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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 happens to ginepigs if you pick them up by there tails?

They will probably, and this is just a guess, bite you with their razor sharp teeth or their tail will fall off or they will die.

If you leave your car at a tow lot will you have to pay if you dont want the car anymore?

yes because it specifically said car tow meaning that you pay for the car even if you dont want it, you must pay.

Can the company that placed a mechanic's lien on a car sell it without giving the owner the difference in Texas?

The person who wrote below did a good job in citing the property code but obviously doesn't know how the courts have answered the question. And the answer is yes, yes and yes.

answer in short?? NO, NO, and still NO

http://www.capitol.state.tx.us/statutes/statutes.html TX statutes in general http://www.capitol.state.tx.us/statutes/docs/PR/content/word/pr.005.00.000070.00.doc this the one I quote from PROPERTY CODE CHAPTER 70. MISCELLANEOUS LIENS SUBCHAPTER A. POSSESSORY LIENS Sec. 70.001. WORKER'S LIEN. (a) A worker in this state who by labor repairs an article, including a vehicle, motorboat, vessel, or outboard motor, may retain possession of the article until: (1) the amount due under the contract for the repairs is paid; or (2) if no amount is specified by contract, the reasonable and usual compensation is paid. (b) If a worker relinquishes possession of a motor vehicle, motorboat, vessel, or outboard motor in return for a check, money order, or a credit card transaction on which payment is stopped, has been dishonored because of insufficient funds, no funds or because the drawer or maker of the order or the credit card holder has no account or the account upon which it was drawn or the credit card account has been closed, the lien provided by this section continues to exist and the worker is entitled to possession of the vehicle, motorboat, vessel, or outboard motor until the amount due is paid, unless the vehicle, motorboat, vessel, or outboard motor is possessed by a person who became a bona fide purchaser of the vehicle after a stop payment order was made. A person entitled to possession of property under this subsection is entitled to take possession thereof in accordance with the provisions of Section 9.609, Business & Commerce Code.

(d) The lienholder shall apply the proceeds of a sale under this section to the charges. The lienholder shall pay excess proceeds to the person entitled to them. SALE OF MOTOR VEHICLE, MOTORBOAT, VESSEL, OR OUTBOARD MOTOR. (a) A holder of a lien under this subchapter or Chapter 59 on a motor vehicle subject to Chapter 501, Transportation Code, or on a motorboat, vessel, or outboard motor for which a certificate of title is required under Subchapter B, Chapter 31, Parks and Wildlife Code, as amended, who retains possession of the motor vehicle, motorboat, vessel, or outboard motor for 30 days after the day that the charges accrue shall give written notice to the owner and each holder of a lien recorded on the certificate of title. If the motor vehicle, motorboat, vessel, or outboard motor is registered outside this state, the holder of a lien under this subchapter who retains possession during that period shall give notice to the last known registered owner and each lienholder of record. (b) Except as provided by Subsection (c), the notice must be sent by certified mail with return receipt requested and must include the amount of the charges and a request for payment. (c) The notice may be given by publishing the notice once in a newspaper of general circulation in the county in which the motor vehicle, motorboat, vessel, or outboard motor is stored if: (1) the holder of the lien submits a written request by certified mail, return receipt requested, to the governmental entity with which the motor vehicle, motorboat, vessel, or outboard motor is registered requesting information relating to the identity of the last known registered owner and any lienholder of record; (f) If the charges are not paid before the 31st day after the day that the notice is mailed or published, as applicable, the lienholder may sell the motor vehicle, motorboat, vessel, or outboard motor at a public sale and apply the proceeds to the charges. The lienholder shall pay excess proceeds to the person entitled to them. UNCLAIMED EXCESS. (a) If a person entitled to excess proceeds under this subchapter is not known or has moved from this state or the county in which the lien accrued, the person holding the excess shall pay it to the county treasurer of the county in which the lien accrued. The treasurer shall issue the person a receipt for the payment. (b) If the person entitled to the excess does not claim it before two years after the day it is paid to the treasurer, the excess becomes a part of the county's general fund.

Sec. 70.008. ATTORNEY'S FEES. The court in a suit concerning possession of a motor vehicle, motorboat, vessel, or outboard motor and a debt due on it may award reasonable attorney's fees to the prevailing party.

In the State of Texas can the lender on a repo for the deficiency that is still due after the auction put a lien on your house?

YES, who spread that rumor? LOL

Texas is a no garnishment state. Therefore they cannot garnish your wages for any reason.

If you do a voluntary repo and the dealership sells your car do they have any right to collect interest?

The contract called for interest as long as you had the car. IF they get a judgment for the balance owed on the contract, it will call for interest until it is paid. READ your paperwork.

What happens when there is a voluntary repossession of a vehicle and you cannot pay the remaining 13237 debt because you are unemployed and looking for a job?

The borrower is responsible for any deficiency in the balance of the loan and applicable fees that remain after the sale of the repossessed vehicle. If the borrower cannot reach an equitable repayment agreement with the lender, the lender may decide to file a lawsuit against the debtor to recover the monies owed.

What can you do when a repossession company will not return your personal belongings unless you pay a charge and will the police help you in getting your things back?

It depends on which state you live in, so check the law. In Florida, anything inside a towed or repossessed car is still the property of the owner. The repo company may have a right to take back what property they own by default (in this case, you car for non-payment); however, they have no legal right to keep your other property or charge you for its return. That is considered theft. You can call your local PD or courthouse and they can tell you what to do. If it is considered theft in your state, call the police and they will respond to the repo company to help you retreive your property.

How much would the catering costs be for a ten man shoot for ten days?

This general question can only answered in general terms. To hook up ten guys on a shoot probably means breakfast, lunch and dinner for some guys burning a few calories. You already know that the best way to line this up is by sketching a menu for the stretch and then pricing ingredients. Food items have a somewhat variable cost in different parts of the country, and one could trim some chunks off the costs by shopping a food supplier who stocks, say, one gallon sized cans of whole kernel corn. Pour this through a ten key and get a total and you're set. This approach is a page from the manual of hoteliers who do this for a living. The banquets they host for the different groups have some very simple economics associated with preparing an estimate for a meal for a group of almost any size. They have a stack of profit and loss statements from a whole bunch of gatherings to draw data from, and they can crunch the numbers in nothing flat. Whether they will share their information or not is questionable, and you must understand their kitchen costs will be different from yours. Any costs for beer or other alcoholic beverages can make the price of the gig go outta sight in a hurry. Maybe they have to bring their own. (Hopefully the guys won't clown around and do a Dick Cheney - mixing alcohol and gun powder.) Be sure to account for (or take advantage of) anything for cooking (and food prep!) that will be available there. (Is an outdoor grill available for grilling burgers or chops or chicken? If not, can the chef take an adequate one?) This is critical. If there isn't a big oven, how can the chef bake a stew or pot roast for ten? Stove tops are cool, but ovens add flexibility big time. You'll be taking all the cookware, knives and kitchen tools, yes? Your packing better reflect the menu and have some flexibility. Q: Is the shoot going to produce game that the shooters might wish to eat that day or the next? As an aside, the wise person would pack a modest but adequate first aid kit. Start with a tentative menu and take it to a "wholesale" food store along with your calculator. If an associate can go along who has something to add to your own expertise, include that person when planning a menu and take that person to the store if possible. Two heads are usually better than one. Include costs of condiments and things like butter, cooking oil, flour, sugar, coffee (!), and the like. Think through the meal and all the things needed to prep the food items as well as cook them. Serving them is the easy part, but you already knew that. As always, good luck. Bon appétit!

You want to go bankrupt can you keep your car?

It depends on whether you are still making payments, what the judge considers to be reasonable requirements for your employment and the approximate value of the vehicle compared to something far more reasonable that might be used for work. There is no way to second-guess what the judge will decide, but if the title to the vehicle is security for a loan, you'll need to continue to make payments on the vehicle otherwise it will be given to the bank for their secured interest.

Can your condo neighbor have your father's car towed out of your deeded space?

Possibly, if the condo agreement requires that all cars be registered with a central list and that any neighbor (or designated snoop) can have non-listed cars removed without notice. Otherwise, the deeded parking space is yours and only the owner of property (or his agent) can enforce "no-trespassing" laws. If this is the case, the neighbor should gladly reimburse all of your father's expenses for towing etc and apologize profusely, knowing that your father could sue or bring criminal charges.

How long does breach of peace stay on your record for?

If it occurred after you were legally an adult, it will remain a permanent part of your criminal history record.

Can a tow company sell your car with an auto lien if bank still owns it?

In some situations, yes. If a shop has a mechanic's lien on your vehicle for nonpayment of services, and the lender is notified that sale is immanent but makes not effort to stop it, the vehicle may legally be sold.

Is an assignee a lien holder?

An assignee of a lien is the new lien holder.

Is it legal to charge the owner for vehicle and personal item storage and some valuable items were not returned after the repossessed car is back in the owner's control in Georgia?

Storage??YES. Not getting all PP back? NO. Call a local attorney. First of all yes it is legal to charge a storage fee for personal property that was in a repossessed car in the state of Georgia. Second - what about valuable items that were not returned? Did you sign any thing when you picked up your property from the repo man? If you did, then in most cases you are out of luck. What you signed was a paper that stated that you received all your belongings at that time. When we repossess a car, we are not interested in what is in the car, we do not want to be inventoring a car at 2am. Our objective is to get the car. Not only do we not want to be listing everything that is in the car, we don't want to store it for 60days waiting for you to come and get it. If a repo agent is picking up your car, offer him the keys to the car in exchange for the ability to clean the car out before he leaves you with it. By doing this, it will save both of you time and money. The best course of action is to immediately sue the lender in small claims court and file a stolen property report with the police.Do not get discouraged if the police seem less than helpful, be polite take names and keep asking for a supervisor(repo guys tend to grease the cops) and try to get the report.Then send a certified letter to the lender asking for the return of your stolen property within the next few days and let them know they will be responsible for all of the expenses you will incur to recover your stolen property.I would not worry about the wavier since I'm sure you signed it before you saw your personal possesions that is how the repo scumbags operate.It is not that hard you just have to keep at it remember attack the lender not the repo moron he is merely a chimp for the bank. Even if small claims fails you can still hire a lawyer and pursue it in civil court.The main thing is to get it on the books.

Can you be charged with theft if you do not give up your car with in 24 hours if you know they are about to repo?

Most states have laws called "Hindering a Secured Creditor" for when a debtor will not return collateral. NONE have a 24 hr. time limit that I know of. THEFT? NOT that I am aware of. no you can not be charged witht theft if you do not give your car to the repo man or turn it in to the finance company,this is a myth in every state in the united states.i owned a repo company one of the largest in the west coast for fifteen years.if you would like a more direct answer to your question email me directly at repodon@aol.com i give advise free

You live in Florida can you file bankruptcy on your debts with out it affecting your husband?

You can file bankruptcy individually instead of jointly but if your husbands name is on some of the accounts it may effect him. You would need to speak to an attorney and explain your situation in detail to get the right answer.

Can they repossess your car without calling the local law enforcement?

all states are different. but the answer is yes. they only need to notify the authorites afterwards.

Do you need a license in New jersey to ride a rocket bike?

You need a license to drive any powered vehicle on public roads except farm equipment.

They're not legal for road use in NJ

Can a police officer release you and later issue a warrant for your arrest?

No, a police officer cannot issue a warrant for your arrest only a judge or court magistrate can do that.

What is the Difference between a mechanic's lien and an artisan's lien?

Artisans lien is against personal property and is possessory. Mechanic's lien relates to real property.

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