Repossession

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the same things that happen to the primary signor. Judgements, garnishments, leins, ect. You are learning to hrad way about co-signing. Good Luck

OK, you signed a contract agreeing to pay ABC lender "X" dollars per month for "X" months. That = "XXXXX.00" dollars.Lets say $20000.00 for even numbers. You paid them 3000.00, the car sold for 6000.00. That's $9000.00 that has been applied to that account. But that leaves $11000.00 still due on that contract that you agreed to pay. They likely got a judgment for that amount and will now proceed to collect that judgment. Good Luck

It is illegal ALL day long and in EVERY state to do so. DONT DO IT. "EVERY" state includes CA and FL.

If your auto is "repoed" then in most states the agent has to report to the local authorities. When this is done they have a record that it is in the agents' or lenders' possession. if you still have keys and take it, it is auto theft.

It is only illegal if you get caught trespassing something repo man do everyday.It is not auto theft!!!it is your car !!!Having said that don't do it!!!!It is not worth it!!

== == TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: Indiana Bureau of Motor Vehicles, 100 N. Senate Ave., #401, Indianapolis, Indiana 46204. Tel:(317)233-6000. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Certified copy of Contract Form 1 Certificate of Repossession from California, Tennessee, Texas). All other states must have a repo title in the client's name. PLATES: Remain with the debtor. www.state.in.us

YES, repoing a car is NOT trespassing. They are there for a lawful reason. IF you ask for paperwork, it would be polite for a recovery agent to show you the papework. Unfortunately, FEDERAL privacy laws PROHIBIT showing personal info(repo paperwork) to anyone other than the debtor.

IF your name is NOT on the loan as co-signor or signnor, NONE. IF you live in a community property state, check with an attorney for info on that.

No. Tennessee law simply states that the lender or it's agent may not "breach the peace". This is usually viewed as causing a loud scene. Most repo agents will pick up the car when the owner is asleep or out somewhere shopping to avoid a confrontation.

The check wasnt any good sooo the truck isn't paid for. Go get your truck OR file charges against the person.

Copy of the loan showing the truck as collateral, statement from you saying the loan is in DEFAULT, Debtors info,ect. Varies a little by state. Call one and ask. YOU might want a copy of their REPO INSURANCE in case they mess up.

VERY possible. reporting repos is up to the LENDER(of course, they usually do). It was very much repoed from you sooo. Nothing you can do about the co-signor having or not having a repo on their credit.

Slow pay, repo, and it gets worse from there.

As long as there is a contract with your car as collateral and the contract is in DEFAULT, the leinholder can repo(excluding B/K).

7 years

IF it was REPORTED stolen, it would show as such. IF there was a lien on it, it would show as such.

IF the CA was assigned the debt by the lender, IF the CA bought the debt from the lender, most important, IF there was a judgment against the debtor. YES. 6 yrs of interest adds up.

YES

Yes, you can let them repo the car. NO, that wont be the end of it. YES. they have other legal options.

IF you can prove any "promise", call a local attorney for state specific advice. Chances are very good that they can repo as long as you are in DEFAULT.

GET the car(if you want it), make arrangements with LENDER to do what they will expect you to do anyway....NO DONT pay for it and YES it will be bad

On what grounds??? Forcing you to co-sign?? NOT

NO, not unless he co-signor files B/K also. But do be sure to tell your B/K attorney that there is a co-signor.

make payment arrangements on the deficiency???? IF you mean the amount you're in DEFAULT on, NO If you mean the amount due AFTER they sell it, USUALLY NOT. Why?? You couldn't pay notes on a car you could drive, so why would they think you will pay on a car you DONT HAVE??? NO lender WANTS to repo a car, they just want the money. So when they have to repo a car, they will go after the money very seriously. Nothing personal, its only money...

If this car has never been repossessed after eight years, it has still been charged off as a bad debt and will remain on your credit report. Lenders can follow you for the deficency balance as long as they wish to refile it. If it had been repo'd, usually after seven years it is dropped from your credit report if there was no unpaid balance. You will have a hard time getting another vehicle financed in your name. Get a copy of your credit report from the three majors, and see how it looks. You would have been wiser to surrender the vehicle and take your knocks early rather than hiding it.

not sure what your question is, BUT, if you want a car repoed and know the leinholder, CALL the lender.

The former owner of the car, now still owner of the DEBT, gets to pay the debt. The leinholder will likely get a judgment for the balance due and proceed to collect. Uless your name is 'turnip", you will pay.