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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
Is the co-signer the same as the co-buyer?
No. A co-signer is a person who guarantees the loan and a co-buyer is a person who has equal ownership and liability. An example is when a young married couple wants to buy a car but does not have good or sufficient credit or enough collateral for the loan. They might get one of their parents to guarantee payment of the loan by becoming a co-signer. If the couple defaults on the loan, the co-signer becomes liable. In this same case, the couple as husband and wife, sign the loan (co-borrowers) and the purchase document for the car as co-buyers, sharing equally ownership and primary liability.
The only feasable way they could send the police after you is if you knew the car was going to be reposessed and you hid it. Even then, though, this is a contract issue, not a criminal one and the police wouldn't get involved. It sounds like what they're doing is making emtpy threats.
What does a non -deficiency state mean?
i was told that Arizona is a non deficiency state. that means when the bank loaned you money on your house they took the risk of values going down. so, if they agree to a short sale on your house and the loan is for 200,000 but you can only sell it for 180,000, the bank eats the difference not you. as long as you don't sign a note saying that you will repay the difference.
How do you buy a new car if you still owe on a old one?
If you want to buy a car having an old one, you can buy a new updated version car also you can sell your old car. Because In the new car, we will get more facilities.
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How do you keep public property clean?
you charge people who are caught polluting on public property. you clean up after yourself. you encourage others to clean up after themselves. you clean up after others.
I had this very same instance come up and the police were called. They told me that as long as the payments were being made and you have proof of you making the payments on time, the cosigner has to leg to stand on when trying to take the car. So NO your cosigner can not take the car.
Don't worry, they will find you. They always do. Hint! Make your payments on time and they won't be looking for your car.
How much would a CFM56-5 engine cost?
I was wondering the same thing. I found a used, damaged non-airworthy cfm-56-3 for $99,000usd. I also found a used, airworthy, no hr. limit CFM-56-5 for $650,000usd. The CFM-56 engine family is very popular there were somthing on the order of 20,000 produced.
IF the title is in your name and you have some sort of proof on a DEFAULTED loan agreement, it is your car. Go get it.
thank you for just saying yes to let me know that all is not lost
yes
What do you do if you bought a car on eBay but the seller doesn't have the car and you paid already?
Contact the seller and tell them if you don't get a full refund, you'll be reporting them to both eBay and the police for fraud.
If the refund is not immediately forthcoming, then carry through on the threat.
No. Not if you signed the title over to the other person.
If they don't pay the loan then your credit will take the hit. If the car is still registered in your name you can take it. If so, do you realize how risky it is to allow someone to drive a car that is registered in your name? You are responsible for any fines incurred, any damages in an accident, and especially if anyone is injured. You are making a grave mistake.
Possession Interest Time Title?
Those are the common law requirements needed to create a joint tenancy. They are usually expressed as follows: TIME, TITLE, INTEREST, POSSESSION (TTIP) T - unity of time; T - unity of title; I - unity of interest; P - unity of possession. However, those requirements have been modified by statute in some jurisdictions. In Massachusetts the joint owners do not need to acquire their interest at the same time. One person may convey their property to themselves and another as joint tenants without the need to use a straw transaction. Those terms do not refer to adverse possession or repossession.
When you are 32 weeks and dilated 3cm and 50 inffaced how much longer before you pop?
Fully dialated is 10cm, so I'd say you have some time left. Don't fret!
When putting a title after the name do you put a title before the name?
This is listed under vehicle titles and you do neither that you ask. On a pink slip there are two boxes. One is the registered owner and the other is for the owner. If there is a loan on the car this is where the loan company is listed. If you own the car your name is there.
Are the rules the same for public assembly on private property as on public property?
Certain rules and regulations may overlap such as the requirement for traffic and crowd control, sanitary facilities, health regulations if food will be served, etc, even if the assembly is on private property. Thousands of different laws and regulations exert control over private property in some way. You should check with your town government. You may need a permit and they will notify you of the rules.
Do you have to sign papers when a car is repossessed?
No. The repo man is not going to walk up to you and say "I'm here to take your car; could you sign these papers, please?"
You may be asked to sign papers afterward, if you're very lucky; papers agreeing to pay back the deficit between what you still owed on the car and what it was actually worth. If you're not lucky, the only thing you'll be asked to sign is a check for the full amount of the deficit, plus the repossession fees (probably $300-500).
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