Repossession

It does not matter if you don't have the car any more. What matters is the unpaid loan you took out on it when you bought it. It is because of the loan, not the car, that you are being sued. You can try re-negotiating with the car dealership and with the financial company. If that fails, you can try to hire a lawyer to protect your interests.

The purpose of Buy Here Pay Here by auto dealerships is to allow people who have poor credit history to still purchase a vehicle from the dealer. The interest rate tends to be higher though.

Many Buy here pay here companies instal a hidden GPS tracker. As long as the tracker is hooked up and for a while after it can be asked where the car is.

Many current cars do this from the factory and the lender of record can get that info from these systems.

If the car is not equiped this is How I was taught:

Home address, work address. Go to and check both, look for several blocks around. Back allys, back yards, parking lots and compunds and check every matching car regardless of licence plate #.

If that doesn't work: go to your neighbourhood when you won't be home ask the neighbors where you hang out and what your hobbies and such are. Then the repo guy checks your likely hangouts same way as above. Scummy lazy outfits call and intimidate you freinds and neghbours into pressuring you to surrender the car. This is not allowed under the law!

After that in most states they call the police and charge you for preventing a legal Repo. Yes it is illeagle to hide your car from the Repo guy.

No, that would constitute a "breach of peace" . However the repossession agent can call the police and request assistance some departments will comply, many will not due to the fact that it is a civil matter. However, if the repossession agent has a replevin order from the court the police will assist him in recovering the vehicle.

If you had the vehicle registered before it was repo'd, of course you do.

There are many websites one may peruse to find repossessed houses for sale. Some of these websites include Bank Foreclosure Sale, House Buyer Network, and Bank Foreclosed Listings.

The very best site I have found is repofinder.com. It is completely free to the user and to the credit unions there. Go this route and you don't have to pay any commission or fee -- you won't need a repo agent -- just a few clicks and you can deal directly with the credit union or bank.

Only about 10% of the 390,000 bank repo homes available were on the market in 2012 so the market would not be flooded. Therefore only about 39,000 repo homes were available in 2012 even though there were in reality another 90% available.

A structured settlement is a financial or insurance arrangement whereby payment is made by a series of periodic payments. Structured settlements are now commonplace in product liability or injury insurance claims.

No

That is an often debated, not so easy to answer question. There is a good article in the related link.

My answer was vandalized. It was deleted and re posted almost verbatim but did not include the link, and just a minor change in the sentence. What "related link", Ms./Mr. "improver"? ....... can you not answer questions yourself? I am open minded and entertain other answers when I could be wrong. But what I do not do is plagiarize other folk's posts. ..... David Hutchison

mhmm ah hoe

get more straps

the car dealership took my truck i had parked in there lot because i couldn't drive the truck and the car at the same time now they are keeping my truck for calateral, for no apparent reason what should i do?

You can "self help" yourself, but it is better to ask a government official of that state.

Laws vary by state, but, generally, yes. They'll notify the law enforcement agency with jurisdiction in the area where they're repossessing the vehicle from, and the law enforcement agency will typically give notification of the repossession if the vehicle is reported stolen. However, most people with vehicles up for repossession are aware of it, and can put two and two together.

Absolutely ! The new company can pretty much charge what they like in interest on the outstanding balance - meaning your debt will be more..

Yes

As much as the repossession company charges. These are private companies with the latitude to set their own fees.

House repossession refers to the process by which a financial organization takes ownership of the house as collateral due to failed payments or inability to pay.

The home would have to be purchased from the estate in order to satisfy the note owed by the deceased. On time payments have nothing to do with anything in this case. Based on your question it sounds like the owner of record has passed away and the lender can not have an open loan to someone who has died.

If a company performed unauthorized repairs on your vehicle, you should not have to pay for it. However, you will likely have to go to court and see a judge. The laws also differ from state to state.

You can only repossess the car, you do not also gain possession of anything else that happened to be stored in the car, and the owner of those items is legally entitled to reclaim them without charge.