0
What is statute of limitations for car purchased 2003 and repossessed mid 2005 at borrower request?
If by "statute of limitations" you mean how long will you be responsible for any unpaid balance, that would be seven years from the date of last payment. If in the likely event that the lender obtained a judgment against you for the unpaid balance, that time limit will increase to ten years from the date of last payment. If the lender is not able to recover the unpaid balance in that time, he may petition the court for a ten year extension.
What else can I help you with?
How long does it take for a car to be repossessed after the request was made to repossess it?
The time frame depends upon the lender. Regardless of whether the repossession is voluntarily done by the borrower or a forced repossession by the lender the consequences remain the same. The borrower will be responsible for any deficiency between the amount that the repossessed vehicle is sold for at public auction and the remaining balance on the loan agreement including added fees and penalties. The respossession will also remain on the borrower's credit report for the required 7 years. Be advised, a lender has no legal obligation to recover the vehicle but can instead file a lawsuit against the borrower for the entire amount of the loan plus legal and other associated costs.
What is a drawdown request?
A drawdown request is a formal request made by a borrower, typically in the context of a loan or investment, to access a portion of the funds that have been approved but not yet disbursed. This process often occurs in stages, allowing the borrower to withdraw funds as needed for specific purposes, such as project financing or capital expenditures. The request usually requires documentation to verify the intended use of the funds and may be subject to lender approval.
How can I request a 1095-A form?
To request a 1095-A form, you can contact the Marketplace where you purchased your health insurance. They can provide you with a copy of the form for tax purposes.
How do I request a 1095-A form?
To request a 1095-A form, you can contact the Marketplace where you purchased your health insurance. They can provide you with a copy of the form for tax purposes.
How do I request my 1095-A form?
To request your 1095-A form, you can contact the Marketplace where you purchased your health insurance. They can provide you with a copy of the form for tax purposes.
How can I request a refund for my Northlane concert ticket if I purchased it with a card?
To request a refund for your Northlane concert ticket purchased with a card, you should contact the ticket seller or the venue directly and provide them with your purchase details. They will guide you through the refund process, which typically involves filling out a refund request form and providing proof of purchase.
Clear car title car for repossessed car?
098765445436376547274574 After the vehicle is repossessed and the lien holder (lender) has physical possession of the vehicle (after following state law requirements) they would simply request, and pay for a new title at a cost of a few dollars, and upon proper proof of a proper repossession.
In 1867 US Secretary of State William H Seward purchased Alaska for?
It was purchased for $7.2 million.For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated below this answer box.It was purchased for $7.2 million.For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated below this answer box.It was purchased for $7.2 million.For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated below this answer box.It was purchased for $7.2 million.For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated below this answer box.It was purchased for $7.2 million.For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated below this answer box.It was purchased for $7.2 million.For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated below this answer box.
I have a borrower who was denied last year by a lender. The lender will not release a copy of the MCAW for my lenders file. What can I do to get this lender to release this.?
Have the borrower request in writing to have their file released to --you -your busines name,address, phone ,cell immediately-if they are in the same city-have the borrower go get it or you go to their office After politely seeing if they just got a fax from THEM_and they will be verifying they got the faxed letter--and you will say-Good--can I come and get it ____Xtime--orNOW? and GET IT.
Will sending a finance company a cease and desist letter allow someone to keep a car?
No. A C&D letter is simply a request to cease contact. The vehicle can legally, and probably will be repossessed.
When a mortgage insurance typically required?
Mortgage insurance is typically required when a borrower makes a down payment of less than 20% of the home's purchase price. This insurance protects the lender in case the borrower defaults on the loan. It can be in the form of private mortgage insurance (PMI) for conventional loans or government-backed mortgage insurance for FHA loans. Once the borrower reaches 20% equity in the home, they may be able to request the cancellation of the mortgage insurance.
What type of services can be purchased from the ThinkVantage website?
There are many services that can be purchased from the ThinkVantage website. One could obtain drivers and software, find out information to diagnose and fix a product, or submit a repair request.
