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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 does a repo man do?

A repo man is the person who takes back the merchandise you got via loans or credit-cards when you can no longer pay back said loans or credit-cards.

Can a cosigner have a primary title holder taken off the title?

If you go to the registration office with the primary and have them give consent to the cosigner

How do change a car over to someone else?

http://www.dmv.org/title-transfers.php DMV.ORG - The Unofficial Guide to the DMV

Can a charge off become a repossession?

yes - I am suprised they didn't force place insurance coverage on the car when they found out you had no insurance. I am also suprised they didn't report it as a reposession in the first place rather than a charge off. Are you sure this is the case? More input from FAQ Farmers: * Whats the difference? Neither make your credit report look like a SMILEY face. The best part is yet to come.

How much do you have to owe a creditor for them to put a judgment on you?

There is no set amount, obviously the larger the debt the more likely it is the creditor will sue. Such a decisions is usually made on whether or not a judgment could be executed sucessfully. If the debtor is employed in a state that allows wage garnishment or bank account levy then a lawsuit is a viable option for the creditor as those are assets that are fairly easy to attach.

Can your assets be seized for credit card defaults?

No not legally, never!

I (the one addressed in the above), agree and must apologise to the previous poster. It was foolish of me to make such an absolute statement as all are frauds. The information s/he provided is excellent...and I believe shows we all agree it is an industry fraught with pitfalls and misunderstandings....and you really need to do a lot of research before doing business with any...and as always...if it souns too good to be true....it probably is.

How do you know if another car's gauge cluster can be swapped into your own car?

Call your dealer or Junck Yard and ask them if your cluster is interchange with another year. For example Jeep Cherokee is interchange 2000 to 2002 for the cluster but for ac/blower resister is interchangable for, 96-2001. O hope this help youSuleiman

If a used car you purchased runs before you buy it but then doesn't make it off the lot can you get your money back?

Many states have "buyers remorse" laws that allow you to return almost anything within three days for a full refund. Others have "lemon laws" specifically dealing with cars. Call a lawyer NOW. If you can't pay a lawyer, call the legal aid society in the nearest city or large town.

Where can you get certified to be able to get into car auctions?

There are two types of auctions,

auctions open to the public, and

Dealer only auction.

To be able to get in the dealer only auction you must be a licenced dealer.

Can someone go to jail for lying about where they live?

By itself, that kind of lie doesn't seem to carry a lot of weight. But in context, the lie might be an attempt to obstruct justice in some way. Doesn't that put a different light on it?

How does a distributor work?

The distributor takes the electrical output from the coil and sends it to the spark plug. The rotor is the device that transfers the electricity from the coil wire to the spark plug wire.

In Tennessee how do you file a lien against a person's home if they owe you money?

The lender would file a lawsuit against the debtor in the appropriate state court(usually circuit or small claims). If the plaintiff/lender wins the suit a writ of judgment will be entered; a judgment can be executed in several ways to recover monies owed. Please be advised, in many states small claims judgments may only be executed for monetary recovery, such as wage garnishment or bank account levy rather than a property lien.

Are the repo agents allowed to come onto private property to obtain the vehicle?

YES, they are allowed to by law and usually the contract you sign gives that in writing.

How do you remove the rear license plate panel the piece of plastic that the license plate mounts to on a 1999 4Runner?

remove the licence plate, open the tailgate, remove the cover on the pulldown strap, remove the 10mm bolt that secures the strap, remove the panel by prying one of the lower corners and then pulling the panel to release the plastic fasteners. push the panel up toward the top to release the panel from the gate. there is a black panel with about 10 10mm screws in it, remove them all then pull the panel away from the gate. let it hang on the wires attached to it, theyll be fine. inside youll find some studs protruding through, opposite where the panel is. remove the nuts on these also the nuts securing the tailgate lock cylinder, the wire connector on the cylinder, and the wire connector for the lic. plate lights. then (carefully!) take long needle nose pliers and release the plastic clips that hold the panel in place. there are like 6, they are hard as hell to get to and release for a first timer and if you break too many, you have to buy a panel to replace it!

If you cosigned for someone and the buyer is 4 months behind on payments and is also hiding the truck from you can you sue him if both of your names are on the title?

It depends upon the wording of the title. If the names on the title are separated by the word "or" then each person owns the vehicle separately and may take whatever action without the consent of the other owner. If the names on the title are separated by the word "and" then any action concerning the vehicle, sale, possession, etc. must be agreed upon by both parties. Although the law generally assumes that the person who is in possession of the vehicle can remain so unless a court rules otherwise. Disputes over jointly owned vehicles by unmarried persons almost always ends up in litigation if the injured party wishes to recover the vehicle or financial damages incurred because of the situation.

Can you still register a car with the dmv if it is in default with the bank?

yes you can register your car the bank can not stop you from registering your car all they can do is try to repo it bare in mind they can not go inside a locked garage or gate to get the car the bank can only come after you civilly they cant even get a cop to get involvedif they are trying to repo it my advise is park it somewhare sfe for about three monthes they will most lkle charg off from my experience once they charg off it takes the repo man out because from how i have seen finance credit debt protcal is i believe they are really sopose to have the car when they charg off,butthey do it get over on the taxes

Is it legal to sign your husbands name on a car title?

No, it is called forgery, and it is a crime.

It is never legal under any circumstances to sign another person's name. It is important that your name is always be signed as it appears on your legal identification (i.e. passport, driver's license, and so forth). Never sign another person's name--even if they give you permission.

Furthermore, attempts to use software such as Adobe Photoshop to paste a signature (unless it is a legal digital signature) can be traced. That is also forgery.