Repossession

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.

IF there is a LEINHOLDER on ANY title, it belongs to the LEINHOLDER.

IF you had ins. coverage and were not in DEFAULT of the loan in any way, CALL AN ATTORNEY NOW ! ! !

Are you sure the vehicle wasn't actually stolen? Usually the only two reasons for legal repossession are being in default on your payment or not keeping the required minimum insurance on the vehicle. This is to protect the finance company from possible loss and basically protect their investment.

CALL THE LENDER. They can advise you and work with you.

Until the Statute of Limitations tolls on the judgement.

NO, there are no more "DEBTORS PRISONS".

You're NOT forgotten or forgiven. Someone will be collecting that $9000.00. Charge-off is an accounting term to cover the interst they lost on the loan. You will be contacted to pay.

IF the lender posts a repo on your CR, you have one.

You will have the repo on your credit report, but it should also show up as "redeemed".

It means the lender wrote off the interest they DIDNT get from the debtor. Its just an accounting term.

the same as an invol. Depends on your state laws. If the lender has gotten a judgement, it could be a long while.

Why should they have to move anything? Why dont you move it?? Are you trying to "HINDER A REPOSSESSION BY LENDER"??? In some states that is a Class 2 FELONY.

NO. they can not touch other vehicles. you however *may* be compelled by law to grant access to the repo agents.

Try again, both of you. The Court decisions rendered in most states under 15 USC 1692f, and the specific laws regarding self-help repossession under most state statutes hold:

1. "Hindering a Secured Creditor" requires an overt and intentional act to prevent the secured creditor from enforcing his interest (e.g. pawning an item known to be subject to another security interest, but representing it as your own). Parking your car in a particular parking scheme does not, and has never, qualified.... so quit trying to scare people, and thus get yourself in trouble under the Fair Debt Collection Practices Act.

2. The moving of another locked vehicle (presumably by using a tow truck to pull it, but the "how" isn't relevant) to gain access to a vehicle is clearly prohibited. The act of moving the vehicle, regardless of purpose or duration of time, is taking "custody and control" of another's personal property to which you have no legal interest, without their consent, and as such qualifies as "Theft by Unlawful Taking (Automobile)" or at best "Unauthorized Use of an Automobile"; both of which are felonies, and are certainly considered a "breach of the peace" under the UCC.

My advice to the repo guy, move nothing, especially a car, unless you want the debtor to own your, and your employer's, business and assets for a very long time to come. In most states, such an act not only results in treble damages to the debtor, but also criminal prosecution. This from a KY attorney. Consult a reputable attorney for advice... MAPOTHER (do a google search) is a good source for background info.

Advice?? I'm full of it...LOL CALL a local attorney for the usual FREE consultation.

Think about it. IF the lender waited until the loan was paid off,zillions of repos would NEVER be reported. Sooo, they report them as they happen.

EITHER/OR. they both signed and agreed to pay.

READ your contract. If you are in DEFAULT of the terms, you can get repoed.