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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
Do you get better gas mileage if you drive your truck with the tailgate down?
Not only is gas mileage not improved by driving with the tailgate down or removed, it gets worse. Counter-intuitively, driving with the tailgate down increases the aerodynamic profile and wind resistance, degrading fuel economy. (Mythbusters recently debunked the myth. See link.) See the Related Link for "Mythbusters Episode #43" at the bottom left.
How do you install a screw drive garage door opener?
For safety's sake, the best way to learn how to install ANYTHING is to carefully read, understand, AND FOLLOW the MANUFACTURER'S INSTALLATION AND OPERATOR'S MANUAL. Good luck ! j3h
Just to add on...
I rarely recommend for people to install their own garage door opener. It's not that an average person couldn't do it himself/herself, but most people won't follow directions carefully enough to have the opener installed properly. It also isn't too cost efficient to spend an entire day trying to make an opener work.
However if you are insistent on doing this yourself, please read all the directions before hand (not just while you install the unit). Prepare yourself and you will be able to do it. Also, there are instructional videos online. Just search it up and watch through them. If you have any doubts, just call a local company to come out and help.
That the dealer went out of biz while you still owe on the note, meaning they could claim that they want it back because you failed to make timely payments, could be a complication at some point.
2 things to do now though:
Carefully read your agreement. There is normally specific instructions on how you must tender payment - and or where to make legal contact. Make contact by certified letter saying that you have not been able to reach them at the place of Biz, as you always had previously, and have received no communications. If there are no alternative addresses, write the same type of letter, certified mail, to the address of the place of Biz that is closed. (It may well get fowarded). Your just trying to establish in a verifiable way that you have been making reasonable attempts to adhere to the agreement.
Then, and you can begin to do this at the same time, check with your State. Many, if not most, States require used car dealers to be liscensed. They should have contact information, or a process for you to follow already established to assure the title is delivered, if the dealer has flown the coop!
The car is not "free" because it costs money, labor, and time to produce the car.
If you are the lien holder then you loaned them the money to purchase the car. Just wait for the payment, and if it is not made according to the loan agreement, contact the police and see if you can reposses the car. Of course you may have to pay the impound fees.
For those interested in an answer in kilometers, 20 miles = 32.18688 kilometers.
Although it is possible to think of their paths forming one big triangle, the above explanation should be the easiets to see and understand. This is the original one big triangle answer. The cars would be 20 miles apart diagonally. If you draw the pattern out, you will notice a right angle triangle with base of 16 and height of 12. Using the formula A squared plus B squared = C squared, the answer is 20.
Which is the first police in the world?
In 1779, Bailies (magistrates) of the City of Glasgow appointed James Buchanan as Inspector and established a Police force of eight police officers. This force failed through lack of finance in 1781. In 1788 six Bailies proposed to establish a Police force and obtain an Act of Parliament to empower them to levy a rate from householders to finance the force.
The Bailies displayed vision and innovation in setting out their proposals insisting that the force would be run by a Watch Committee of elected citizens, known as Commissioners. The force would wear uniforms with numbered badges with 'Police' inscribed on them and each member would lodge £50 to guarantee their good conduct. The force of eight would provide twenty-four hour patrols (supplementing the Police Watchmen who were on static points throughout the night) to prevent crime and detect offenders.
The policemen they envisaged would not be mere watchmen and what they had written down was the concept of "Preventive Policing", 40 years before Sir Robert Peel established preventive policing in the Metropolitan area of London in 1829. In February 1789 this force of truly professional police took to the streets.
During the following eleven years, Glasgow City fathers tried to get their Police Bill before Parliament, but without success. In the meantime, the small, pioneering, Glasgow police force, lead by the Master of Police, Richard Marshall, was struggling to maintain its existence due to lack of the finance that the Bill would have provided. In 1790 the force failed and the City had again to rely on a City Guard of citizens. During the summer of 1800, the Glasgow Police Bill was debated in Parliament and on 30 June 1800, the Glasgow Police Act received Royal Assent.
If you are disabled can you still be evicted?
if a person is disabled with a 7 year old son in low income housing in Maine can he still be evicted due 2 a former spouse that has been charged with a felony and was told that he and son have to move out to.
Can i go to jail for hiding my car from the repo man in Wisconsin?
When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor
It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car
In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car
Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency
A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment.
How do you ride big rims on cars?
Well, depending on your current desires, big rims could be "ride on" by buying a vehicle that's blue book value is less than $1000. In addition to that, it must have a spray-painted paint job. Buy enormous rims that make the vehicle ride extremely stiff, and most importantly, do not adjust the suspension in any way to alter this "wagon-style" handling. If you do happen to buy an expensive vehicle, you can easily decrease it's value by installing large size rims, preferably spinners, that transform your vehicle from from a luxurious ride, into a ghetto fabulous piece of work. Make sure you spend all of your money on these rims, as well. Do not, however, pay child support or any other bills that may put food on your own table. If you keep one phrase in your head when your considering purchasing something of such sentimental value, you will never have to worry about "riding big rims" on your vehicle. "Are the rims big, do it ride good?", in the most proper English possible.
v/r
anonymous
When you default on a home loan and your lender had delivered you the Notice of Default, you have the option of trying to save your home through loan modification. Your lender may also have other options you can pursue if you contact them immediately when you begin to slip on your finances. However, very few homeowners know about all their legal options that may be available to them. One very important option to be aware of is that some states provide for a redemption period after foreclosure.
What is a Redemption Period After Foreclosure? The redemption period is a state regulated statute that allows a homeowner the opportunity to live in the home at the time of foreclosure without being evicted. More importantly, in states with a redemption statute, the homeowner is also given the first opportunity to regain ownership of the property by paying for the home at the foreclosed price.The length of time allowed for the redemption period is always dependent upon which state the property being foreclosed on is located in. Since this is a state regulation, some states may not even offer this option, some states may offer a period of 60 to 90 days, and other states may offer no more than several days to a week. It's the homeowner's responsibility to be knowledgeable as to whether or not this right is extended and for how long.
Why Does The Redemption Period Matter?There are obvious benefits to the property redemption program, but there are also some less obvious benefits as well:- When the time comes that the foreclosure is inevitable, and there is no way the homeowner can pay the money needed in order to retain ownership of the property, the redemption period provides time for the homeowner to consider other options he has regarding his future living situation without having to make an immediate adjustment from the home to a smaller dwelling.
- Another benefit is the fact that the redemption period can allow the homeowner much needed time to take care of bills that are piling up, or take care of issues with other creditors and to begin to take back control of other financial issues. This can be extremely helpful to a homeowner who has multiple financial problems.
The reason the redemption period is so important is because, when utilized properly, the homeowner can either find the means necessary to retain ownership of his or her property without ever having to leave it, or the time can be used to straighten out any other financial matters that may be weighing on the homeowner.
Talk to a Foreclosure Defense Attorney To find out if your state offers a redemption period and to take advantage of this legal option, you should get the help of a lawyer who specializes in foreclosure. Your lawyer can provide you with an overview of all of your options during foreclosure and can help make sure your rights are protected.Damien, as long as you are behind, they can repo. read your conract where it mentions "DEFAULT". If you are in default, they have the right to repo. Whether or not they do repo depends on many variables. Basiclly, they have to at least think there is a chance that you WILL pay so they dont repo. PAYING is the best way to make the lender think you will pay. LOL Good Luck and get your personal property out of the car until you get caught up.
YES if you are in default of your agreement they can attempt repossession and repossess your car. Your contract specifies what a default means. In practice they only repossess at 60 days past due but not always.
NO THEY CANNOT PUT A WARRENT OUT OR HAVE YOU ARRESTED FOR GRAND THEFT AUTO. Usually a repossession precedes a court order meaning they need no court order to repossess. As a result if you prevent repossession and hide the car you are not violating criminal law.
Once they are unable to take the car and its obviously hidden however they can get a court order and the sherriff's department takes over and demands you return the car. If you still dont then you are generally charged for contempt of court...but continued failure to return the car on court order could constitute theft.
But in your situation NO THEY CANT PRESS CRIMINAL CHARGES
Oh yes they can.
Some states, such as Georgia, have criminal code sections for "Concelement of property subject to security interest", and do not require contempt of court to have someone charged. A lienholder or their represenative can file an application for a warrant with the magistrate judges office, and the judge will set a date to hear it. (usually within a day or so) They are required to, as it is a state law with a code section, and if it is proven to have been violated, they have no choice but to issue a warrant, by their legal duty.
Before you say it can't happen, I know it can. Yes, you be criminally charged for conceling a vehicle from the lienholder, as I have seen it happen more than once.
Can you repossess a car if you sold it privately?
Do you have a contract with a "repo clause" in it? Anything about what will happen if the debtor is in DEFAULT? Do you have the means to actually repo a car? truck, tools, location of the car, etc? Does your state require a "right to cure" notice? Lots of variables here.
Can a car be repaired if the frame is damaged?
It depends on how badly. Some body shops have equipment for straightening bent frames. If the metal has actually buckled, the repair might involved cutting it out and welding in a new piece. That procedure would be a job for a real expert, if the result is to be safe. The cost of frame repair may be prohibitive in some cases. And your state's laws may require a salvage title on the result. Your regular backyard mechanic will unlikely have the dimension specifications information for a vehicle's frame. Specialized equipment is required to carefully pull a bent frame back into manufacturer's specifications. A backyard mechanic might cause more damage to the frame and weaken it if it is not done properly.
Where can you find a diagram of the immobilizer wiring for a Nissan Frontier?
where to find wiring diagram for a vauxhall vectra 1.7 td
How can you get a new pink slip for your car?
If you have lost or misplaced the title to your vehicle you can get a replacement. Go to your local tag office where you register your vehicle. They will have a form for you to fill out and you normally have to pay a small fee.
Are you able to trade-in your vehicle even if you are still paying it off?
Yes. The balance owed will be added to the loan amount of the car you are purchasing.
Be careful. This is a credit trap that will be hard to get out of, as you will have a huge loan that will be there when the car you bought is worn out.
The above is absolutely correct. Remember that you will still be making payments (indirectly) on a car you no longer own or drive. Best to have the trade in 'free and clear' before even considering upgrading to another.
What is the purpose of acid in a battery?
Can a car that was sold be repoed if title not transferred WITHIN 45 DAYS AND NO Insurance?
Read your sales contract.
You should check with your state DMV to determine if there is an official policy. There are several ways you could sign:
- Your old name.
- Your new name followed by a notation "formerly know as ___".
- Your old name followed by a notation "now known as ___".
You should check with your state DMV to determine if there is an official policy. There are several ways you could sign:
- Your old name.
- Your new name followed by a notation "formerly know as ___".
- Your old name followed by a notation "now known as ___".
You should check with your state DMV to determine if there is an official policy. There are several ways you could sign:
- Your old name.
- Your new name followed by a notation "formerly know as ___".
- Your old name followed by a notation "now known as ___".
You should check with your state DMV to determine if there is an official policy. There are several ways you could sign:
- Your old name.
- Your new name followed by a notation "formerly know as ___".
- Your old name followed by a notation "now known as ___".
If the person that totals-out the car doesn't pay the amount owed, then the co-signer is held liable for the remaining balance due on the car. If the co-signer says "the heck with paying it," then your credit report could be affected for up to 7 yrs. or the co-signer could be sued by whomever the co-signer owes or both. The co-signer may then turn-around and be able to sue to recover their costs/expenses from the person that they co-signed for, depending upon the agreement signed at the time. Also, if their was another insured vehicle involved in the accident, and the other driver was at fault, then the other driver's insurance pays the co-signer since the title is in the co-signer's name, and the totaled car was insured, if required by state. If other car was uninsured, then you can sue the uninsured driver for the loss. Different laws for different states.
What cars that cost under 20000 have the most driver head and leg room?
If you wanted to go used you could easily get a Honda Element which has tons of room for under 20k. In new cars you could look at a Nissan Versa which has a surprising amount of room for a small car.
Since your name is not on the title you have no right to possession. Therefore you must be diligent in making the payments on the loan to keep it current or your credit will be ruined. Make sure you have written proof that you are the one making the payments and keep a clear record for every payment you have made. Canceled checks are the best proof. Automatic withdrawals may not satisfy the court that you are the one making the car loan payments. Extremely important: You should make sure there is full insurance coverage on the car in case your son is involved in an accident. He may not be paying the insurance either. If he wrecks the car and there is insufficient or lapsed insurance you will still be responsible for repayment of the loan. You should contact an attorney in your area for advice on filing a court action to have the title transferred to you so that you can take possession. You should act ASAP to protect both your investment, your liability for the amount due on the loan and your credit.
Is there a time period within which you can return a car if you decide you really didn't want it?
The majority of car dealerships across the United States do not have a three day return policy or cooling off period on new or used car purchases. "Buyer's Remorse" will not be enough to get you out of a vehicle purchase or return a car to the dealer.
Is an emotional response from a car buyer during or after buying a new or used car. Buyer's remorse can be feelings of depression, anxiety, fear or regret.
Car buying tip: Car salesman are very aware of buyer's remorse and know that it can be a deal killer. Do not let a car salesman or dealer manipulate or persuade you into signing a binding contract or any other paperwork until you're ready to buy the car.
Some car dealerships do have "3 day return policies." however these car dealerships will only honor their return policy if you have something clearly stated in writing.
