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Repossession

Seizure of property bought on credit for which loan payments are not being received. Please note that when asking a car repossession question, it is often useful to include the state that you live in. This will enable people to give you better answers.

11,694 Questions

WHAT TEST do you need to become a repo man in Michigan?

what do i have to do to become a repo man in Michigan

What is a wreck?

Normally the term wreck is used to describe a situation when two objects, at least one being a vehicle, try to occupy the same space at the same time, also known as an automobile accident. "Wreck" can be when two vehicles collide with each other or if one vehicle collides with another object such as a tree, ditch, house, telephone pole, etc.

What the advantage of base collector?

The advantsge of being a base collector is that u will get lots of pussy. and make money doing it. The advantsge of being a base collector is that u will get lots of pussy. and make money doing it.

Your boyfriend co signed on a car for you you are both on the title you make all payments and have proof If you leave him can he report the car stolen?

No. however, since both of you are titular owners, beware: he cabn come and take it and it will not be theft. You should get him to sign a transfer of title (see the rules for such in your state motor vehicle agency), or sue him for "equitable" title. You will need proof of your payments.

What are your rights if your car is repossessed in Texas?

If your car has been respossessed, you no longer have the right to continue paying it off because they have lost faith in your ability to make payments. The bank has already paid about 500 to a tow truck driver to find and recapture the vehicle. However, you could buy it back at auction. See your bank for the auction date.

What happens if my mom cosigned on an auto loan and I file for bankruptcy?

Your mom will be responsible for the debt and if she does not pay it could affect her credit, she could be placed with a collection agency or sued in court.

What is a finance charge?

A finance charge is interest charged by a lender on the unpaid balance of a loan.

Does the DMV get notified of a reposession if they have not found the car yet?

No. Only when the vehicle is repossessed and always once the licence plates are turned in.

How can you check if a sale has closed on foreclosed property?

BECAUSE IF IT AINT ON SALE THEY WILL TAKE OF THE SIGN AND IF IT IS THEY WILL PUT A SIGN THAT SAYS FOR SALE

Can you sell a car if you are behind in payments?

You can sell it but you need to obtain enough to pay off you creditor so you can obtain title and change it over to new owner.

How do you arrange a short sale with your lender?

Call them and ask for the loss mitigation department.

Tell them you are interested in doing a short sale. They will most likely tell you that you need to follow their specific rules and paperwork and to find a local Realtor. Selling your property won't normally be the problem. Getting the bank to respond and start working with you is the problem. You will want to get an authorization letter for whoever will be communicating with the lender on your behalf.

Quiz your potential Realtor on how many short sale they have completed (should be more than 20) and if they have worked with your bank. You are probably best served to find a negotiation company to do the work for the Realtor. These companies are on the phone all day long with the banks and tend to get the job done. There should be no charge to you, they get paid from the Realtors commission that is paid by the bank.

Who owns the vehicle if you are the primary on the vehicle loan?

The lender owns the vehicle until it is payed for by the lender. The Primary lender will own the vehicle once it is payed for. It also depends on whose name appears on the title.

Storage fee letter?

we have a tour bus left here at our location since repairs were

completed, 1/05/12 what day can i start charging storage fee, and how much is the limit

What happens if a repossessed vehicle is from a deceased person?

Cannot imagine that the process would be different than if the person was alive. The estate would be responsible for remaining loan amounts.

How do you write a thank you letter to your boss for all the help when he is leaving from the organistaion?

it's not so different from any other thank-you letter.if you're not very confident you could buy a thank you card which only leaves a small space for your message.it's the thought that counts-you gone to the trouble of marking the occasion.say how helpful he's been,why you appreciated his help/advice,wish him good luck in his next post,say you'll miss him for his positive contribution.

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