answersLogoWhite

0


Best Answer

READ your contract. Lenders MUST remove your personal property to inventory and store it. It HAS to be returned to you within your states guidelines, usually you have 30-60 days to get it back. IF you dont get it back, it will be disposed of. They cant sell your car with your PP still in it. No they can't take your personal possesions although some repo people do.Do not waste your time reading your loan agreement it only deals with the car. If stuff is missing you should sue the lender and later the repo guy. We are required to clean out all repos.Well,the bank won't pay you for this requirement so guess who will,and if you don't,your stuff just became my stuff. ANSWER unfortunatelly bank have nothing to do with what is inside your car. they reposses the car not your private belonging.However while it is inpounded those people will swap batteries tires and steel anything that is portable. Your fight is with the repossing company for those items missing But with no proof whistle dixie.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is it legal for the bank to take things out of a repossessed car when they know that you want your personal stuff back ie money or electronics.?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Are there such things as safe and legal steroids?

yup! marijuana is my personal fav!


Is bigadda legal?

Bigadda is the name of a shopping website that is based in India. It is perfectly legal to shop the site where things such as electronics, stationary and kids items can be purchased.


Is it legal in the state of New York to be charged a fee to collect your personal belongings from a repossessed vehicle you don't plan to get back?

Yes. It is your personal property. It is taking up space on the property of the repossession agency. They may charge you for using that space.


Can a house be resolved and the arrears paid after it is repossessed?

It is possible to work out a deal with the bank after it is repossessed. However, a new loan or legal agreement will have to be signed.


What are your rights when it comes to a car that just has a payment for half of the remainder owed and the private party it was being bought from has repossessed it for personal reason?

If the repossession occurred in a state that does not permit self-help repossession, report the car stolen; it cannot be legally repossessed. Louisiana and Wisconsin are two of these states. If you can show legal possession of the vehicle, and on time payment, report the car stolen. It cannot be legally repossessed in any state unless the debt is delinquent. If you do not wish to involve LEO's immediately, contact the private party who "repossessed" the vehicle and explain that if it is not returned within a reasonable amount of time, that you will report the vehicle stolen and give his name as the party responsible. There is no legal "personal reason" for repossessing a vehicle.


Are you allowed to retrieve personal property from a repossessed vehicle in North Carolina?

Yes, the business where the vehicle is located must allow the retrieval of personal items from the impounded vehicle, and is required to keep those items secured until they have been returned to the legal owner or the court rules otherwise.


What if bank did not notify you of the sale date on the repossessed vehicle?

They do not have to notify you. You have no legal rights regarding car.


Can a person sell personal things when they have been incarcerated but have not been convicted or sentenced?

If those "personal things" are owned by the individual and can be defined as lawful items there are not laws forbidding such action. For example, the individual might wish to sell his or her personal belongings to pay legal expenses.


Does having the title to a repossessed truck give you any legal rights?

NO, the truck probably has been sold already and the lender got a repossessed title to sell it with. Of course they do make mistakes. LOL


Does a person who shares the title on a car but who is not on the loan have any legal responsibilities if the car is repossessed?

NONE on the loan.


What is the legal process by which a mobile home is repossessed?

That would depend on which province or state that you live in. -You haven't said.


If you default on a personal loan what can happen?

The lender will begin collection proceedings against you. Being a personal loan, if like most it is secured only by your signature, likely as not the lender will go legal as quickly as possible so as to secure the debt with a judgment and allow for greater variety in collections. If the loan is secured by property, count on it being repossessed.