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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 happens if you car is repossessed and you don't work or have any property?

If you don't work, you have no money. If you have no money, you can't get your car back. It will be sold at auction and you will be responsible for paying the difference of what it sells for and what you owe. If it sells for MORE than what you owe, you should get a check for the difference.

Did your car get repossessed by the IRS?

The IRS can reposses everything-- Even your clothes!!! Technically yes, but it very rarely happens. An IRS lien technically attaches to EVERYTHING you own (even your toothbrush), but that doesn't mean the IRS is going to come take your toothbrush.

If a bank dose not have a lien on the car title do you have to give the car back or just keep paying for it?

the bank has to
file papers with dmv to see if it was done wrong and if so the dmv will void the original title and issue the bank another title with there name as lien holder then sell the car

What methods are useful for recovering stolen property?

Look at craigslist in your area and see if your property shows up for sale. Keep an eye on second hand and pawn shops too.

What are the laws in Georgia on time frame before they sell at auction and can they do this if you pay following day of repo when notified of amount owed if was all bank error?

WHAT "was all bank error"?? IF the whole entire repo "was all bank error", then you need an attorney now. ASAP. The bank has insurance to cover "errors and omissions".

How much does it cost to disown a parent?

It is free, well except for the trial fees and lawyer payments and a filage cost. Seriously I want to disown my father but I live in a state that does not allow it. So I changed my last name into my mothers maiden name and I try to help and encourage all people interested in disownment.

What is the number of days car can be repoed?

If a loan is one day late they can repossess the vehicle, but most lenders would never do that

Can you be garnished for the same thing twice?

If you mean for the same judgment, YES. Two judgments for the same defaulted loan, NO.

How do you fix stop your car from stalling shutting off when stopped or coasting?

Check all vacuum hoses first. If they are all attached & in good condition:

Check that the air filter is not severely clogged/ dirty.

Replacing the gas filter (s) may also stop this from happening.

My bet is on the gas filter (s) or the vacuum hoses.

Can you find cheap used golf carts on Craigslist?

Yes! People sell all sorts of things on craigslist such as clothing, shoes, cars, boats, tvs, dvrs, furniture, baby tools, textbooks, advertisement for employment and other sources of entertainment.

Why would there be a warrant for an arrest if the case is closed?

Define "closed." Is the original police criminal investigation "closed" or is the actual court case itself closed? As long as there are outstanding and un-addressed matters or un-prosecuted defendants, a court case is never closed until all known defendants in the case have been prosecuted. .

What are the laws in Oklahoma on teenagers rights on who they want to live with?

See: http://www.oscn.net/applications/oscn/deliverdocument.asp?citeID=63899 It appears that if you are under 18 years of age, you must reside with a parent or legal guardian. if you don't petition the court for emancipation then you have no "adult" rights to choose your place of residence.

If the police impounds the car and it is not mine can the owner get the car back?

Yes, but not for free. Nobody cares who owns the car at this point. The impound yard will want their money and they don't care about your circumstances.

How is the title issue handled on a legal repo?

illegally repossessed??? Sounds more like dumbly sold. You should call a local attorney for state spectic advice.The seller should either be listed on the title as LEINHOLDER OR have a perfected security interest(UCC filing). If neither of these, things get shaky. Maybe that's why the seller wants the title back so badly. Call an attorney.

Can the lien holder in Florida repossess a vehicle if insurance is cancelled?

YES!!! Lienholders must protect their investment so therefore you must comply to their rules and regulations

How do you start a repo company in Arizona?

Luis, I know 2 people who have recently moved from the right coast to AZ to open up, so there must be some market there. Do you want to own the agency or wotrk for someone else? Being the owner requires mucho dinero to do correctly and qualify for GMAC and other quality lenders. Please email me how you want to do it. I'll be happy to point you in the right direction.

Can you return a car if the dealership gave it to you to drive and two months later the bank still has not gotten the paperwork?

If you did not sign any loan or payment paperwork, you can return it and they can't post anything on your credit. They have to have that signature. If they do post it on your credit, you can dispute it for free and have it removed.

You have a speaker box in a truck it is connected by wires but is not physically attached to truck if turned over it would fall out can you call that pp and get it back?

I believe most co. would consider this pp but there are some shady companies who may argue the subject I think that if it were fought legally you would win since it isn't a permanetely affixed componant.

AnswerIf it is not bolted to the vehicle or other wise perminantly attached it is considered yours. AnswerIf a spare tire is held inside the bed of a truck by a piece of rope, it is not installed. If there are any nuts, bolts or screws holding the speaker box in, it is considered installed. If it is just in there by the wires, then no, it's not. Besides, call your bank and ask to get the speaker box out. As long as it does not render the installed stereo useless, they shouldn't have a problem with it. Make sure that if they do allow you to, you get the permission in writing and have them send a copy of the permission to the repo company as well.

Can you get a warrant with out a judge in Nebraska?

No. Warrants must be approved by a judicial officer of some type (i.e.: Justice of The Peace - Magistrate - Judge - etc). This is not to say that law enforcement cannot immediately act when a criminal report or complaint is made to them, if there is sufficient probable cause to make an arrest.

Should you change your oil if you put transmission fluid in your engine oil?

While some people might panic and start screaming OH MY GOD!!! I would say run the engine for a few minutes and let the transmission fluid help clean and lubricate everything, then change the oil. Transmission fluid is obviously not a good replacement for engine oil, but some of the additives in it can help to clean out an engine without destroying components, or seals. So dont panic, dont put it in there often, but you should still change it before taking it on any trips. :)

PS. I have used transmission fluid to salvage engines that were once thought dead