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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 there anything you can do since your father-in-law recently passed away with no burial insurance?

was the father-in-law a member of the armed forces?[navy-army-marine-etc.]

IF NO-

Gather family members up and arrange for the least expensed burial which is cremation

which is about $500 dollars depending on your living environment.

If Yes

contact the armed forces- arrangements will be made.

If a vehicle is voluntarily turned in to the lienholder and payment is up to date can they put a lien on your house for the balance owing on the vehicle?

If the lender wins a lawsuit and is awarded a judgment, the judgment can be executed as a lien against real property owned by the judgment debtor, including the primary residence. In most states other ways of executing a judgment are, wage garnishment, bank account levy and the seizure and liquidation of non-exempt real or personal property belonging to the debtor.

Can creditors put a lien on a deceased property if there is no will?

The existence of a will has no bearing on whether or not they can place a lien. If they have a legitimate debt and a judgment, or an agreement in the loan regarding a lien, they can place the lien on the property or the estate.

How can you check the car i bought is not stolen?

Use the VIN(Vehicle Identification Number) located on the dash visible from the outside in the lower corner of the front windshield on the driver side, and look it up, like on Carfax to see wether there is such a report on the car.

Can a co-signer have a car repossessed if there is no lien?

The only one who can "repossess" IS one who has a lein. NO Lein, NO repo. No Lein, NO CO-SIGNOR.

How can you be cured from Humiliation?

If you have been humiliated by something you haven't done and the person(s) are just nasty then hold your head up and walk away. After all who IS THIS PERSON(S) to you anyway! People who harm other people by humiliation methods are insecure and immature. You owe them nothing! If you are true to yourself you can never go wrong.

People can call you names, beat the heck out of you, etc., but one thing they can NEVER take away from you is your integrity, your soul and your faith.

Stand proud and NEVER falter!

Humiliation isn't a disease, but a frame of mind. It depends what you did. We all make mistakes and sometimes we can really make some bad judgment calls and can be humiliated by our peers. No matter what caused this for you think of it as a learning field. We ALL make mistakes so we can learn from it so you have to figure out what you have learned by what you did. Once you have done this then you work on your personality and face up to what you have done. If need be go directly up to the people involved and apologize and some may accept your apology while others may not, but that is something you should do to be responsible for your actions.

The true crime of such things as humiliation, embarrassment, saying the wrong thing at the wrong time, etc., is not learning from your mistakes. We will all make mistakes throughout our lives and it's how we handle it to better ourselves that counts.

So, face up to yourself, straighten those shoulders out, plant both feet on the ground and face up to what you have done. Apologize and take the consequences from each person.

Will the VIN on a vehicle tell its color?

No the vin does not have the color code. Depending on the model year and make trying looking at the vin sticker inside the drivers door jam to find the color code.

That answer is incorrect, the VIN does tell the color, it tells everything.

GM codes can be confusing! BC CC before the color code. This stands for Basecoat/Clearcoat. The U in the paint code means the Upper Color and the L means the Lower Color. Two tone vehicles will have each color coded, i.e. 96U and say 36L. Also, it could be 8867L or 8867U. You will need to find out from your vendor which digits depict the color.

What time do most car dealerships open?

In my area of W-Ky most new car dealers open at 7:30 for service and 8:00 for sales.

Repossession rules for gmac?

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.

Where is the Serial number in a Honda civic 95 ex?

the serial numbe also known as a vn number is located on the driver side dash board and this number is also on the door and other various locations.

Do you list a car that has already been repossessed on your bankruptcy schedule?

Yes. Look under the Statement of Financial Affiars. There is a section for repos/foreclosure/garnishment.

When a car is purchased from a private seller and it develops faults soon after purchase can the car be returned to seller?

If the car was running good when purchased, and was sold "as is", then not much. If it wasn't sold "as is" try to get your money back from the seller. If this doesn't work, you'll have to take it to Small Claims Court.

How does a car speedometer work?

When you step on the pedal, the motor is propelled by a ticker which forces the belt to turn. This then propels the wheels forwards and the speed on the speedometer is determined by a mechanical recorder.

When your car is repossied in nc what can the finance company do to you?

When the car is repossessed.... you have a certain number of days to redeem your car. If you don't redeem the car, you will have 30 days in which to get your personal items from the company BUT the car will be auctioned off... for a lower amount than what is usually due ...this will leave balance that is called a deficit balance. The company will then add all expenses to this balance and then take legal action. (Expenses added--- tow truck, car lot fees-daily) to store the car, cleaning up the car, new plates if needed, and insurance) If you don't take the steps now to keep this car, you can get garnished and ruin your credit for a very long time.

What documentation do you need to repossess a vehicle from police impound in NYC for unpaid traffic tickets?

First you will have to pay the tickets and the police will tell you from there.... don't wait to long because storage gets added to the cost.

What are the laws in Tennessee related to a car being hidden from repossession?

In the state of Tennessee, under Tennessee 39-14-116, or Hindering A Secured Creditor, hiding property from a secured creditor (the dealer, bank, or other financial institution through which the property is financed and ultimately the repossession agent) is listed as a Class E felony.

The bill states that anyone who "commits an offense who, with intent to hinder enforcement of that interest or lien, destroys, removes, conceals, encumbers, transfers, or otherwise harms or reduces the value of the property" is in violation and could have charges brought up against them by the lienholder.

In other words, you cannot legally hide, disable, or otherwise damage the property.

If charges are pressed and you are found guilty, you could be looking at a 1-6 year prison term or up to a $3,000 fine.

How do i sell a wrecked car i still owe money on?

You cannot sell a car you have a loan on if the lender has a lien on the vehicle. You will need permission from the lien holder to sell the car. If the lender has no lien on the vehicle then you can sell it if you wish. The title will list any lien holder.

Is lien holder information listed on the title?

Yes. Valid existing liens should be listed on the back of the vehicle's title.

What is the Repo law in Connecticut?

http://www.cga.ct.gov/2003/pub/Title42a.htm Sec. 42a-9-609. Secured party's right to take possession after default. Use of electronic self-help restricted. (a) After default, a secured party: (1) May take possession of the collateral; (2) Without removal, may render equipment unusable and dispose of collateral on a debtor's premises under section 42a-9-610. (b) A secured party may proceed under subsection (a): (1) Pursuant to judicial process; or (2) Without judicial process, if it proceeds without breach of the peace. (c) If so agreed, and in any event after default, a secured party may require the debtor to assemble the collateral and make it available to the secured party at a place to be designated by the secured party which is reasonably convenient to both parties.

How can a lender sell a vehicle at auction when it is titled to you with no lienholders on it?

Every state has provisions for this in their laws. otherwise the world would be covered with repos the lenders couldn't sell.

How do you become a licensed AB Deckhand?

well if you want to be a semen you have to be able to swim well if you want to be a semen you have to be able to swim