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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

What are the laws on mobile home repossession in Texas?

The laws and regulations on this in Texas were recently 'overhauled' and substantially changed. For up to date, precise information, please contact :-

-Texas Department of Community and Housing Affairs, Manufactured Housing Division.

They have an excellent website at -http://www.tdhca.state.tx.us/index.htm

What are the divorce laws concerning rings in the state of Tennessee under the new laws?

I was told the laws changed as of December in the state of Tennessee concerning the return of wedding rings

Piercing laws in KY?

Contact your local health inspection or health protection office, they will be able to tell you the age requirements for your area as well as provide a list of inspected facilities near you.

Are there any websites with helpful info or templates for collection and repo letters?

== == Each states code specifies what must be in the "right to cure" letter sent before a repo.

What is a BK attorney?

BK attorney is short for bankruptcy attorney some guys specialize in it.

If your car is impounded during a traffic stop arrest can the impound yard refuse access to your property inside the vehicle?

AnswerIt depends on why it was impounded and what state you are in. In California, you may not be allowed access if it was impounded as evidence to a suspected crime, but you should be allowed access if was towed for any other reason. You may remove personal property that is not attached to the vehicle if you are the registered owner, their spouse, or have power of attorney from the registered owner.

Check out www.findlaw.com

Is there any way you can insure your car in another state from which you live?

In most cases you need to insure the car with a policy written in the state that the vehicle is registered. Many states require that the insurance companies report the vehicles that they are insuring to the state for cross reference of motor vehicle registrations. So if you live in state A and your vehicle is registered in state A but insured in state B then state A will think that your vehicle is not insured and revoke your vehicle registration. Now if you live in state A but register and insure your vehicle in state B then you run the risk of not adhereing to the law that says you must register the vehicle in the state of your primary residence. If you have a legitimate reason for doing this such as a second residence in another state at which you keep a vehicle then you should have no problem doing this. If you are doing it to avoid higher taxes or insurance premiums then you will be doing something illegal.

Can a towing company deny having your car for five days and still charge you storage fees for those days?

They can charge you but you will not owe them. Your best bet is to pay the fees, then using your witnesess that heard them say in person "we do not have your vehical here" on the first of the five days appear in small claims court with you to recover your money plus damages.

What is tangible personal property?

Tangible personal property includes anything you own that is not attached to real property (land or improvements to land) and that has a physical form.

Intangible personal property includes other things without physical form, such as personal rights in intellectual property (patents, trademarks, trade secrets, etc) or vested rights in things you do not yet possess.

How do you get fees reduced on a car impounded a CHP impound yard?

Unfortunately, if you wish your car back, it is YOU who will have to pay the fee and then try to collect it from your (so-called) friend.

What happens if you leave your car with the towing company in NV and you don't want the car back?

After a period of time, it becomes an abandoned vehicle and can be claimed by another person/company.

Can they make you pay after they have repossessed your car. you are on disability?

they can try - usually they repo and sell vehicle at auction - then sue you for the difference. If you have no income then essentially explain that to them or a lawyer if applicable. Chances are they will drop the issue and just stick it on your credit report as a repo and negative write off.

Can you be charged a repo and insurance fee when the original owner never notifid you of the repo and drove the vehicle away herself?

I'm not sure what your question/situation is but... The Finance company can do what's called "forced insurance" meaning if you do not have insurance they will put insurance on the vehicle at a hefty cost to you. They can also repossess the vehicle even if you are up to date in payments but do not pay them their insurance rate.... and that money is still owed after the repo.

Is it against the law to marry a family member in New York state?

It depends on the family member. If it's a cousin, that's one thing. A sibling, parent, son or daughter, etc.--not OK.

How do you find work for repo man in Oregon?

Go to the banks and Savings and Loans or any place where they give Auto Loans and ask if they need a repo man. But you must have your own truck.

Does the 72 hour return law apply to motorcycles in Michigan?

No, the three business day (72-hours) "cooling off" return regulation does not apply to motor vehicles of any type.

What if a mechanic sold my car without notifying me?

Did you owe him money? If you took your car to him and then didn't pay him, he can put a "mechanics lien" on your car. He can fill out paperwork with the State and get a duplicate title and then recoup his losses for fixing your car when he sells it. This often happens when a tow truck takes your car to his shop and then you never come pick it up. Or when it is wrecked and it is taken to a storage yard. You have to pay the wrecker company in order to get your car back. If you don't, after a period of time, your car is considered "abandoned" and the shop can sell it to get their money.

If on the other hand, you dropped your car off and he promptly sold it to his buddy and YOU DON'T OWE HIM ANY MONEY then contact the State DMV fraud division.

Where do you go to get your car back?

Your car has obviously been towed away and impounded so you are going to have to find out what towing company took it. If you have been in an accident then it's in a police impound. May not be in a police impound unless they are doing an investigation which requires it to be impounded. It depends on where it is. Was it repossessed? Was it left on the side of the road? Was it parked in a no parking zone? Was it parked in a reserved spot?

Repossession laws in Ontario?

To redeem collateral, the creditor sends a letter authorizing an employee or person to repossess the vehicle. The VIN number, as well as any amount owing must be displayed on the document. This way, if the client wants to pay the money owed he can do so. At that time, after paying all monies owed, the secured party can not repossess the vehicle, and the payment agreement continues for the duration. If not paid, after the vehicle has been seized, the police are notified that the vehicle has been repossessed. This way, if the person owned the car phones the police, the client is notified that it was repossessed. The vehicle is stroed for 30 days to give a chance for the client to pay off the amounts owed. If not paid, the vehicle is sold, and the creditor has to try to get full market value. If the vehicle is sold for less than the money owed, the client is on the hook. If sold more than the material value, then you receive any residual money left over after ALL creditors have been paid. I hope this answers your question.

Personal belongings in a repossed vehicle in the California?

TO ANSWER YOUR QUESTION WHEN A CAR GETS REPOSESSED AND GETS RETURNED TO THE ORIGINAL OWNER ANYTHING AND EVERYTHING IN THE CAR IS LEGALLY GOING TO BE TRANSFERRED TO THE ORIGINAL OWNER OF THE CAR

If there is a judgment on a repossessed car can you still drive it?

If the car has been repossed, it means the person who borrowed money from a bank to purchase the car has not met his obligation to pay and the car is now owned by that bank. When that bank re-sells that car, the sales amount is sometimes not sufficient to cover the loss to the bank. The bank may then take second recourse by filing for judgment against the original purchaser to recover the difference. A judgment is a court decision regarding (usually) a debt.

So...if you bought the repo from the bank, you signed a new loan agreement which is your legally binding contract to repay the loan. That means you can drive the car as long as you pay on the loan. If the judgment is against the original owner, it has nothing to do with you. The judgment may be for the debt against that car, but you have a legal contract allowing you ownership. If the judgment is against you...and is on the repo'd car - it would have been physically taken from you and you wouldn't have access to it anyway, so of course you couldn't drive it.

If none of these scenarios answers your question, then be a little more specific and you'll get a more specific answer.

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