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Any item that has a "note", or a contract that you are paying on, can be repossessed if you do not pay. These can include:
- cars
- trucks
- motorcycles
- boats
- recreational vehicles
Also, a repossession can be initiated if it is illegal for you to drive. For example, one person is not allowed to put a car in their name with the purpose to allow a non-licensed driver to have possession of the car. The person who is legally named on the title can re-possess the car to rectify the wrongful decision to circumvent licensing laws.
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What are some of the items that Canadian Tire in Canada sells?
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How can you get your possessions from your repo car?
The repo company will remove personal items from vehicles they repossess. They'll typically charge a storage fee for you to retrieve those items.
Can the state of North Carolina charge for personal property when they repossess your car?
The state doesn't repossess your car - private companies do that on behalf of the lienholder. They don't charge you for private property left in your car when they repossess it - that would be illegal. They charge a "storage fee" for the items they remove from your car. Underhanded, yes, but they can legally do it.
Your husband and you are separated and he has a personal loan in his name alone that is secured by your jointly owned appliances and furniture Can lenders repossess jointly owned items if he defaults?
Yes.
Can a dealership repossess your car if they are not the lien holder?
No. The lienholder is the only entity with a right to repossess.
Can a finance company repossess your car if your license is suspended?
They won't repossess it for your license being suspended, but they can repossess it when you fail to make payments, regardless of what the current status of your license is.
What is Texas law on repose can they repossess from me because i was rude being rude?
They are not going to repossess a vehicle because you were rude. They can however repossess it if you miss just one payment.
Do you have to have insurance to repossess a vehicle in South Carolina?
No, you dont even need keys to repossess a car in South Carolina
If you have two car loans at one bank can the bank repossess both even?
Yes they can repossess everything that you got a loan for.
Can a finance company repossess a car if more than half has been paid?
They can repossess with any amount owed if unpaid.
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.
How can i repossess a truck and recreation vehicle?
First, you need to have a lien on the items in question, and the purchaser must be noncompliant with the stipulations of the contract. If you don't plan on taking possession of the vehicle's in question yourself, hire a recovery agent to do it for you.
How will you find clients to repossess for?
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