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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 you still drive when misfiring car?

You can but it is not a good idea. If your engine is misfiring then unburnt fuel will enter the exhaust. This will damage the O2 sensor and eventually destroy the catalytic converter costing you big time. Stop driving the car until you can have it repaired.

How do you write a letter to bank fo car loan?

The way to write a letter to a bank for a car loan can be done in a few simple steps. State the reason that the loan is needed. Include the amount that is needed and the method of repayment. It is also a good idea to include references and proof of income.

Can a creditor garnish your wages in Texas?

Texas statutes only allow wage garnishment if the judgment creditor has no other means of collecting the debt owed (bank levy, lien against real property, seizure/sale of unexempt property, etc.).

The above does not apply to child support or in some instances spousal maintenance.

When notarizing a car title do all parties have to be present or just the seller?

In most states only the seller is required; however the buyers information (name & address) must be completed. Only the sellers signature requires notarization. Check with your states DMV to make sure.

Can I cancel a vehicle contract in California if I didn't receive a copy of the signed contract after taking vehicle possession?

Probably not. It's very difficult to prove you didn't get something. You could try contacting an attorney, but basically you're going to go to court and say "they never gave me a copy of the contract" and they're going to say "yes we did" and the judge is going to say "get out of my courtroom and stop wasting my time; you should have insisted on getting a copy at the time you signed it, what's wrong with you anyway."

What were the first businesses to expand franchising operations?

automotive franchises developed for gasoline, oil, and tires. In the 1950s, food operations made a dramatic entrance into franchising with the development of McDonald's,

Who are institutional buyers?

Institutions are those organizations whose primary activities and goals are charitable, educational, community, or nonbusiness in nature. They include both public (such as libraries) and private (some hospitals) institutions

Do I have to pay for a car loan if the car isn't mine?

Auto loans are used for purchasing a vehicle of any kind. The loan is taken out by the person who purchases the car, and therefore the official payment is made by the same person.

How to list REO's and foreclosures for banks?

Asset management companies handle the disposition of the REOs for the banks (also referred to as 'servicers'.)

When an asset management company has an asset to assign to an agent this is the process they use:

1) What agents do we have in our system who sell in the geographic area where the asset (REO) is located?

2) What is this agents track record with our company..have we used this agent before, did they do a good job?

3) What education of designations does this agent have? If the asset managers are choosing between agent A and agent B and agent A has more recognized education A Will get the listing. In the REO/ BPO industry the RSD Designation from Harris Real Estate University was suggested to me.

Will car batteries between cars?

You will have to look at it for physical differences. If all is cool there, then probably, however, different cars have different battery needs. If it is physically exact, it will probably work, though.

How much fuel does a car use per mile?

Divide a gallon by the miles per gallon. 1/mpg=amount

Is secondary signers credit affected if car is repossessed?

Yes. Before you co-sign be sure you can afford to pay if you have to, and that you want to accept this responsibility.

You may have to pay up to the full amount of the debt, if the borrower does not pay as promised. You may also have to pay late fees or collection costs, which will increase the loan amount.

The creditor can collect this debt from you without first trying to collect from the borrower. The creditor can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc.

Can a lender repossess a car that the title is only in the co signers name and being paid by the co signer to pay other delinquent loans with the same lender owed only by the primary borrower?

the key phrase here is'being paid by'. in my totally uninformed opinion,if the car loan is good the car is safe. it did'nt say anything about being co-signer on any other debt, and the faithful[paying] party would be unduly harmed by loss of the money and the car too. It would just suck so loud no law would support it, would it??

Can the government file only criminal charges?

Only the government can file criminal charges. They do not get into civil matters.

When was the first moving vehicle invented?

a first outomobile is robokapaps this outomobile is stong,loyal,helpful,friendly,

this is not joke the outomibile is lives in the earth

What do you do if a repo person comes on your property?

First of all, iv had little respect for those who make their living off of other peoples misery. I will say if you are a repo person, if you do your job and dont do what one did to my Wife and take her car in the middle of the night with two child seats in it leaving my Wife with no way to transport her children. At least give someone their property back that you know they desperately need. I have seen some decent people who will give you a chance to recover your personal items. If they are trying to be cool about it, let them do their job. Either way, if they have leagle papers, and I would make sure they do, let them have the vehical, it's the rite thing to do if they are within the law. I still would not like to be a repo man, again, I think their is more honorable ways to make a living in my opinion.

Can a person that still is paying the bank for a car sell the car to an private individual?

No, because a person who is still paying on a car does not have the title. They would have to pay off the bank to obtain a clear title either first or as a part of the transaction (this is essentially what happens when you trade-in a car you still owe on at a dealership... you sign contracts agreeing to transfer your interest in the vehicle, the dealership gives part of the money to you (possibly in virtual form, meaning they instead reduce the price of the car you're buying by that amount) and pays off the bank with the rest).

How much will you pay if your car is out for reposession and it never get caught?

all of it. Just because they cant find the car doesnt mean your debt goes away.

What happens if you let a car go back?

They will sell it at auction for pennies on the dollar and then come after you for the remaining balance.

They will often sue you if you have a garnishable job and then garnish your wages if you refuse to pay.

Do fake g shocks say techno?

yes, all g shocks should have Casio written on them, the techno gshocks are one of the best of the fakes

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