0
What else can I help you with?
Can a car that's repossessed be entered by towing company without authorization?
The order of repossession is their authorization to enter the car. If your car is being repossessed, it means there's a lien on it, and the lienholder called for the repossession to be carried out. You don't own the car - the lienholder does, until you pay off the lienholder and they relinquish the title to you. So yes, that tow company doing the repossession has every right to enter the vehicle they're repossessing.
If your car is going to be repossessed is it legal for you to sell it before the actual repossession?
Not without permission of the lender. A vehicle cannot be sold without a clear title of ownership. The lender is named on the title of a vehicle as the "lienholder" until the vehicle is paid for or otherwise released by the lienholder.
Does a finance company need a license in Ohio to retail a repossessed vehicle?
No, there is an exemption under Ohio law that permits finace companies to dispose of repossessed vehicle without a dealers license. Sale and title work is the same as a casual sale between individuals. No, there is an exemption under Ohio law that permits finace companies to dispose of repossessed vehicle without a dealers license. Sale and title work is the same as a casual sale between individuals.
As a cosigner can you have a vehicle repossessed without affecting the cosigner credit rating?
Nope.
Is a cosigner liable for the balance of a repossessed vehicle if the loan company auctioned it without notifying them?
READ your contract you signed. Call a local attorney for state specific legal advice.
Could a vehicle be repossessed without a written contract?
potentially, yes; consult a lawyer
If you park a car in a public storage garage and the space you rented is enclosed and locked - can the car be repossessed?
It depends on the contract you have with the storage garage. Some storage facilities require that property stored have no liens. Some state in their contracts that if a lienholder produces proper paperwork, they (the storage facilities) will allow them access to the liened property. In AZ, if you store property with a lien on it and refuse access to the lienholder, it is a felony ( ARS Title 13, Section 2204). But to simplify the answer, no, a repo company cannot pick, break or remove a lock to repossess a vehicle without a court order. They can open a gate if it is not locked. The Uniform Commercial Code states that when you sign the finance contract, you are authorizing the lienholder or it's agent (the repo company) to enter your property.
Can a car be repossessed in California without a lien being placed on the title?
IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.
Can you legally repossess your car with a lien on the title?
That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.
What can you do legally if your camper has been repossessed without anyone notifying you?
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 !
Can a car be repossessed without you knowing it?
yes because the finance company knows and if you know it may cause problems
If the cobuyer of a vehicle that was repossessed is going to reclaim the vehicle how does he get a clear Texas title without the other's name on it?
Make the idea known to the lender BEFORE you proceed. get it claer what is to happen.
