Repossession

Not if you tell him no nicely.

I am human, maybe even biased. For that I'm sorry. Please consider that the debtor has stacked the odds against themselves before they post here. If you could read a lot of my posts, you would notice that I am biased against repo agents who tell the debtor lies about what they can/will do. There are no magic answers for most of these posts, only what the law allows. If you wish to discuss it further, my email is posted. Thanks for your observation.

Yes, you are required to make the payments, before and after the car is repossessed, after the vehicle is auctioned you will receive a letter from the bank stating what your car was auctioned for and the remaining balance you are required to pay. just to end the ultimate myth if you surrender you car it will make no difference on your credit DO NOT LET THEM LIE TO YOU! a repo is a repo voluntary or invol. it will just show up as a repo, and you get no where close to the value of the car remember it's going to a dealer auction and they normally get rock bottom price. example: if you have a 2002 mustang that you paid 20,000 for you will probabley owe 17,800 that vehicle will bring 5,000 - 6,000 tops! probabley less and you are required to pay the remainder of the balance. also you will not get a car loan for about a year after the rpoessession if you are lucky... I cover more about this and the other lies that the banks tell you at my website www.stoptheREPOman.com

legally, you only have to be behind one day. Usually a lender will try to work wityh you for 30-60 days to let you catch up. They dont want the car, they want the money.

HEY GUYS TRY WWW.STOPTHEREPOMAN.COM TO KEEP FROM LETTING YOUR CAR BE REPOSSESSED

Contact the lender and let them knoiw that if ANY case the debtor defaults to notify you so you can payoff the loan. Add that you will payoff after repo with NO repo reported on YOUR credit.

what else are you in 'default" of in the contract?? Did the car get impounded?? Is it in possession of a 3rd party? Is it being used in criminal activity? I dont know..

There aare statements on the back of your contract called "acceleration clauses". Insurance is probably one of those items.

kayton www.learntorepo.com

IF the lender wont get it fixed asap. call a local attorney.

Yes it will need to be paid, the good news is the bank will more than likely take a settlement, and only offer to pay them the settlement if the take the repo and chargeoff off your credit, the will play ball!:) for more info on repossessions, you can goto my website at www.stoptheREPOman.com

NO. Call a local attorney now. be prepared to show some type of proof that the car was ion the garage.

I doubt it. The person has the title and payment has been given you. The mistake came when you sent title and accepted payment that didn't include shipping. If you did it through PayPal you may have some recourse.

NO.

no to what? no to the registration or no to the registration and ticket? they can't register the car if there is a ticket on it. so who would oay for it? the people who buy it at an auction or the finance company or the person who owned the car. someone has to pay for it. in California when a car is repoed or sold the title is transfered to the person who bought it (i.e. the finance company, cause they repoed it) and in turn, they are responsible for all fees associated with the car, so who pays for it? don't fell like the question was answered properly or accurately enought with just a no.

IF you knew the original lease date, you might be able to backtrack thru the UCC listings in TX. OR you may be able to track the VIN in the same place.

You have the right to your personal property in any state! repossession agency's are supposed to mail you a letter of inventory but they never do.... what you can be sure they will do is over charge you to get you stuff back 25-75 dollars, they will almost always call it a inventory fee but that's bull! try my website we cover this topic and many more, you can also speak with an consultant because if we had more info like a banks name and so on you would not pay a dime for your personal property , and also they would be out of business www.stoptheREPOman.com GOOD LUCK AND GOD BLESS

Sorri,only 2(TWO) states that I know of require the repo company to mail you a notice by law. CA & FL. They also require the repo companys to charge you a fee for an inventory. I looked at the alledged repoman site, NO info available. Maybe I am too dumb to find it OR I am too smart to pay money for things I can find for free on states websites. ????

It would depend on why they are sueing you and also what the disposition of the bankruptcy is.

Actually one, I have repossessed cars for BMW where there customer was three days late. it all depends on the states laws I have a website that may help you avoid having your car repossessed. www.stoptheREPOman DONT LET TTHE BANK TAKE YOUR CAR BACK!

well if your husband is in bankruptcy they are not allowed to repossess the car as long as he is the one in possession of the vehicle, if they do repossess the vehicle you will have a pretty good lawsuit to hand them, if the car is repossessed or actually when , it will show up on both of your credit. so I have a website to help you www.stoptheREPOMAN.com we have repossession consultants that can help with your situation I STRONGLY RECCOMED YOU TRY IT.

YES

I guess I phrased the question badly..

The car dealer repossesed the car (illegaly, because he gave no notification), and threatened to keep the car and all the money that had been paid. He wouldn't work out any new terms before that. And he would not accept full payment of the car on the date the final payment had to be made.

He will very soon be put out of business.

I presume that you purchased the vehicle and sometime after that you filed the Chapter 7 Bankruptcy. If that is the case and you included the Finance company on your list of included creditors, then the discharge does just that. It discharges the debt forever and you do not have to pay any difference. Yes, as this is usually one of the terms of the contract.

http://www.autoinsuranceindepth.com/gap-insurance.html

Google can find lots of things

What forms did the lender require?

It all depends on the repo, co. Most are privately owned and when the car is repossessed the owner of the car contacts the local police to report the car missing and the police will have a report of the car being repossessed and will let the owner know who to contact(repo co.), The repo company will usually give a certain amount of time for the owner to contact them for their belongings, after that time all items are forfeited. It would be best to contact your finance company and make arrangements for the return of the car, since they sent the repo contract order out for the vehicle. All the "items" are inventoried and stored until the debtor comes to redeem them OR the legal time limit(usually 60 days) to hold them is gone. Then they are usually thrown away or donated to charity. There is not a big market for used clothes, McD cups, beer cans, prepaid phone cards, casino cards,chikin bones,ect.

A Writ of Replevin is a court order for the debtor to turn over the property. If the debtor doesnt do so, the debtor is in contempt of the court. What happens to people who are in contempt of a court order? They retire to more peaceful surroundings to consider their need to obey the court order.

You kiddin me... they will make several keys if they feel like (they being me) I repo cars all the time.. i will make several sets if the account is a pain in the butt. I will give them to neighbors even! ya.. neighbors! i have paid, friends, family and neighbors, to name a few to take peoples car.. $$$$$$ money talks. Ya, most will take them with a hold harmless affadavit i give them. Depends on your neighborhood wether they are all that willing to help. When it comes to repo "by any means necessary"

The loan gets sold and the next company repoes it.

UNLESS she declares B/K, it will remain for a longer time.

No not true. EVERYTHING except bankrupties and tax leins may ONLY remain on your credit for 7 years. If it is still there after 7 years contact the credit bureau and demand they remove it. This MUST be done in writing.