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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 is the definition of a vehicle firewall?

the firewall seperates the engine compartment from the drivers/passengers area.

When was sepsis cured?

Penicillin was the first miracle drug to cure the patient with sepsis in 1941. Florey and Chain treated the the patient with sepsis. The patient started to improve. But died eventually as the stock of penicillin got exhausted. But the result was encouraging. Penicillin was used and cured the patients of sepsis in the same year.

If you get a vehicle repossessed in Texas what happens to the trade in?

I could be wrong here, but my feeling is that it is GONE. Why, it was part of the total deal just as if you had payed that much CASH down. It will be used up in the balance owed. You cant sign a contract, drive for a while and then say "I changed my mind, lets put everything back like it was." The deal is a deal is a deal. Good Luck

What can you do if a person continues to park on the grassy area of your property after the police have told them to move the vehicle?

Have the police tow the vehicle. If it's on your property, you have that right. They should have offered to do it. Put up a sign that states that vehicles will be towed at owners expense... then have the vehicle towed.

When insuring a commercial truck does the person insuring the truck have to have a CDL?

No, not to insure it just to drive it. You can insure it and let someone else drive it as long as they have their Class A CDL.

What could be wrong if your car smells very musty but you cannot find any leak and the carpets are not wet?

if your vehicle has air conditioning the smell could be caused by build up of bacteria on the heater matrix and in the vents, as this bacteria decays it causes a smell inside the cabin, this can be resolved by purchasing air specialist air con cleaner the is sprayed into the sir vents. the smell can also be caused by the heating of leaking coolant from the heater matrix, this would also combined with the car steaming up, check the coolant level to see if it has dropped. http://www.autozone.com/servlet/UiBroker?UseCase=S001&UserAction=viewSimpleDiagInfo&Parameters=info answer can also be caused by moisture getting into carpets etc, in the winter months, like snow on your shoes or just water. this will fet into under felt under carpet. a good airing out in a warm garage or a nice sunny day wit all windows and oors open will generally fix this

How can you find out if your mechanic filed a mechanics lien on your car?

Ask him.

My AnswerA lien is filed trough your government.

In Alberta Canada a registries office can look it up for a small fee.

In other jurisdictions the procedure is similar.

Do Maryland repossession agents need a cdl license?

If they're repossessing vehicles which require one, or operating vehicles which require one in the course of their operations, yes.

Under Texas state law what options do you have in regards to the deficiency balance?

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. Remember this repossession will stay on your credit for 7 years.

In Texas can a mechanic who claims you owe him money have a recovery agency repo your car without first filing a mechanics lien through the court?

"WHO CLAIMS YOU STILL OWE HIM MONEY"???IF you don't owe him money, CALL an ATTORNEY asap. That's simple. IF you DO owe him money, paying it is the cheapest way to get your car back. MERRY CHRISTMAS

How far do you have to be behind on your payments to legally repo in Michigan?

Legally, ONE day. As long as you are in DEFAULT of your contract, the lender CAN repo the collateral. Read the contract for more on DEFAULT.

What happens when you part out your car before it is repossessed in the state of Texas?

Your intentional destruction of the secured property would not only be another direct breach of the loan agreement and likely subject to additional financial penalties, it is almost certainly a crime and able to get you in legal trouble as well. Especially if the title isn't entirely in your name (as is done when the place you got it from "totes the note" and still has title), it would be auto theft. Now, if you parted it out and paid off the loan causing the lein, that may be a different story in the end, but only because no harm no foul. What's left of the vehicle would be of far less value and therefore would bring far less when sold, thus increasing the deficiency (the difference between what you owe and what they sell it for, plus attorney fees, etc.). There will likely be a lawsuit to collect the deficiency, thus you will owe far more than you would have and likely far more than you could sell the parts for.

If the charges in a case are expunged can you find out what the charges were by using the case number?

The best avenue is to go to the office of the clerk of the criminal court where the case was brought, give them the case number and ask what information you can obtain. Many clerks' offices now have computer systems in their offices that are available to the public to investigate cases using case numbers or a person's name.

What happens if you miss a payment in your bankrupcty agreement?

The person should contact the BK trustee immediately. A trustee will generally give the debtor thirty days to bring the payment(s) up to date before requesting the "13" be dismissed.

You have been on Duac cream now for about 4 days and your skin is peeling badly is this supposed to happen and if so what will be the benefits?

I have used duac for a year and the reason its peeling is because the Benz perioxide is very drying....it's killing the bacteria....good luck. It makes my skin very itchy....

Is there a law about taking a car out of state that is in default?

Read your CONTRACT. Most major lenders contracts require their permission to do so or you're in default. State laws? YES. DEFRAUDNG A SECURED CREDITOR. What I am asking is what are the legalities for taking a car out of state that the payments have not been madedo to loss of job. If a forwarding address has been left and the car has been in plain sight the entire time.

Can a dealer you are purchasing from sell to you if you have lost your title?

Answer: I take it you are talking about a trade in. You or the dealer will have to apply for a lost title.. simple.