing the repossessed item. It can vary based on the lender's policies and the expenses involved in the repossession process. Ultimately, the borrower may be responsible for this fee in addition to the outstanding debt.
When that communication takes place?
it is when you have to say something to others :)
Type of lien that takes first position in foreclosure?
Real property tax liens(s), followed by the holder of the oldest recorded lien.
What does pre-repo status mean?
Basically, it means last chance to pay before repossession takes place. The procedure for repossession is in progress.
How does rain take place?
Relief rainfall takes place when evaporation,transpiration and condensation takes place followed byprecipitation
How late can a vehicle payment be in Virginia before repossession?
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
How long does the repossession process of a car usually take?
The repossession process of a car usually takes about 6 months
Where does the book Rules of Attraction by Simone Elkeles take place?
The book takes place in Boulder, Colorado.
What was the time period the book Rules by Cynthia Lord take place in?
The book "Rules" by Cynthia Lord takes place in modern times, specifically in the early 2000s.
What vessels carry blood to larger areas?
arteries, followed by arterioles, followed by capillaries where the actual chemical exchange takes place with body tissues.
Is followed a pronoun?
No, the word 'followed' is a verb; the past participle, past tense of the verb to follow. The past participle of the verb also functions as an adjective.A pronoun is a word that takes the place of a noun in a sentence.Examples:Jim followed the dump truck until it turned off the highway.The word 'followed' is a verb, what Jim did.The pronoun 'it' takes the place of the noun 'truck' in the second part of the sentence.Jim has a well followed website which hewrites himself.The word 'followed' is an adjective describing the noun 'website'.The pronoun 'he' takes the place of the noun 'Jim' in the second part of the sentence.
What is the process of house repossession?
House repossession refers to the process by which a financial organization takes ownership of the house as collateral due to failed payments or inability to pay.
What are the rules if a horse is backed anti post and it is withdrawn before the race takes place?
money back
Does the bank have to tell you they are going to repossess your car.?
Yes, the bank must tell you that your vehicle is being repossessed. The bank will usually try to reconcile the debt before the repossession takes place.
What is the definition of repossession?
Repossession is when something is returned to its original owner. An example would be when a car payment is not made, and the owner of the car's title repossesses (takes back) the car.
