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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
How do you get into the semi truck repo business?
First, get some substantial time driving them. When you repo one of these, you have to be quick - if it's attached to a trailer, you typically have to drop that trailer, and it could be any type of trailer... dry box, RGN, whatever - and again, you need to be quick. None of this OTR, saunter out of the truck singing, "I've got tiiiiiiiiime on my side" nonsense. Then, you get enough experience that a towing and recovery company will hire you. Get a little time doing that, let them assess if you're ready to do repo work. If they decide you are, then you get into it.
What are good money loads to pull with 24ft box truck?
That depends. If you don't have ICC and USDOT operating authority, you can't legally haul freight for hire. You may want to look at leasing on with an expediter company such as Panther II, FedEx Custom Critical, Tri-State, etc. Then, what you can haul will depend on what class of license you have. Even if the GVW is under 26,000 lbs, you'll still need a Class C (minimum) CDL with hazmat endorsement to haul hazmat loads, for example.
Do you need a CDL to driver a 26000 lb truck?
If you mean a vehicle with a Gross Vehicle Weight Rating in excess of 26,000 lbs, typically, yes, although there are some exceptions:
- Recreational vehicles, when not operated or driven on a for-hire basis.
- First response emergency vehicles, although states or departments can require a CDL if they see fit to
- Farm vehicles, provided that they are registered as farm vehicles, are used only for the activities of that farm, are operated within a 150 mile radius of that farm, and are operated by the farmer, family members of the farmer, or direct (W2) employees of that farmer.
- Military vehicles, provided that they are operated by military personnel in the course of their duties.
A vehicle under 26,000 lbs. GVW only requires a CDL if it is either a vehicle carrying a quantity of hazmat which requires placards to be displayed, a bus transporting more than 15 persons (including the driver), or, when combined with a trailer, is part of a combination with a Gross Combined Weight Rating in excess of 26,000 lbs., if it doesn't fall under any of the above listed exemptions for vehicles with a GVW in excess of 26,000 lbs.
Yes
Do you need a cdl to drive a truck with air brakes in Texas?
Air brakes have absolutely NO effect on whether a vehicle requires a CDL or not.
Can they repo you vehicle with a work trailer connected?
They can disconnect the trailer, but, if that trailer isn't included in the order for repossession, they cannot take it - doing so is theft, and a crime.
What kind of offense is having consensual sexual relations with a minor?
A criminal offense, statutory rape and or child molestation.
Yes.
Who do some car owners fix to their cars a piece of fine chain which drags on the road?
static discharge
People use them for transportation. Cars are a large part of an economy, what with the cost of the car, repairs, car washes, gasoline, tires, etc.
What are some of the tips for buying a repossessed house?
When one looks to buy a repossessed home, he/she should show him/herself as a worthy buyer; thus he/she should seem eager to buy, and make it clear he/she can afford the property. The buyer should ask questions which pertain to the property he/she is looking to buy. The buyer will have to do a lot of digging for his/her questions to be answered honestly and without circumlocution, thus the buyer should be assertive but patient. It would also be smart to figure out the actual value of the property, and the costs of repair services and fixtures/changes.
Can a Ky pawn shop sell a vehicle that has a recorded lien filed by a finance company?
No. It's not theirs to sell, and they never should've taken the vehicle in for pawn without getting a title along with it. That vehicle belongs to the finance company. At the top of every pawn form, it asks the questions, "Are you the rightful/legal owner of this property?". If you answered yes to that question in regards to a vehicle with a lien on it, then you have committed fraud, and will likely face charges.
Can a vehicle be repossessed from a hospital parking lot?
Yes, and they'll do exactly that if given the opportunity. All they really have to do is back the stinger up to the tires of that car, and that's the point where there's pretty much nothing you can do about it.
What to do if being sued for unpaid car loan in Texas but you don't have car?
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.
What is the purpose of buy here pay here dealers?
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.
How do repossession companies find a vehicle?
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.
Can a vehicle be repossessed if there is someone inside it?
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.
What can one do to get repossessed houses?
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.
Do repo agents pay a finder fee for a expensive car?
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.
How many bank repo homes were on the market in 2012?
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.
What is the meaning of buyer of structured settlement payment?
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.
