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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

How do you get over being homesick?

If you are homesick like a child away from his/her parents then I think you should call whoever you miss, but keep yourself busy until they get back so that you dont think to much about it.

In a repo after the 7 years is up can they still to collect even though they have not tried in 6 of those 7 years?

If the institution who financed your vehicle has wrote that note off as a charge off then another company can come in and purchase that debt and pursue to collect on that debt ==Answer == The 7 years in which a negative entry remains on the credit report has nothing to do with the ability of the lender to repossess a vehicle. A vehicle is a secured debt and therefore the lender may initiate action whenever they choose. In the majority of states the SOL for debt does not apply to this type of financial transaction. It would seem the lender is not interested in repossession and would rather recover the full amount of the loan, plus penalties, interest, legal costs and court fees by pursuing litigation at some future time.

How much value of personal property is exempt in cap 7 bankruptcy?

This is based on whether your particular state follows the federal exemptions or if only state exemptions are allowed.

Can they put a judgment against your property if only your nane is on the deed wife has a judgment against her?

It depends on your state:

If you live in most community property states (Louisiana West through Texas, and on the California) a judgment against her may affect your property if it is deemed to be "community property" which is property acquired during the marriage.

If you live in a common law state, and the state has maintained "tenants by the entireities" as the form in which married persons hold property, then the property is, in all likelihood, free from the lien of the judgment.

Can lien holders or reposessors continue to call or come to your house and harass you even after you've asked them to stop?

As long as you continue to hide the car and/or refuse to make the payments. You need to send them a certified telling them to stop calling then they must stop.If they refuse you have rights under the Fair Credit Act its online look it up.

How long does it take the creditor to obtain a writ of plevin for a repossession?

The amount of time it takes a creditor to obtain a writ of plevin for a repossession varies in each state. Based on the local court jurisdiction, processing times to obtain a writ of plevin may take between 15 and 60 days.

If your car payment isn't current how long do you have before the repo man comes and gets it?

sometimes as little as 15 days and sometimes as long as 90 days. most places try to get their car as soon as they can. it all depends on the lean holder and history of payments. Not a one size fits all answer...cause...it all depends. Mostly depends on your contract and arrangement with lienholder. It could happen virtually anytime depending on that written contract...what was acknowledged and then of course what the policy is of the lienholder. If its the first payment....you may lose your car quickly and without notice. If the time frame is longer and you have had a good relationship with lienholder you may have a longer 'grace period'. Main thing is to get in contact with lienholder before they start looking for you...and you will be on best footing. Take the initiative...call them..make sure whoever you speak with has some authority to give you an extension....and if you are unsure do it in person to get a written acknowledgement of a workout agreement allowing you to keep making payments on terms other than what was originally agreed to. Lienholders are used to dealing with deadbeat accounts...skipping payments and then playing hard to get. Be different...prove you are accountable even if delinquent...it will do nothing but help you in all your endeavors. best to you, L.

If you voluntarily send your car back will they try to take your land as security for the debt if you are on Social Security income and you are 65 years old?

They can only take your land if you put it up as security for the car.You should read your loan agreement very carefully it will help you prepare for what they will do next.

What is absconding?

Absconding is an instance in which someone hides or goes into hiding.

Can you get your money back from a private person if the car broke down after going only 90 miles one day after buying it?

It depends. Did you buy the car "as is" or was there a warranty implied? Does your state have a used car lemon law?

If you bought the car with a warranty, then you probably would have a chance in small claims court to get your money back. If you bought it "as is", you're out of luck. Did you have a written "bill of sale" when you completed the deal? This is where the warranty or as is would have been listed.

Find out what car dealers don't want you to know at www.dealertricks.com

The Advantage in buying a used car from a dealer is that he "Must" do and check many systems on the used cars. They really have no interest in selling cars with problems. As far as dealing with a "private party" It is only allowed to sell a car "as is" in California for parts only. Also the seller is responsible for smogging the car, not the new owner.There is no protection on a private party transaction. For one thing the problem could have been the new owners fault, as the car was running when you purchased it?. In the future when buying a used car, it is well worth the $50-100 to have the car checked out by a Mechanic (or CSAA offers this service for their Membership) before handing over hard earned cash.

If you buy a car then a month later you no longer want it but can't return it can you trade in the car or sell it while it still has temporary tags?

Yes. The only concern is how quickly your state processes titles. Some states will issue the new title in a few days, some in a few weeks. However, which ever dealer you trade the car into should be able to take care of it all for you. If you sell it on your own, you may have to do a little more work.

How do you obtain belongings left in a reposessed auto?

Contact the lending institution and they will direct you to the repo co. who picked up your vehicle and you can make arrangements with them to get your belongings but dont wait to long because they wont hold them forever.

What do you do if a warrant has been issued for failure to return a repossessed vehicle?

Answer

The only option is to obtain legal representation as soon as possible.

Once a warrant has been issued by the court the person named is subject to arrest without notice.

The involved party might also wish to have a relative or friend ready to post bond, unless the warrant is for contempt of a court order in which case bail would not be an issue.

ANSWER

The best thing to do is return the vehicle, if you do not have the vehicle obtain an attorney or you can request a court date to go before the judge to explain the situation. "Warrants" are not issued for failure to return a vehicle, body attachments are issued, meaning a court can hold a subject to the first available court hearing. This is not a criminal complaint, but a civil complaint and just appearing in court or maybe filing an affidavit (depending on location) can resolve an issue.

What is lololol?

LOL means to Laugh Out Loud by adding more LOLs' it emphasising the laughter

What is the mechanics of a car jack?

There are a number of different types of "car jack" in use. One is hydraulic. They come in the shape of a bottle, or are built into a trolly (the "floor jack") or the like. By operating the handle, which is a lever (a simple machine), fluid is compressed and routed to an actuating cylinder. This results in lift. (More on the principles involved can be found in other questions on this forum dealing with hydraulics.) In a friction jack, the handle (that lever) lifts the load by simple mechanical amplification. The handle provides mechanical advantage. A lot of handle movement on a lever with the fulcrum right up against the load side of that lever will translate into lots of amplification. True, the load only moves a little bit, but that's the trade off; that's the way a lever works. We exchange the extended application of force on the handle to concentrate that force on the load and move it only a little bit. When we release the pressure on the handle, a "wedge" jams the load on the lift shaft so it can't go down. We can then reset our handle and apply another increment of force. Short or long strokes of the handle can be used. The original Volkswagons came with this kind of jack. Another type of jack similar to the friction jack is a ratcheting jack. It uses "steps" in the jack shaft and a little spring-loaded arm, lever or cam (a pawl) which swings into place to prevent the lift body from sliding back down the lift shaft after each lift increment. This jack "clicks" at each full stroke of the handle. A complete stroke must be made to lift the load to the next "step" on the jack shaft. This is a feature that makes this jack different from the friction jack. The handle-as-a-lever idea remains the same. In the scissors jack, a long screw (which is an inclined plane - another simple machine) is turned with a handle. On one end of the screw is a collar that fixes the screw in place but permits it to turn within it. On the other end is a nut, a threaded receiver for the operating screw. Turn the handle in the correct direction and the screw threads itself into the nut. This pulls the middle of an articulated frame together and forces the ends of the frame apart. On the ends is a base, wich is put on the ground, and a "pad" for use on a "hardpoint" on the underbody of the vehicle being lifted. There are a couple of other types of jacks (like an air jack that uses compressed air to inflate a bladder and lift a load) and also variations on the theme out there, but they are uncommon. Additionally, an electric motor, compressed air or hydraulics (or a combination of these) can be used to drive a friction or screw jack. We can use compressed air to drive a hydraulic jack so all we have to do is squeeze a little lever to admit compressed air to the primary side of the hydraulic system. This would be called an air over hydraulic jack. A look at any large automotive parts and accessory supplier's catalog (there are a number of them posted on the web) will allow an investigator to actually see the different types of jacks, though the operating mechanisms probably won't be visible. Hopefully this explanation and the pictures will permit said investigator to noodle out the way the jack works. Think it through and it should be something that can be understood without a lot of difficulty. Certainly a peek at the jack in your current car (or the family car) may be in order here.