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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 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.
How can co-signer transfer title to cosignee?
That depends on the type of property covered by the loan. A co-signer cannot transfer the obligation to pay the loan to the primary borrower. The co-signer has a contract with the lender that they will pay off the loan if the primary borrower fails to pay.
If the property is a car the co-owner can sign over the certificate of title and the grantee can request a new certificate of title in their sole name.
Can your car loan increase if sold to another finance company?
Absolutely ! The new company can pretty much charge what they like in interest on the outstanding balance - meaning your debt will be more..
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?
Does Tennessee require a right to cure letter before repossessing a car?
You can "self help" yourself, but it is better to ask a government official of that state.
Can a repo company repo a car without giving wrighten notice of the repo?
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.
What is the max late fees you could add to car finance loan?
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
What are NY automobile repossession fees?
As much as the repossession company charges. These are private companies with the latitude to set their own fees.
Can a home repossession be stopped if the arrears on payments are paid?
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.
Do you have to pay for unauthorizes repairs done on your car?
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.
What is the process of house repossession?
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.
Can i charge for getting your own things from a repossessed car?
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.
Can the tow yard put a hold on your license if you don't come and get the car and pay fees?
No. They can, however, put a mechanic's lien on your vehicle, which could ultimately give them possession of and the right to sell your vehicle.
Does having a remortgage help to avoid repossession?
Yes. If you don't remortgage, you can almost be assured that your property will be auctioned off to the highest bidder. The goal is to delay the repossession as long as possible so you will be allowed to prepare for reminders about payments, solicitors, and--when the time comes--upcoming court dates.
Can a repo man cut your lock on your fence or break into your garage to get a car in Toledo Ohio?
Nowhere in the US is that legal.
How can you take off your husband name from your car?
Change of registration at DMV with his signature relinquishing his ownership.
What will happen if your car is repossessed in NC?
Either you'll get your payments current plus repossession fees, or your vehicle will be auctioned off, and you'll still be liable for the remaining balance after the auction.
Why would a bank sell someone's car?
Because the bank owns the car. The person that financed the car did not pay the bank.
The dealership is not the one increasing your payment. They are a messenger for the bank. Apparently the bank is reducing the term for any number of reason which could be anything from your credit worthiness to the type of car. They are doing you a favor and would do you an even bigger one if they would cut it to 60 months. To finance a car for 75 or 84 months is insane. In a few years when you are tired of the car keep in mind it will cost you a fortune to get rid of it due to the length of the loan you will be upside down (owe more than it's worth) for probable 4 years or more.
It would appear reversed, but not upside down. If it does appear upside down, then either the plate is mounted in such a manner.
Can a co-owner refinance a property without telling the other co-owner?
No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.
No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.
No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.
No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.
