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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 company charge whatever they want if there are no competitors?
Technically, yes, but there would never be such a situation in U.S., as that would be monopoly, which are illegal.
What does it take to open a title company in Texas?
1. Title Company = Actual insurance company ie: Underwriter
2. Title Agency = Agent of the Title Company providing title insurance products and escrow/settlement services.
A title COMPANY is highly regulated by state law in any state. Contact the Texas Department of Insurance as follows:
Texas Department of Insurance Title Division (MC 106-2T) P.O. Box 149104 Austin, Texas 78714-9104 Fax: 512-305-7426 www.tdi.state.tx.us
To open an AGENCY, you must obtain an Abstracting Plant, which is very costly. The Texas Underwriting Manual can be found at: http://www.tdi.state.tx.us/company/titleman.html
The Rate Manual can be found at: http://www.tdi.state.tx.us/company/titlemm3.html
Additionally, contact the Texas DOI for additional licensing requirements: www.tdi.state.tx.us
If you're considering Chapter 7, you probably shouldn't have bought a vehicle, which can be considered as asset and included int he bankruptcy. Last year, the government made it considerably harder to file Chapter 7. You should consult an attorney for legal advice on what to do.
check your state laws but if you are making payments and are not delinquent you are normally allowed to keep transportation vehicles for getting to work. however if it is paid for it will be considered an asset and IRS of your creditors can ask for it to be sold to satisfy your debt.
The co-signer's name is on the loan, not the title, and has nothing to do with selling the car, especially after the loan has been paid off. On the other hand, a CO-OWNER's name is on the title, and it depends on how the two names are listed. If the title is made out to A and B, both must sign when selling it, but if it says A or B, either may sell it without the other's approval or knowledge. There may be exceptions to this in some states if the two are a married couple.
Does the repo guy have to let you know when he is here when he is taking your vehicle?
The "repo" man does not have to inform you if he is at your residence to repossess your vehicle. Once the vehicle has been repossessed he must call it in to either the local police department or Sheriff department. This will prevent any false stolen car reports. Also, the "repo" man does not have the authority to go into your garage or involve the police in the act of repossessing your vehicle. So, if for some reason the "repo" man does get into contact with you and threatens you by saying that he has called the police, he is lying. Bottom line, just pay your bills and you won't have to worry about the "repo" man.
in the paper work did it say AS-IS if not you may have a case with BAR,
What is the process to file for repossession of apartment in Georgia?
"Repossession" of an apartment?? Are you the landlord?
It sounds like what you are asking is, how to go about evicting a tenant. Most (all?) jurisdictions have some type of landlord/tenant statutes which control this type of matter. Go to your local Clerk of Court's office and ask if they might have the proper forms.
i believe you take off the inner door panel and manually raise the window or remove to get to the motor and replace it with a new one
duct tape a garbage bag over the hole where the window was. nice and breezy.
How can a person find out if there is a lien on a car?
If there is a lien it is normally listed on the Title.
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.
