Repossession

A BACS payment can go in during the same day and immediately in some cases, depending on the bank and whether the payment is a regular payment. Payments between the same banks usually go through in a day and in some cases immediately. Transactions between different banks usually go in within a day of being processed. Others may take up to two days the reason being, If the money is seen to be entering your bank on the same day you may not be able to withdraw from it as the creditor will have the option to reverse the payment up until the close of business, and for this reason may not be able to draw on the funds until the following day. Best idea is to call your bank as they would be able to see incoming transactions and will advise you as to when you can draw on the funds.

No they cant only the behind on its payment can be taken.Even if the same bank is used on both cars only the car behind on payment will be taken.

when a car is impounded you can get it back, by showing paperwork and paying some fees. when your car is seized, its gone, you can't have it.

This could vary from state to state. When we obtained our licensing it clearly states that we cannot move any property to get to our Mark. Also, unless given consent by your neighbor they have all the right in the world to pursue the repossession company for trespassing charges and any property damage reparations. I would call the police (not 911) and have a police report made along with pictures of the grass and furniture move to help the case.

Unfortunately, unless the property is fenced in with a locked gate the repossession man is allowed to come on to your property to remove the item under repossession. In fact, if you attempt to physically remove him he can pepper spray you in order to protect himself. They have the right to enter your property and reclaim the goods. However, he can not enter your home, a garage, or dwelling. If it is a car, and it is in the driveway he has the right to come on your property and remove it. They cannot move any of your or anyone's property to attain the vehicle, so if you park another vehicle in front of it he cannot move that to get to yours.

Amount of money that a bank might lose because of its loan not being fully repaid.

He is checking to see if the trunk is unlocked, and whether or not the car is running. It also allows him to feel movement in the car that he may not see.

Actually it is to leave fingerprints on the vehicle in case the traffic stop goes badly. This helps the prosecution establish proof that the police office was in "contact" with the vehicle.

While there are many occasions when a Game Warden or other Peace Officer may legally enter private property, that property is still deemed private.

Yes, you can register a car if the title is in someone elses name. The title is a record of the owner - the registration is a record of the driver - and in many cases these may be different people, for example, a mom letting her son borrow a car for college, borrowing a friends car for an extended time, husband and wife, etc.

Different states require different things to do this, in my state, I borrowed a friends car for over a year and walked right in to the DMV and registered it no problem. Some states require a signed document by the title holder, or some states require the registrant and title holder to go to the DMV together. Some states will allow more than on registrant on a car registration, such as a husband and wife or two roommates sharing a car.

You don't. Let your friend register his own vehicle.

hrblock says i owe them money for preperation fees .i need to know how much?

Yes, you are in default. Go to the bank and get a modification agreement. Depends on what your state laws are and what the contract you signed states. In most instances they can repossess it if you miss one payment. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor

It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car

In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car

Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency

A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment.

heaps

It may vary by state, but car repo (snatch and run) is against the law in Louisiana. If the repo man shows up wanting you to sign some papers, and has a cop sitting close by, don't worry. By law, if you don't sign that piece of paper, they cannot take your car. (The cop and repo guy are friends, or just got a kick back.) But it's easier to do that than go to court and end up paying the court fees also.

Sometimes. It depends on the contract with the lawyer and what his powers of representation entail. Usually he/she will have certain "powers of attorney" implied in the position as your representative. Negotiating terms of payment and specific interest is usually discussed with a client before any action is taken.

it all depends on what you mean by age requirment. if you are talking about drivers license then the age is 16. If you are talking about purchasing a vehicle then the age is 18 and some dealers require a cosigner until the age of 21.

well you wont to know how long it takes to get to LA in a car ? well if you live in san Diego , not long ! but if you live in sydney ,, IT WILL TAKE A BLOODY LONG TIME !!!!!!!!!!!!

Depends on your credit rating and employment history and savings. I guess you could say the make and model and perhaps,condition of the car and if you have other collateral and whether you've dealt with the bank or credit union before. Off hand the Credit Union would be the first place to check

wht is DP payment...if any company issue DP payment to me is safe or not

it is like Tt payment? how the diferrent Tt payment & DP payment?

Hope your can rely it

i need sample that letter mentioned staff to settlement of the money and the closing with account number

If you want to get a lien on a car you have to go to the court house where the person lives who has the car and file a lien with the proper paper work in the clerk of court office. Get them to show you examples of the paper work you need, then draw up your lien , get it notorized and then file it at the clerk of court office. don't know where your state is but in Georgia it cost $10 - $15 at some court office's. I've had to do this before.

You will be charged each time the representitive turns up to Repo!

Currently about £300.

These costs will be added to your outstanding monies due + admin charges!

If the car is not available for collection, they may then seek a court order to remove other property to the value of!

Again you will be charged for their visit!

Even if they repo the car, you can still owe them, as it may well sell for considerably less than you owe + collection fees, + admin fees, + auction fees!

Hiding the car just makes it more expensive for you!

My advice, is give them the car, in todays economic climate you may be able to get away paying them costs as they have something to sell!

Good luck!

2 things

1) he did get 'fired' in the episode when he flipped over the car

2) he's an actor so he never really got fired and, if so, he will be back

Jonas girl80

I don't really know if the show is fake or what I mean is everything on truTv fake? I don't think so please tell me!

He is correct on the first thing but all things on tv is not fake

Matt just got fired again recently aired on 10e08 for making a mock at Carlos.

Well, there's one guy standing there with one at the bus stop...he's not just gonna give it to you...so you'll have to train up, and beat the daylights out of him to get it.

a common man.