Repossession

A common misconception is that the "cosigner" is not financially responsible for the security of the loan/lease (the car) until after the primary has defaulted. Nothing could be more wrong.

The primary and cosigner are simply terms used to differentiate between the two signors. Legally, both are equally responsible for the debt, from the signing of the document until the last payment is made. If payments are missed, both will have their credit rating dinged. If the contract goes into default, both will be contacted by the lender or its agents.

In truth, one should never cosign for anyone if that one cannot be trusted unquestionably and unless the cosigner can afford to pay the loan if that should become necessary.

Well at this point if a repo agent is there to recover a vehicle or property, You no longer own your car or property the BANK does. If a repo agent gets proper authorities "police" and have paperwork stating the bank owns it the authorities can impel you to open your garage because now you are in possession of stolen property fully owned by the bank. but they also must give you a option to pay it up to date.

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.

Yes, you can if they cannot garnishee your wages.

Yes

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.

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.

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.

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."

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,

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

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.

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.

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.

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

You are required to stop for any pedestrians. Then proceed to check for traffic.

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.

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??

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

fidicuary vs non fidicuary?

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

this is not joke the outomibile is lives in the earth

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.

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).

he cannot break & enter to get the car.

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