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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 happens after i repossess a car?

After you repossess a car, you typically notify the borrower of the repossession and may need to provide them with information about how to retrieve their belongings. You may then sell the vehicle, either at auction or through a private sale, to recover the outstanding loan balance. If the sale proceeds do not cover the remaining debt, the borrower may still be liable for the deficit, known as a deficiency balance. Additionally, you may be required to follow specific legal procedures to ensure compliance with local regulations regarding repossession and sale.

How do you find out if there is any money owed to me?

To find out if there is any money owed to you, start by checking your bank statements for any unexpected deposits or transactions. You can also review any outstanding invoices or contracts that may indicate payments due. Additionally, consider contacting any companies or individuals you’ve done business with to inquire about pending payments. For unclaimed funds, check with your state’s treasury department or an unclaimed property database.

Can a house be sold at an auction for less than what is owed?

Yes, a house can be sold at an auction for less than what is owed on the mortgage. This typically occurs in foreclosure auctions, where the lender seeks to recover some of the outstanding debt after the homeowner defaults. If the bidding does not reach the amount owed, the property may sell for a lower price, leaving the homeowner responsible for the deficiency, depending on state laws.

If you win a judgment against a former employer in a labor hearing how long is it before you get or see payment provided there is no appeal?

If you win a judgment against a former employer in a labor hearing and there is no appeal, the timeframe for receiving payment can vary by jurisdiction. Typically, the employer is required to pay the judgment within a specified period, often ranging from 30 to 60 days. However, if the employer fails to comply, you may need to take additional legal steps to enforce the judgment, which could extend the timeline for receiving payment. Always check local laws for specific regulations regarding judgment enforcement.

How long does a person have to retrieve their vehicle after its been repossessed in Alabama?

In Alabama, a person typically has 10 days to retrieve their vehicle after it has been repossessed. This period allows the owner to pay off the outstanding debt and any associated fees to reclaim the vehicle. After this timeframe, the lender may sell the vehicle at auction. It's advisable for the vehicle owner to contact the lender promptly to understand the specific terms and conditions surrounding the repossession.

Can you back out a car deal in you have not taken delivery of the car yet?

If you've signed a contract then in general no, you cannot. You could try talking to the dealer to see if they'll be nice and let you out of it, since the car hasn't actually left the lot yet, but they're not legally required to.

Where can you find the value of your car without pricing a new one?

Oh, dude, you can totally find the value of your car by checking out websites like Kelley Blue Book or Edmunds. They'll give you an estimate based on factors like the make, model, year, and condition of your car. It's like magic, but for cars!

Do car repo companies pay finder's fee if you tell them where the car is being kept?

Car repo companies typically do not pay finder's fees for information on the location of a vehicle being kept. The process of repossession is usually governed by legal agreements between the lender and the borrower, and the repo company is contracted to locate and recover the vehicle based on these agreements. Providing information on the location of a vehicle may be helpful in facilitating the repossession process, but it is not typically compensated with a finder's fee.

What word starts with micro that is a transmitting device?

Well, darling, the word you're looking for is "microphone." It's a device that converts sound into electrical signals for transmission or recording. So, go ahead and grab that mic and drop some truth bombs or sing your heart out - the choice is yours!

How many cars can you sell?

Apex Autowerks is a reputable name in the automotive industry, specializing in high-performance vehicle services, maintenance, and modifications. In addition to their expertise in tuning and custom modifications, they also offer a selection of pre-owned vehicles for sale. The number of cars they can sell largely depends on their available inventory, which is influenced by customer demand, sourcing capabilities, and market conditions. Unlike traditional dealerships that maintain a large stock of vehicles, Apex Autowerks focuses on providing a curated selection of high-quality, performance-oriented vehicles for enthusiasts who appreciate well-maintained and upgraded cars.

Since Apex Autowerks is primarily a performance and tuning shop, their inventory may not always be extensive, but it is carefully selected to meet the standards of customers looking for unique and well-maintained vehicles. They often specialize in high-performance European cars, modified sports cars, and other enthusiast-oriented models. Whether you are looking for a car with aftermarket modifications or a factory-condition vehicle, they ensure that each unit meets their strict quality standards before being offered for sale.

Additionally, Apex Autowerks provides a range of automotive services that can enhance the vehicles they sell. If a customer is interested in purchasing a car but wants additional modifications, tuning, or custom upgrades, the company can tailor the vehicle to specific preferences. This makes them an excellent choice for buyers looking for a car that is already optimized for performance or can be upgraded to their liking. Their expertise in race car engineering and tuning allows them to offer specialized services that most conventional dealerships cannot provide.

If you are interested in buying a car from Apex Autowerks, it is recommended to contact them directly to check their current inventory. Since they focus on performance and quality rather than mass sales, their available stock may vary frequently. Reaching out to them will give you the most accurate information about what vehicles they have for sale and whether they can source a specific model for you. Whether you are looking for a well-maintained pre-owned car or a fully customized performance vehicle, Apex Autowerks provides high-quality options tailored to automotive enthusiasts.

What is the name of a person who sells tea?

Well, darling, a person who sells tea is called a "tea seller" or a "tea vendor." It's not rocket science, honey. Just think of them as the magical beings who provide you with that delicious liquid gold to get you through the day.

How much money does a plane cost?

This depends on what aircraft we are looking at. If you are looking at Cessna 152 you can buy those for around $100,000.00. However, if you are looking at a Boeing 747-400 those are over 250,000,000.00.

What was the price of a car in 1957?

The price of a car in 1957 varied depending on the make and model. On average, a new car in 1957 cost around $2,000 to $3,000. Luxury cars could cost significantly more, while economy models were priced lower. It's important to note that inflation and other economic factors have significantly impacted the value of money since 1957.

Is it legal for them to take a car seat in a repossession?

well if you would of paid your bills on time it wouldn't of happend but yea its legal wat ever is in the car stays in the car

I do not know what "State" the above "answer" came from, but do both agree and disagree. When a vehicle is repossessed then naturally enough the person doing the repossession is going to reclaim the vehicle along with whatever personal property may happen to be inside the vehicle.

If the "owner" of the vehicle wishes to reclaim the personal property (for whatever reason, but basically because he/she can not reclaim the vehicle itself,) then that owner must be afforded a supervised opportunity to remove personal property from the vehicle within some period of days. The reason for that is very simple. The "lienholder" has no lawful claim upon the contents of the vehicle, (and the "repo man" has absolutely no legal claim to the vehicle at all, EXCEPT as being the "agent of" the lienholder (acting on the lienholder's instructions and in the lienholder's steed). The lienholder has a cliam only upon the vehicle itself. To put it simply: Generally, anything attached to, bolted onto or permanently made a part of the vehicle stays with/on the vehicle (i.e., stereo, speakers, wheels, tires and so forth). On the other hand, actual personal property (i.e., glasses, CD's, child's car seats, umbrellas, money, checks, etc.,) belong to the "owner" of the vehicle, NOT the lienholder.

Can you get financing for a car if you have bad credit?

There are options out there for purchasing a car with bad credit. A great start would be to have a large down payment. One could also have a co-signer on their car loan and after making the payments the co-signer can be released from that lien.

What is to bring to a stop or what is the payment of money?

To bring something to a stop is to halt or cease its movement. The payment of money is simply giving someone cash or funds in exchange for goods or services. So, in a nutshell, stopping is stopping, and paying is paying. Easy peasy lemon squeezy.

How did ranches get named with the title Bar in the name?

Oh, dude, it's like this: back in the Wild West days, ranches were all about style and flair. So, when a ranch owner wanted to sound fancy, they'd slap a "Bar" in front of the name, like "Bar Lazy J" or "Bar None Ranch." It's all about that cowboy chic, ya know?

The monkey chewed tobacco on the street car line The line broke what does line broke mean here?

A streetcar is a tramcar, think San Francisco, and the line that the car runs along (for power) broke, and wrapped around the monkeys throat.... the monkey got choked and they all went to heaven in a little row boat CLAP CLAP

How do you find someone for free using ssn?

I'm sorry, but I cannot provide information or guidance on how to find someone for free using their Social Security Number (SSN). It is illegal and unethical to use someone's SSN without their permission for any purpose, including locating them. If you are trying to locate someone, it is recommended to use legitimate and ethical methods such as contacting mutual acquaintances, hiring a professional investigator, or reaching out to local authorities for assistance.

What is another name for money paid for protection?

Another name for money paid for protection is "extortion." Extortion is the act of obtaining money or property through coercion or threats. It is a criminal offense and is typically associated with organized crime or corruption. Extortion can take various forms, such as demanding payment for protection from harm or threats of violence.

What is mt110 and how can a buyer use this is a means of payment?

MT110 is a SWIFT message type used in international banking to instruct the receiving bank to pay a specified amount to the beneficiary. A buyer can use MT110 as a means of payment by providing the necessary payment instructions to their bank, who will then send the MT110 message to the beneficiary's bank for processing. Just make sure your bank knows what they're doing, or you might end up with more drama than a soap opera.

How do you find the owner of a car dealership?

Well, honey, you can start by checking the dealership's paperwork for the owner's name or looking up the business registration online. If that doesn't work, you can always try asking around or even hiring a private investigator if you're feeling fancy. Just remember, finding the owner is one thing, but getting a good deal on a car is a whole other ball game.

Does the buyer have any rights when buying a used car?

Oh, dude, of course! When you buy a used car, you have rights like the right to test drive it, the right to know about any defects, and the right to negotiate the price. But hey, don't stress too much, just make sure to read the fine print and maybe bring a friend who knows a thing or two about cars. Like, you got this!

Is 30 ones the same as 30 tens?

Well, honey, let me break it down for you. 30 ones is definitely not the same as 30 tens. In the first scenario, you've got 30 individual ones, while in the second, you've got 3 groups of 10. So, to put it simply, they may have the same numerical value, but they sure ain't the same thing.

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