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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
Can a person can stop the repo person from taking a car by telling them so before they hook up?
True? YES. Likely?? Most of the time. Depends on the 'quality" of the agent.
Can you trade in a paid off vehicle for another used vehicle?
Of course. It is your vehicle free and clear, so do as you wish with it. Just be sure and get a lean release from the former lender.
i used to work at luby Chevrolet in denver Colorado, and most of our "as is " cars were decent but had over 60,000 miles. most were inspected. The as is cars you should watch out for are the ones at non well known dealerships, and if it is too good to be true it probably is.
Does co-owner mean the same as owner?
Yes. The term co-owner signifies that there is more than one owner of the property.
Is it illegal to sell a vehicle with a lien on it?
In most cases, no. It is done all the time. Consider that when someone trades in a vehicle that is still owed on, they are in effect selling the vehicle to the dealership. That the dealership writes the loan for the new car, and transfers the unpaid balance of the first to it, means only that the dealership bought the car, but the buyer of the new car (the former owner) paid for it.
Additionally, when the vehicle is sold, before the lien holder will release the title, the unpaid balance must be paid.
Do you have to be a certain age to buy a car?
Answer:
Yes, you'll need to sign paper work so you'll nee to be 18 years old
Can a person impersonate a repo man?
How do you get a car on simsocial?
You need to go to the shop or 'go shopping'.
It will come up with four windows and above them will say:
"Choose a Store"
You can either click on:
General Store
Book Store
Home Entertainment
and Car Lot.
There you have it!
habeas corpus
Make yourself judgment proof Florida?
Once a creditor has a judgment against you they have several options available to them to "execute" that judgment. The two quickest and most widely used forms are the attachment or "levy" of checking accounts and wages.
If a judgment creditor (JC) locates a bank account with your name on it they can very easily attach it. It does not matter if the account is in just your name OR if it is a joint account in your name AND another persons name.
The only way to get a bullet proof checking account is to form an LLC (Limited Liability Company) with Florida State. I recommend setting up a mail drop at a place like the UPS Store or Mail Boxes Etc and use this newly acquired address to setup your LLC under.
Once you have done this and have your organization documents (usually within 24 hours) You will need to create a FEIN tax ID number. This is free and can be done at https://sa.www4.irs.gov/modiein/individual/index.jsp and will be given instantly.
Now that you have LLC organization papers and an FEIN you can open a commercial checking account at any bank with yourself as a "signor" on the account. This checking account will be quite safe from any JC.
Wage garnishment is widely used in FL by JC's. By Law, the most a JC can garnish is 25% of your paycheck however, IF you are "head of household" in the State of Florida, your wages are EXEMPT from garnishment which means a JC CANNOT garnish your wages. You must file an affidavit with the court to declare your head of family status and protect your wages from being taken. Persons who do not qualify as head of family will still have the protection of federal law which limits the amount of wages that can be garnished. If you take home less than 30 times the minimum wage per week, all of your wages are exempt. Otherwise, a judgment creditor can obtain 25 percent of your net wages under a continuing writ of garnishment until the judgment is paid in full.
Your vehicle - your interest in a vehicle is exempt up to $1,000 of its value. This means that your vehicle cannot be taken to satisfy a judgment unless the value of the car, less all debts for which the vehicle is collateral, is greater than $1,000. If a judgment creditor or sheriff takes your vehicle under an execution and its value to you is $1,000 or less, you can apply to the court for recognition of your exemption and request the return of your vehicle. Your affidavit of exemption should be filed with the court and the sheriff.
It is very rare for a JC to pursue personal property in Florida as it usually is more trouble than its worth. Now if you have a 30k vehicle owned free and clear it may be a different story. You could take a vehicle and sell it to your LLC and have it titled accordingly. This cost about $270 plus sales tax at the local tag office. If you used a new address and maybe a variation of your name to setup your LLC it is unlikely anyone would ever catch it. There is however a possibility of "fraudulent conveyance" or "fraudulent transfer" which means you with intent, sold or transfered ownership of real property with the intent to hide assets from a JC. This includes transferring the title to your spouse or to a family member and such transfers can be challenged in court if the JC wants you bad enough.
Most Creditors (with the exception of Capital One) will not sue you unless they think they will get their money back. Many will do an asset search beforehand to see what you have. If you show little or no assets then chances are (unless the creditor is Cap One) they will not throw good money after bad.
Problem with judgments are, they are good for a LONG time. 10 years and THEN they can be RENEWED for another 10 years. Judgments tend to come back and bite you when you LEAST expect it so plan for the long haul if you are going to have a judgment granted against you. See if you can get your employer to pay your newly formed LLC instead of paying you directly. there are benefits to both parties should they entertain the aspect.
What is an alternatives to repossession?
Let someone else take over the payments. Sell the car and pay off the balance of the loan. Talk to the lender and see if you can get the monthly payments reduced. Get another part time job and make enough to pay off the loan. The worse thing you can do is allow the car to be repossessed. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor
It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car
In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car
Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency
A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment.
How do you become a skip tracer?
== == Two ways........You can pay to go to a school for a training course, at your expense, or you could try to get a job with a tracing company as a junior tracer. In either case, the job is BORING, repetitive and doesn't pay all that well. You have to be have a really thick skin, to be able to stand talking to losers all day on the phone, and being lied to by EVERYONE you talk to trying to find the debtor. A skip is a bum who has run out and away from their debts, and who is trying to hide so they can't be brought to court to be forced to pay up. They are NOT nice people.
Where do we the people go to find white pride?
The Aryan Brotherhood in prisons everywhere is a good place to start.
CORRECT ANSWER:White Pride is an idea and a feeling that one of pure White/European heritage can feel. It is not something that can be 'found' (as such) by going out into the street or searching for it online.White Pride is exactly like 'Black Pride' (or Black 'Power') yet people of White ancestry are demonised and are often vilified for expressing pride in their own (White) race while people of Black or Negro or 'African American' heritage receive government funding and are promoted by various media groups and mediums.
Best Answer:I suppose you could sit around and celebrate White Pride, but consider, there is no Black or White "Race". All humans are one race, Homo spiens. There are many ethnicities, and this complicates the problem because there are many shades and mixtures. Furthermore, there are many black skinned people neither from Africa nor with "negroid" features. Are whites born in South Africa and now US citizens, "African American"? Are blacks born in Australia, New Zeeland or New Guinea and now US citizens "African American".So, go search for your "White Pride", but you won't find any joy or comfort in it. Go hang out with some white haired, light blue eyed, Scandinavians. There's white power. Better yet, just accept people as they are, all colors, "races" tones, shades. ethnicities, sexes, religions, breeds, and cultures. We're all just humans trying to make a go of it in a hostile universe.
Can your car be repossessed when you have paid off the loan but have not received the title?
Most states have a law that requires that the title be sent within 3, 10 or 30 days of final payment being made. The law usually doesn't have much in the way of teeth, so you may need to remind the lending institution that the loan has been paid and that you want the title. After you have requested the title the lending institution may be in default and you may have recourse, depending again on your state and the laws that regulate title loans.
Where can you get a repossession or collection job in Atlanta?
== == Look in the Atlanta Yellow Pages, under "repossession companies" and call a fwe to see if they will hire a un-trained and raw employee, with no experience. IF you can convince one to hire you, don't expect to make anything more than minimum wage for the first 3 to 6 months and forget about days off or not working at night and EVERY week end. Still interested?
What could happen if you go to your court date but you can't pay your fines in the state of Georgia?
First and foremost show up on the date of the hearing, without fail! Non appearance will only result in more serious charges and problems for a defendant. There is no way to determine how the judge would rule on the matter. In the majority of cases the defendant will be allowed to set up a payment schedule to repay the fines and court costs. This compromise often comes with restrictions, such as the defendant only being able to drive to and from their place of employment and/or for reasons of neccessity (doctor appointments, grocery shopping, etc.). The person license is usually not suspended as that would be counterproductive to any repayment agreement. An entirely different scenario and set of problems would probably arise if the person does not have a regular source of income. Many judges will work out a payment schedule.
Can you still replace shocks and stuts if your car has coilovers?
Coilovers are a replacement (usually an upgrade) for a car that has a Strut Type setup. Coilovers contain a damper and a spring (Coiled "over" the damper).
That being said you can replace or change the springs or spring rates on your Coilovers. In addition you can replace or change the dampers on some of the more expensive Coilovers.
So to answer you original question, you can not replace shocks and/or struts on a car equipped with Coilovers. Apples and oranges - they are both fruits but not the same kind.
Hope this helps.
If you file chapter 7 do you have to return your car if its not repoed?
Not necessarily. If you are current on your payments, you can keep your car as long as you don't have too much equity in it. The amount of property you can keep in bankruptcy depends on your state's exemption laws. http://www.bankonitsd.com/San_Diego_Bankruptcy_FAQ_7.html http://www.bankonitsd.com/Bankruptcy_FAQ_general_exemptions.html
