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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 does repo of a leased vehicle differ from repo of a financed vehicle?
NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.
As soon as they sell the car so they will know what the balance due is.
If someone wishes to opening their own business what do they need to do to become bonded?
They need to pick up the phone and call a local insurance agent that specializes in commercial insurance.
Can you return car in chapter 13 and still owe?
Absolutely...you don't escape debt on what you owe....your just allowed to pay it off on more favorable (to you) terms than you originally promised you would, pretty much no matter how bad that is for the one who lent you money!
Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time. Nevertheless, they must still make all mortgage payments that come due during the chapter 13 plan on time.
Another advantage of chapter 13 is that it allows individuals to reschedule secured debts like cars (other than a mortgage for their primary residence) and extend them over the life of the chapter 13 plan. Doing this may lower the payments.
Chapter 13 also has a special provision that protects third parties who are liable with the debtor on "consumer debts." This provision may protect co-signers.
Finally, chapter 13 acts like a consolidation loan under which the individual makes the plan payments to a chapter 13 trustee who then distributes payments to creditors. Individuals will have no direct contact with creditors while under chapter 13 protection.
Call and ask them what is going on. If they stonewall you, take them to small claims court.
You cannot afford your bluegreen timeshare - can you deed it back?
You can contact Bluegreen and have them sell it for you (of course there is a fee involved, payable to the person selling the deed..no different than using a realtor). They usually auction it on sites such as Ebay or through other avenues, but there is a way to get out of your deed.
Is it fraud if you sell something that is collateral?
Collateral meaning there is a lien or chattel against the object, then the answer is yes IF YOU DONT INFORM THE BUYER, and get approval from the lien-holder.
Can a lender revise his contract without contacting the debtor?
The finance company has to have a contract signed by you. If they change something it has to be initialed by the customer. Unfortunatly, to fight this you would need to contact a lawyer which would probably cost more than $300.
It is absolutely wrong for them to change a legal document after the fact of it being signed by the customer, but I have never seen a contract that actually states a grace period for repossession.
The debt is NOT forgiven. See link below. ArizonaRevisedStatutes
What are the reinstatement laws in Pennsylania?
contact the attorney generals office in your state they will either tell you or direct you to the site on the web that will give you all the info
What degree am you able to obtain with a criminal record?
If you are talking about college education degrees, you can obtain anything you would like. You may not qualify for financial aid through the Fed. Govt. Depending upon your charges you might also be limited in what field you can work in too. I advise that you talk to a college counselor to get more advice.
Is there an adultery law in Michigan?
According to the Michigan Legislature, the following are on the books relative to adultery. http://www.legislature.mi.gov/(S(0xojb5ufwpga0ha12y34tef4))/mileg.aspx?page=home Document Type Description 328-1931-V Division CHAPTER V ADULTERY (750.29...750.32) Section 600.2162 Section Husband or wife as witness for or against other. Section 750.29 Section Adultery; definition. Section 750.30 Section Adultery; punishment. Section 750.31 Section Adultery; complaint and time of prosecution. Section 750.32 Section Adultery; cohabitation of divorced parties. Section 767.44 Section Indictment; forms for particular offenses; bill of particulars. Section 777.16a Section §§ 750.11 to 750.32; felonies to which chapter applicable.
Is there anything I can buy to improve my internet signal in my r.v. at r.v. parks with WiFi?
Doubtful. The strength of the WIFI is what matters.
What happens Repo car and can't pay the there lowest settlement price?
They will sell the car and you will be responsible for the difference in what the car sells for and what the balance on the loan is. You will also be responsible for any fees associated with the repossession. Also, your credit will be ruined for 7 years.
Is a broken contract theft by conversion?
No, the two are completely different legal concepts and have nothing to do with one another. A broken, or breach of contract falls under the law on contracts. Conversion, or civil theft, falls under the law of torts. The remedy for a breach of contract is to give the non-breaching party damages so that he gets the benefit of his original bargain. The remedy for conversion is compensatory damages in the amount of the value of the item converted plus, perhaps punitive damages, since conversion is an intentional tort.
30 days and 20 minutes dude
You have to get a release from the police dept. before you drive the car. It is usually about $15.
Someone is taking legal action against you and if you lose then you will be responsible for the costs as explained in the letter, you need to seek legal counsel to get help in this matter. It's "legalspeak" and it simply means that the attorney for the creditor/person that is bringing the suit (plaintiff) is informing the court and the defendant (debtor) the amount of debt he or she is being sued for plus legal costs and filing/court fees.
Possibly yes. They can resale your repossessed car dirt cheap and sue you for the difference in what you owed and what they got for it. Then they can sue you to collect that difference. If they win the suit they can have the sheriff pick up anything you own to sell at public auction to help pay that money they supposedly "lost". It's possible but not real likely. It depends on the mob that runs the finance Company
Can you live in your home during the redemption period in MN?
You can live in the house 6 months after the Sheriff sale. This is called the redemption period.
My finance company won't repo the car they just want there money. what do I do now?
I am having the same problem and my vehicle is in a shop where a mechanic said he would repair for $400 and went to get it and now he says $2300. told the finance co to go get it and they wont it is almost 3 months past due lost my job, cant get out of the shop, and told them all of this and they still call me twenty times a day saying they want their money, so all I can do is just ignore them and hope they will go get their collaterall sell it and close my file my credit is shot anyway.
How many funeral homes did Service Corporation International have in 1996?
Service Corporation International had 2,832 funeral homes in 1996
Is it illegal to get arrest for the same charge?
Well that depends like if you got arrested for two counts of the same thing that is not illegal as long as you did that same thing twice like you stole two cars but if you stole one car and got arrested for it twice on the same count that is double jeopardy and is illegal in the U.S. Constitution.
