Repossession

It depends on that person's will. Any inheritance may go to their family. The state's probate succession laws determine what should be done with the deceased's share of the inheritance.

In most states, it is not necessary for the mortgage holder to also be listed on the title of the home. For example, I may purchase a home for my mother...the mortgage is in my name, the title to the home is in hers. Of course, the lender/bank is the actual owner of the home until they are paid in full.

There are so many questions that have to be answered before a good answer can be given to you. Are you also going to be listed on the mortgage? If not, then the "other person" is essentially buying the home from you...or for you. In either case, you should start by contacting a mortgage broker (not a bank, they are very different) and telling them what you want to do. Since every state has different rules, they can tell you exactly what you need to do and they can also get your "other person" in to get qualified for a loan.

If you're going a dedicated car lease transfer website, the timeframe can usually vary from 10 days to 6 weeks. This is because there is paperwork that needs to be transferred and disseminated between at least three parties - the lease seller, the lease buyer, and the finance company.

Repo people are the scum of the earth. They are nothing more than prostitutes for finance companies. Yes, the can follow you as long as they do NOT try to physically remove you from your vehicle. That would be an assault. If they enter your private property, you can tell them to leave, if they don't, that is criminal tresspassing. Anytime you park your vehicle, either have it parked in a closed garage or have it blocked by other vehicles. Repo folks cannot enter a closed garage (at your house) or remove any vehicles blocking your vehicle. Repo folks can have keys cut to your vehicle WITHOUT your permission. Repo folks can tell you by law, you must give up your vehicle to them...THAT IS A LIE I am in the towing business and they cause so much trouble for towing companies. If you get out of your unattended vehicle for just an instance, consider your vehicle GONE ........

Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.

As far as I know, they can sell it the same day they repossess, unless there is some provision in your loan contract. But the car actually is theirs. That is what repossession means. They have the title, because when you signed the loan contract, the loan company actually bought and comletely paid in full for the car from the dealer, and then allowed you to drive it while you paid them back in installments. The loan company actually completely owned the car from day one, you never actually owned it. So, when they repossess, they are taking their car back away from you. They can sell it anytime they want. If they are nice, they may give you the opportunity to catch up the payments, and drive it again. All that is completely up to them, providing there wasn't some clause in the loan contract that prevents them from doing that, but I seriously doubt that.Here is an interesting side note. Most loans require you carry full coverage insurance on the vehicle at all times. If you let that insurance drop, they can repossess the car, even if your loan payments are up to date.

No. You cosigned on the loan. You are the bank's back-up payment if the first person defaults on payment and you become responsible. That is why it is very important that you trust the person you cosign for or you have the funds to pay for the car if they default. If you pay for the car, it becomes yours. Before it was repossessed, the bank should have notified you in writing. Then you have the option to take the car and pay for it.

Both credits will by hurt substantially.

No, all SS benefits are exempt from garnishment or attachment for creditor debt of any sort.

"Your new car had a problem with the trunk latch and has been back to the dealer twice for repairs and still is not fixed can you make them take the car back?" This is such a minor problem, they should be able to fix it! Or replace it! The part that is. If you like the car, it doesn't make sence to try and get them to take car back for a faulty trunk latch. Check the laws in your state, for a "Lemon Law" They have so many chances to fix the problem, if they can't fix/repair or replace within alotted warranty time, then they might have to replace car. Make sure you check "Your State Laws" Keep good records of every attempt at the repair, get a slip showing that it was in for that problem, with the times and dates clearly marked on service slip. If they don't get it fixed or your not satisfied with it, and they won't deal with you any other way. Then you will have to notify your Attorney General, and/or Better Business Bureau, and possibly file a complaint with the local Police Dept in the same City/Town as Dealer is in. Good luck, PS: Another possiblity is to just repair it yourself or have a friend with mechanical no-how do it, if the cost of parts are involved, and you have service slips showing it was at dealer numerous times, then bring old part to dealer and ask them for reimbursement, this isn't a gaurentee for them to pay for parts, but it would be worth a try, some dealers are civil, and others just don't give a darn. Your a small fish, in a big lake to them. Just don't buy from them again, and never give a good word to anyone about them either. Dealers don't like bad reps', They want and need business. Again, Check you local/state laws, they vary all over. You could be intitled to your state laws, plus the laws of state the dealer is in, if it's different from yours.

If it was a part of the bankruptcy process, no, you aren't responsible. But it has to be specifically spelled out in the petition.

you can find it either through carfax,com or you can see thru the Department of Motor Vehicles.

You would owe any payments not made up until the day the car was taken. So, if you hadn't paid for two months and they took you car, you would owe those two months.

The borrower would owe all back payments and penalties plus any difference in the amount of the loan and the amount for which the vehicle is sold.

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You have to take into consideration that the lender might not be able to sell the car and get enough from the sale to pay off your loan. So if there is a discrepancy between what you owe and what they sold the car for then you owe the balance.

When a car has been repossessed, the purchaser is liable for any balance that remains on the car if it is sold by the lender. The balance that the lender is looking to collect will include the fees charged to them by the repossession company, storage com, and the selling agency if they do not sell the vehicle themselves. Additionally, interest will continue to accumulate on the balance until the car is sold or the original owner re-assumes it.

If the car is sold for enough money to cover the balance then the original purchaser will not have to pay any past due payments. If the car sells for less than the balance due, the original purchaser will be liable for the balance and interest will continue to accrue on this.

Not really. if they gave the car back, well ok, if they kept the car you have investment in the car that you can use on your side. They are probably showing you who's the boss. Be nice to them and work with them.

YES just because your vehicle is not currently being driven or is in a shop because it is not driveable does not mean that you stop paying for the car unless you would like to incur late fees or risk the chance of reposession... if its at dealership, yes... unless you return it or ask for a price reduction... but that would have to be major damage or work

No, Ohio is not a community property state, therefore debts solely incurred by one spouse are not the responsibility of the other.

well it depends on why it has been impounded but most of the time all you have to do is go to the place where it has been taken and pay a fee to them and usually they will give you your car back

You will need to show proof of ownership, usually the title, and present proper identification. If there is no "hold" on the vehicle per law enforcement, you will sign the necessary release documents for the impound company and pay the pending fees. Reciept will be issued and the vehicle released to you.

ABSOLUTLY NOT, UNLESS YOU ARE STORING IT BUT NOT FOR DRIVING PURPOSES

A trustee can keep a case open anywhere from several months to several years if they discover assets. They are allowed time to collect the assets and then sell them. After that, they will notify and distribute the money to the creditors.

You need to provide the bank with written documentation proving your case. Show them what paperwork you have and they have to change their information.

If you are filing for bankruptcy, and you try to cosign -- two things can happen. 1. the lender will turn you down. 2. If the court finds out you have applied for credit the bankruptcy can be stopped. If you mean that the car and loan will be for you during or after the bankruptcy, this still has to be disclosed and again the bankruptcy can be stopped.

ONLY IF YOU GET THEM FIRST IF THEY TOW THE CAR YOUR OUTA LUK

In the state of Florida, we are required under Florida State Statute ch. 493 to do a full inventory of items located in the vehicle at the time of repossession. You are then notified by mail (to the last known address) of the charges and usually company policy regarding when you can pick up your belongings. We are allowed to charge for our agent's time to inventory the vehicle and storage of the property if we choose. It's up to each company to decide what the fees will be. The state of Florida states your tag is considered personal property and is redeemed at the same time as the rest of your personal property.

No. You wanted the custom work; it belongs to you. No one will pay you for customizing your own vehicle.

Not unless the title has been cleared by the lien holder.