0
YOU are responsible for the car to the loan is payed off. The more it sells far after repo, the less you will have to pay later. get the car back, clean it up, and give it to the lender. WHY??? Folks who drive cars that don't cost them anything usually don't take care of them and the car isn't worth much when it gets to the auction. Basically you are GIVING them money that YOU will have to pay back. Its NOT good.
What else can I help you with?
Your car was repossessed and is now parked in a public place can you take it back?
Not without being a car thief.
Can a person who had a vehicle repossessed take the vehicle back and it not be criminal in Washington State?
Probably not. You'd have to ask an attorney.
When your house is repossessed can they take your possessions?
If they forclose and you are not out by the deadline whatever is still in it is usually forfeited (generally) but check laws in your state.
What happens to the tags on a car when it has been repossessed?
They take out the personal belongings. This includes the tags. Check with the repo company or lender for that stuff back.
Can a trailer be taken that is attached to a truck being repossessed?
They can only take whatever it is they have an order of repossession for - if the trailer is not included in their order of repossession, they cannot take it.
If spouse buys you a car can dealer come take car if he is not paying on the loan?
Yes a vehicle can be repossessed if the loan is not being paid on.
Can a repo man take a truck and trailer?
Most usually they are empowered to take items where you haven't made the payments. If both the truck and trailer were being repossessed, then you are stuck.
Do they take a repossessed car to a local lot?
Typically, no.
Can a repossession agent take a car without telling you where it's being held?
Yes. When the vehicle is repossessed it no longer belongs to you and there is no requirement to tell you where it will be stored.
Can a car that a husband used as collateral to buy a van that was repossessed be seized by the lender if the car was awarded to the wife when the couple divorced?
You will have to take it up with the bank who repossessed the van. Since the car belongs to you, they should not be able to take it away from you. The laws may vary state-by-state. Talk to your divorce attorney to be sure you are protected. * Legally the vehicle could be seized if a deficiency remains after the repossessed van has been sold. This is possible because the transaction was made during the marriage and terms included in a divorce have no bearing on valid lending agreements.
Can they take your personal property if a used car is repossessed?
yes
What happens to cars?
Repossessed cars are typically cleaned up and resold on a dealers lot. However, if the lienholder (the person who repossessed it) feels that it will cost too much to restore the vehicle to a sellable status, they will just put it in an auction and take whatever they can get for it. Repossessed cars are first examined fully to determine the remaining value of the car. If the car is suitable for repossession, it will be resold to another person for a discounted price.
