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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

Are gated apartment complexes private property?

A gated community or gated apartment complex restricts access with gates, security guards, key cards, or controlled entry systems. This means the property is owned and managed by a private entity—usually a landlord, management company, or HOA—and is not open for public access without permission.

Here’s how it breaks down:

✅ Why Gated Apartment Complexes Are Private Property

Restricted access – Only residents, approved guests, and authorized personnel can enter.

Owned/managed by a private company – Not owned by the government or the public.

Rules and regulations apply – Residents and visitors must follow property rules, such as parking guidelines, noise policies, and security procedures.

Security enforcement – Security guards or management can remove trespassers or deny access to anyone without authorization.

Role of Security Guards

Security guards help enforce this private property status by:

Monitoring all entry points

Checking guest permissions

Preventing unauthorized access

Ensuring resident safety

If you need reliable security guards for gated apartments, My Security Guards offers trained professionals to maintain safety, control access, and protect residents around the clock.

If I bring my account up to date will it cancel the reposesion process?

Yes, in most cases if the account is brought up to date, the repossession process will stop. A person will need to go in person to pay the bill and make sure the account is noted that the repossession needs to be stopped.

Can a bank repo a car after the contract has expired and you still owe money on the loan?

A contract for a car loan does not expire. A borrower must pay the balance on the loan in full, according to the terms, in order to take ownership of a car. A lender can repossess a car at any time due to a default on the loan, even if there is only one payment left.

Do repo men drive around looking for the car Say I park the car three blocks over what are the chances they will find it?

100% I have a 10 block rule. People usually park within 10 blocks of their house/apt. Sometimes I will go farther. That is the oldest trick in th book. I prefer grocery stores. I love to watch them come out with their frozen goods on a hot day and look for their car. They are always confused and cannot figure out why it got repossessed. Make your payments.

Is there a letter or some notification a lender has to send the borrower to notify them of repossession?

Many states require a "Right to Cure and Notice of Intent to Repossess". This letter is sent if a lender accepts two or more late payments. States justify this because the lender is said to have accepted a different course of dealing than was outlined in the contract. The letter demands the customer return to the original terms of the contract and pay their total amount due within a period of days (usually 10). Requirements also varry based on lease or retail contracts. Some states off hand that do not require "cures": Indiana, Kentucky, Ohio, Oklahoma, New York, Pennsylvania, Michigan.

What is a 1st payment default if it is not later than 30 days?

A first payment default , is when a bank calls the loan on your car because you are late on the first payment, 30 days or not, actually acording to your service agreement you are late like 4 days after the due day. they take it as a personal insult when you miss the first payment, also as a sign of things to come. usually if the repossess your car for a first payment default they will not give it back if you catch the payment. they will call for the full balence on the note and send the car to auction. Check out www.stoptheRepoman.com for other answers like this.

How far in dafault must a person be before vehicle repossesion?

It depends on the contract and how severe the lending institution wants to be.

What are the legal issues with repossessing a car that is being hidden in a storage facility by an employee?

The finance company has the right to "self-help" in most states. This means they can hire a repo man to come and take the car in a public place as long as they don't breach the peace. So it is not per se illegal to make it more difficult for them to find it. But at some point, purposely hiding a car becomes illegal and a violation of law. In the same vein, the finance company always has the right to sue the person and obtain a right of return action or Order of Replevin. With this in hand, they can engage the Sheriff to come to your house and you MUST turn over the vehicle at that time. So it's a game. The creditor wants to self-help and avoid a lawsuit and the debtor wants to hide it and keep it a little bit longer. At some point it becomes illegal. Legally the leinholder owns the car hiding it can lead to the leinholder taking legal actions and a person could actually get charged with grand theft auto

What happens if your vehicle is voluntarily repossessed and you are served to appear in court and don't show up?

It depends on the state where you reside, but usually if your business is not protected by a corporation (incorporated), the plaintiff can take whatever they can get their hands on in executing the judgment. A percentage of the equity in your personal residence (real property) is protected. The offended party can also petition the court for you to answer a debtor's exam of assets, or have the Sheriff execute what is called a till taop, meaning they will take any checks you receive for payments, and can take a protion of your register receipts.

Do personal items in a vehicle have to be inventoried when it is repossessed?

Yes, the company has to do an inventory and hold the contents a"reasonable"amount of time for the owner to claim. Check the local court, and see if they have local rules that repo companies go by. State laws may apply, also.

What is a repossession agent?

In Canada or the United States a Repossession Agent usually works for a car company, a boat company or anything that costs a lot of money and the person who owns is is in default of their payments. These people at great risk go out on the streets, find whatever it is that they are sent to reprocess and take it back for a percentage of what the thing is that they just reprocessed is valued at.

What is the statute of limitations on when a creditor can file a lawsuit to recover monies owed for a car reposession in MS?

Each state has its own collection laws. In MS the statute of limitations to collect a debt is three years. You can find this information on numerous websites. I always check the government websites first and if I can't find the answer I try a legal site like Findlaw or Justia.

What can a person be charged with for hiding a vehicle that has a lien on it?

Criminally nothing... Unfortunately its not a crime to not pay your bills. The lien holder can sue you in the civil court for the money that is owed to him on the vehicle that you are hiding though. If he wins then you now have a civil judgment against you on your credit report which in the long term will hurt you more than any immediate effect. If you have a job the person can garnish your wages also. You will never be able to escape a civil judgment until it is paid in full unfortunately. MY suggestion to you would be to return the car in exchange for an agreement that they don't come after you legally.

Can you Carry a Concealed gun on UNC campus?

No. North Carolina law expressly lists any educational property as a restricted place to carry a firearm. So, not only can you not carry on the campus, but you cannot carry on any property owned by any educational institution, such as stadiums, hospitals, etc.

How far behind on child support can you be before your wages can be garnished?

Actually, under the 1986 Child Support Enforcement Act, all orders were to include garnishments. However, the poor accounting habits of the states made this nearly impossible to achieve. Even today, with computers, there are substantial problems with money not being accounted for, or being posted to the wrong account.

It should of course be noted that different legislation exists for all legal matters depending on your country of residence etc.

Can you get money back that the police seized?

In some circumstances, yes. It depends on the exact situation. You should consult a lawyer in your area.

What are the Iowa piercing laws?

Legally someone born Thursday could get a naval ring, tongue piercing or other body modification. It's something lawmakers are talking about and parents might want to know.

Iowa law says you have to be at least 18 to get a tattoo. But piercings? There is no age requirement.

How can I dispose of personal property left behind by former spouse?

You should check with an attorney for the rules in your area. Perhaps you could call your divorce attorney.

Generally, you will need to give him/her at least 30 days notice in writing to retrieve the property. You should pack it up neatly and carefully if you do not want them in the house. You should also keep an inventory of what was packed. You should provide dates when they may have access to retrieve the property and make sure you are there when promised. You should keep the property in a secure place until it is picked up. Keep the situation non-adverserial. If you expect a problem then you should arrange with the police to have an officer present during the arranged pick up.

The notice should be sent by registered mail with the inventory attached and you should make certain you keep a copy of that notice and the green signature card. If possible, arrange and confirm the pick up date by email so you will have proof of your efforts to give them access and your compliance with the requested pick up date.

What are your rights when you repossess a vehicle that was in default and the person wants to sue you for moneys she has already paid but you won't be able to sell it for the balance owed?

Law on this subject will vary from state to state, so you should see a local attorney. In most jurisdictions, the owner cannot sue to recover the payments they made. If the lender follows proper legal procedure, the lender should be able to sell the vehicle at a public auction, apply the proceeds to the loan balance and then sue the borrower for the deficiency.

Should you file for bankruptcy after your cars got repossessed you wont have any good credit for the next 10 yrs anyway?

Bankrupcy laws have changed, creditors now have more ways to get your money even if you file bankrupcy. People must become more accountable for the debts now, bankrupcy is no longer a way out of debt. You should go to a credit councelor and start working things out.

How do you explain your 'Reason for leaving' when contract not renewed?

The employment was for a set term (length of time), and the term was completed. For instance, if you had a six-month contract, and you performed the work for six months, you fulfilled your contract. That was the end of it. You didn't quit, and you weren't fired. The contract expired.

Why do you have to pay for cable channels you don't want?

That's the way cable companies make money. They simply charge a fixed amount for a fixed amount of channels whether you watch them or not. Obviously you can choose packages, sometimes called basic, limited, premium. Then there's digital packages that offer more choices.

If you're lucky enough to live in the right area, Comcast offers packages, like "News", "Kids/Family", "Movies" that offer only those channels that fit that criteria, for instance, if you just wanted the "Kids" package, all you'd be able to watch would be Nickelodeon, Cartoon Network, Disney & other kid related channels.