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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 can you repo a car that's in a locked garage in Ohio?
NO, you cant do that in ANY state. It will get you sued quickly.
Ohio Repo Laws
IF there is a perfected security interest for a loan that your car is collateral for, YES it can be repoed, in FLORIDA or California. Try UCC-1 filing for perfecting a security interest.
How do you start a collateral repossession company in South Carolina?
There are no particular laws pertaining to starting a repo company in SC. Of course you must follow the no breach of peace laws which apply everywhere. Some cities in the state require a business license some do not. Most all counties do not. There is no "repo licensing" in SC or NC. Most clients of any size will require that you have a 3 Million aggregate insurance policy covering wrongful repossession along with a One million dollar dishonesty bond. Some clients require certification through a national certification course such as the C.A.R.S. program. Much would depend on the clients you intend to work for.
Does a vehicle with out of state plates need to pay toll road fees in Florida?
yes, unless you want a ticket
Can the impound lot keep the items in your vehicle if your car was reported stolen?
No.
Another View: The police may retain any items found in the car pending proof that they actually are your property.
REMEMBER: The car was reported stolen... and then it was recovered and impounded. The perpetrators MAY have used the vehicle during a crime spree and stashed their stolen goods in the car. The owner of the stolen vehicle would not be the beneficiary of the stolen goods just because they were in his vehicle. and they may have to present proof that the items found in the car actually belong to them.
Can you use your car as collateral for a loan?
Yes, your car can be used a collateral but it is up to the lender.
Yes, your car can be used a collateral but it is up to the lender.
Yes, your car can be used a collateral but it is up to the lender.
Yes, your car can be used a collateral but it is up to the lender.
In the state of Colorado can an auto repair shop gain title to a car if owed money for repairs?
they can put a lien on your title,its called a mechanics lien
What are reasons a car would be impounded?
Default on loan payments, illegal parking, abandoned vehicle, unregistered vehicle on public property, violations of township ordinances requiring vehicles to remain intact and not be an "eye sore," and private property cluttered with junk cars with out proper authority to run a "junkyard" business - Just to name a few.
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Sue her...Or try to talk to her.
Is there any free good sites on the internet to find new addresses for people?
yeah,just come over and get on your knees
Does Michigan require sr-22 filings?
I don't know of a state that won't file an SR-22 if needed. This is a surcharge of points for the state you received a violation in. Example I live in Massachusetts if I drove to New York and was stopped for DUI in New York they would file an SR-22 on my Mass insurance, so they would collect the penalty and they send the money to New York. Usually a SR-22 last for three years.
Can a used car dealer repossess A CAR in Texas if YOU have not missed any payments?
NO! , he defenetely cannot do that.
you at least have to be 3 months past due.
What is the laws for cyberbullying in Ohio?
What punishment does cyber bullied get that cause a person to commit suicide
Can a repo company repo your RV if you are living in it?
Depends on the state laws, they may need to serve you with a eviction notice before repo. Although if nobody is home and the repo man shows up good chance they would repo it and expect nobody lives in it.
As a rule of thumb, if you could turn the car upside down and shake it, whatever would fall out is what you get. Not counting baby seats, ect. For the folks who read this, IF the lender is talking REPO, get your stuff out of the car. You WONT drive it for free long.
What methods do Repo men use to try and find a car they are having trouble finding?
Way too many to mention much the same that a P.I. would use to locate an individual. Did you really think that you would get a repo man to tell you his secrets? Come on. there is many ways. and a repo person will find that car maybe not today but they will find it.
Homeowner's insurance would be the first recourse. If insurance does not cover the damages the owner of the property would be responsible. The answer above is fundamentally accurate but the tenant is not automatically free of any obligation. If the tenant is renting a home as opposed to an apartment he may have some responsibility for reasonable upkeep and maintenance. If he fails to water the tree for a year and that is the cause of the tree falling, the owner may have recourse against the tenant.
What are the repossession laws in Texas?
REPO LAWS DOT COM has a good over view of the rules in Texas.
No, Missouri has no laws that require the creditor to notify the debtor that a vehicle is subject to repossession.
The lender can have the vehicle repossessed without notice as long as the repossession does not commit a breach of peace as defined by the laws in the jurisdiction where the vehicle is seized.
ADDED: While the above answer may have been correct at the time it was written - it is no longer applicable.
Quote: "As per the UCC, repossession is allowed and permitted as long as it is peaceful, after a Twenty Day Right To Cure Letter from lienholder to debtor. One time cure law in effect in Missouri; all others per contractual agreement." unquote
See below link:
If you default on your car loan can they take your away your pension?
Not right away.
Generally:
- The lender has a reposession company pick up the car and take it to an impound yard.
- The lender has the title changed to their name.
- The lender sell the car to a wholesaler, usually for the wholesale book value.
From the proceeds the seller recovers the legal fees and the reposession fees. The balance of the money is credited to your account.
Now the lender comes after you for the rest of your account balance. The can:
- Negotiate with you and settle for part of the money.
- Get a collection company to recover as much cash as they can from you.
- Take you to court and now the court can garnish your pension to pay off the debt.
Yes, the Trustee can and it does happen. Every creditor that has a secured lien must file the appropriate paperwork with the appropriate state agency and in most states, doing it within a certain number of days. Normally 20. If they don't do it timely, the Trustee can avoid the lien because it is voidable. In bankruptcy, Trustees have the power to void certain types of liens and unperfected or faulty-perfected liens are one of them. What to do? Easiest is to give the car to the Trustee. Then you may want to consider a separate cause of action against the car dealership for faulty perfection filing. May be able to recover the fair value of your use of the car. You won't have to pay the note back on the car. More opinions from FAQ Farmers: * Probably. You always have the right of appeal, though. And then a judge would decide if it is allowable.
How do you file harrasment charges on the police?
First is first: This is a serious thing and you should treat it that way too.
And here are some steps;
1. Go to the Police Department.
2. Explain to the man/woman at the desk counter that you have a situation that requires assistance.
3. Explain that you need a harassment forum.
4. Go where you feel comfortable or where the desk worker tells you to go and fill out the forum.
5. Then wait for the Police Dept. to contact you back.
Hope this Helps. And be safe.
IF the lender agrees to that amount, yes. Sometimes they want you to pay the loan off completly. And you have to pay the repo fees. Call the lender and find out.
