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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

Can a bank repossess my car if I am making some sort of payment?

If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.

How can I pay money I owe to someone I cannot find anymore?

The United States Post Office (USPS) can help you by using a Forward Address Requested so it does not come back as return to sender. Just go in there and ask, you have nothing to lose at this point.

The the ePay function how can i keep track of payments i have made?

To keep track of payments made through the ePay function, you can regularly check your transaction history within the ePay application or website. Most platforms offer a detailed overview of past transactions, including dates, amounts, and recipients. Additionally, consider setting up email notifications for each payment made to maintain a record. For further organization, you can also download or export your transaction history for personal bookkeeping.

The document used to advise customers that they owe a company money for a sale is called?

The document used to advise customers that they owe a company money for a sale is called an invoice. An invoice itemizes the goods or services provided, along with the amount due, payment terms, and due date. It serves as a formal request for payment and is an essential part of the billing process in business transactions.

If my car has been repossessed can I still trade it in for a different vehicle?

No, you no longer have anything to trade (the car is now the property of the repo company not you).

Is it a violation to let a repo man enter a gated community?

Legally, no. What the community's terms are on this may vary.

Can you get your personal belongings back from a repossession?

For the most part you can. You can retrieve personal belongings. This means like your library books, cell phone, a firearm, tennis shows, or your child's car seat. However, if something has been added to the car, you cannot. If you are wanting to get back expensive speakers, specialty lights, or an in-dash GPS, you can't. That is now part of the car, and not a personal belonging.

Where to post cars for sale for free?

Repokar Com, trust me you'll never regret that, my friend sold 3 cars out there already, for really good prices. I never thought he'd get that much for the old Acura he had, but with repokar's help he did it!

Where do I find repossessed vehicles for sale?

First, they go to auction. Depending on the agency auctioning them,, those auctions may be open to the general public, or they may be open only to selected bidders. From there, they're often bought by wholesalers.. depending on the age and value of the vehicle, they may either be bought by reputable dealerships, or by these 'buy here, pay here' lots.

Can a repo man repo your truck behind your gate?

Yes. If he has a repo order, it is no longer YOUR truck.

Who owns a car when the finance company refuses to pick it up?

As long as the finance company holds the title, they effectively own the vehicle.

Whats the difference between buying a car with a loan and leasing a car?

When you have paid off the loan the car becomes yours.

When leasing a car it never becomes yours.

How do you make a letter of intent to repossess a car?

Using any standard letter format, the body of the letter should be as follows:

Paragraph 1: State why you are writing, for example, "We are advising you that your (year and model, or other identifying information of the vehicle) is scheduled for repossession."

Paragraph 2: State the basis for the repossession. Include reference to any previous notification you have sent.

Paragraph 2a: (Use only if no previous past due notices were sent) Provide information for how the recipient can remedy the situation to prevent the repossession. Be sure to include a deadline date/time that the remedy must be accomplished.

Paragraph 3: (known as the "call to action" paragraph) For example, "Please contact me immediately at (phone number/email address) if there is an error in our information or if you will voluntarily return the vehicle. If we don't hear from you, the repossession will take place. Thank you for your attention to this matter."

Keep the language professional even if the vehicle transaction was between private parties. Remember, this letter is documentation of your actions as well as a notification to the recipient.

When can a car be reposessed even when the payments are made?

If it goes into impound, the car can be repossessed. If the car is not retrieved from impound, then the agency which put it there files their own lien, which takes precedent over any other lien already existing on the vehicle.

Can you repo a car in VA for not having insurance?

Yes. All finance contracts have requirements for providing and maintaining Comprehensive and Collision coverage on a vehicle being financed under the contract. If you allow your insurance to cancel without providing replacement coverage, you have violated your contract and the vehicle will be repossessed.

Can title loan company repossess your car in another state?

Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.

Can my lien holder repossess my vehicle if i don t owe them money and no contract was violated?

From what you describe it has no legal grounds on which to repossess your vehicle unless you missed some provision in the contract that has been breached. You may need to obtain a release of the lien from the lien holder to clear the title. You should try to contact the consumer division of your state attorney general for more information. If possible, you should get some advice from an attorney and act as soon as possible.

Is it legal to repossess a boat when infact the loan company doesn't have the title to the Double axle trailer?

The boat, yes - the trailer, no. Rest assured, they've dealt with this situation before, and are adequately equipped to deal with repossessing your boat while still leaving you the trailer.

How long does a repossession agency have to hold personal property in the state of Colorado?

There is not a set period they must hold it.

They must "Make it available for collection for a reasonable period"

This is usually the time between when they notify you of how the car will be resold and the date it goes on sale.

What was Egypt like back then in the old days?

Egyptian civiliation has been around for millenia... there are a LOT of "old days" in the history of that country, and a lot of changes within the millenia in which Egyptian civilization existed. You would need to be a bt more specific about which "old days" you refer to.

Can a cop seize your car if it has a bank lien on it?

The priorities of local and state governments, as well as the federal government, takes precedence over those of private parties. If you do something to get the car seized, it doesn't matter if there's a lien on it or not.

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