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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

Does a finance company have to move a mobile home off property that is not theirs?

Yes, anyone whose property outstays its welcome is a trespasser. Failing to evict the trespasser in a timely manner could result in losing the right to ever evict them in the future.

Can the police tow your car and leave you in the highway?

Of course not. In the times we live in law suits abound. He would take you home, but then have your car towed, in some cases you would even have to pay for that yourself. No person left stranded, sorryl.

My ex husband took my van. I am the only one on the title. How can I repossess my own vehicle?

Simple: call him on the telephone and demand that he bring your car back. When he declines your peaceful invitation (which he no doubt will) you will telephone the police and report your car stolen. Then you will give them the name, number, and address of the man who stole your car.

Model 13953673SRT garage door opener manual?

Go to "Mange My Life" and enter your model number. Your manual will come up.

How do you get a license and bond for security company?

I am try to start my own security company in Washington,DC Maryland, Va. Need 2knw how get license and bonded and insurance in all three areas? What are the steps i need to take? Thk You I am try to start my own security company in Washington,DC Maryland, Va. Need 2knw how get license and bonded and insurance in all three areas? What are the steps i need to take? Thk You

When is the first police car used?

The first police car was a wagon run by electricity fielded on the streets of Akron, Ohio in 1899. The first operator of the police patrol wagon was Akron Police officer Louis Mueller, Sr. It could reach 16 mph (26 km/h) and travel 30 mi (48 km) before its battery needed to be recharged. The car was built by city mechanical engineer Frank Loomis. The $2,400 vehicle was equipped with electric lights, gongs and a stretcher. The car's first assignment was to pick up an intoxicated man at Main and Exchange street.

What happens to a condo if the developer files for bankruptcy?

In a Condo...there is no separate building to file for BK. The individual Condo owners pwn fee simple title, (that is complete title) to their unit.

That could happen in a Co-op...where the building is owned essentially by a Corporation and the Co-op owners own shares in it.

Another Legal Perspective

Although you haven't provided much detail, if there is a bankruptcy then there must be outstanding debt.

Condominium ownership is a complex issue, especially in cases of bankruptcy or foreclosure affecting the developer when the construction has not been completed, there are unsold units and there are outstanding blanket mortgages and other debts that affect the condominium parcel and the common areas. Condominium projects have been victims of the depressed real estate market and many developers were funded for projects that were not well planned or stable from their inception.

A unit that has been sold is the property of the buyer. However, if the condominium project remains unfinished with outstanding debts, it is also likely that a viable condominium association was not established and the business of the condominium is not being monitored (condo fees, utility bills, insurance, maintenance, etc.). That type of situation leaves the unit owner in a position of owning a property with a decreasing value and without the customary benefits of condo ownership.

Many condominium projects "go under" and unit owners are left with an unsellable unit in an unfinished condominium. Sometimes another developer will purchase the developer's interest and complete the project.

If you purchased a car then want to move to another state can the dealer make you turn the car in or pay full balance?

READ your contract. Most auto financing contracts require you to keep the car IN state, unless the LENDER approves. Likely a "note" lot would have such a clause.

After having your car reposessed how hard will it be to try to buy another car?

It is not hard.You will have to pay a higher rate of interest.A better way to go is to lease to build your credit back up.An even better way to go is to buy outright and save your money.Remember that the repo stays on your credit whether or not you continue to pay for the car or pay the loan off it is still there.

Can a car dealership cash your check that was used for down payment if you were never approved for financing?

A check given to the dealership will be cashed. This is normal in business.

Whether they can keep the money or have to return it is based on what your purchase agreement reads.

Where I live if the purchase agreement has "Subject to financing" on it the down payment must be returned if the dealer can not get you financing and you can't get outside financing.

If it does not have that in it they get to keep the money.

You have stored personal property belonging to another person for 6 years you are no longer in contact with that person and he has never inquired about it Is it now legally your property?

Technically, the owner hasn't "abandoned" the property unless you can "prove" he or she intended to abandon it. Failure to reply to letters sent to last known address may not be enough, depending upon how valuable the property is.

You could file a complaint for disposition of abandoned property in the local court, and they will instruct you whether you need to hire a private investigator, or post notice in public places, or publish ads in various newspapers, or simply take the stuff.

This raises the question of who is (or will become) the rightful owner of abandoned property in your state? It may go to charity, unless you can (again) "prove" it was intended to be a gift to you personally. It may belong to the person's heirs at law, if they passed away and forgot to mention it to you. If it falls into a monetary category (stocks, gift cards, kruegerrands, etc), then the state may require you to place it into the custody of the state treasurer until the rightful owner can be determined.

If you file a Chapter 13 bankruptcy does that automatically stop a repossession?

YES, its called an AUTOMATIC STAY. ALL collection efforts must stop as soon as they are notified of your filing.

Does a company have to give you a notice in order to repo a car?

In SOME states, they have to send you a "right to cure" letter, but as far as "I'm coming to get your car at 4:30" NO. IF you are in default on the loan, the lender is hounding you wanting money, then you are subject to be repoed at the LENDERS discrection. Get your personal property out of the vehicle.

How can you transfer the title to the co-signer?

Thsi depends on who is actually listed on the title alone. If the cosigner appears second or not at all on the title, then the title transfer can be done at the DMV, showing the vehicle was "sold" to the co-signer. This will update the title and registration of the vehicle. Now, if the co-signer also wants to be the sole payee on the car loan, the co-sighner would need to refinance the auto-loan in their name alone and be approved.

Where is the VIN on a car?

Many vehicles will have it stamped on the top of the dash at the edge of windshield closest to the driver's side as well as either on the bottom of the door, or the body of the car where the closes.

Can a co owner charge rent to the other co owner?

No. Each tenant in common has the right to the use and possession of the entire property.

If your car gets stuck in one gear how do you stop the car?

Assuming that the car is a standard, you should first fully push in the clutch and then slowly press down the pedal, or pull up the handle, of your emergency brake (depending on what type you have in your vehicle) until you slow down to a complete stop.

I lost my job can't pay my car what you need to do?

You need to find another job and pay for itor the bank will confiscate your car.

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