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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 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

Can they repo your car for being late 7 days?

Yes, they can repo it for being 7 minutes late.

Most generally will not unless its a first payment defaut or they have reason to believe you are going to screw them.

Does g-shock say aqua shock?

Never will genuine G-SHOCK's say that.

Can the lender just take the car payment out your account?

Not confident that I understand your post. IF you autrhorized the lender to debit you bank account to accomplish your monthly payments, then yes.

I've not heard of that before. Most auto debts are unsecured.

It depends upon how your loan was positoned. You didn't tell us that --- so we're left to guess.

Can you prosecute a repo man for trespassing on commercial private property to repo a auto?

Only a prosecuter can prosectute.

It is legal to repo a car from anywhere as long as they dont "breach the peace" to get to it. That is, they cant break & enter or physically move you out of the way.

What will be the damage if you don't change cambelt in car?

If the cambelt breaks it may bend the valves in the head depending on the car but 9 times out of 10 especially if diesel will do alot of damage and will be very costly. Change the cambelt its less costly...

What do you do if you suspect someone is trying to steal your identity?

Notify the authorities. If there is criminal intent, notify local police and/or District Attorney's office.

How are title examiners trained?

Training is typically acquired on the job, and lasts between one and two months

Can a tractor hooked to a trailer wanted for repo be towed?

Only if the trailer is unladen, and also up for repossession. Otherwise, it must be detached from the power unit before the power unit is towed away.

If there's a load on that trailer, and that trailer is towed away, the repossession agency is liable to come under criminal and civil charges.

If you cosign on a loan for someone else Will you still be able to buy a car?

I am willing to pay someone with good credit $3500 cash to co-sign for me on an auto loan , This way i can rebuild my credit , I would pay about the same if i had a hi risk loan the % rate would be so hi it would cost me the $3500 just the same . If you would like to help me out and make $3500 cash for co signing for me please email me at ubc105@aol.com

Can you still owe money after your mobile home is repossessed?

Yes.

The home was repossessed because you failed to make payments you contracted to make.

Even though you no longer possess the home, the contract is still in force and must be satisfied unless the lender forgives it,

What if you bought a car from a dealer without knowing that a recall bulletin had been issued for the car?

Correcting problems cited in recall bulletins is the responsibiliy of the car manufacturer, hence, of the manufacturer's dealers. While you probably may not return the car, you may take it back and request or demand that the appropriate repairs and modifications be done at no charge to yourself.

Can your car get reposessed for not having insurance?

Not usually. Most companies will add coverage for the insurance which is usually higher than you will pay at most companies. This is called forced place insurance.

Can they repo your car if its in your fenced backyard?

depending on your state laws but in Tennessee the law states that if there is an obstruction that either has to be moved i.e. another vehicle or in your case a fence to open, then that property can not be moved without the owners express permission

Can you file for bankruptcy if you co-signed for a car?

Practically anyone can file for bankruptcy who is in debt. What is the real question attempting to be asked here? Please understand that in most jurisdictions liability for a joint (co-signed) obligation would be enforceable "jointly and severably," meaning that all as well as each party signing is liable for payment of the debt up to its full amount. If "you" was unable or did not pay, then "you"r portion of the unpaid debt could be demanded and collected from the other cosigner or cosigners. Such are the obligations and conditions one accepts when co-signing on a loan/mortgage. So, other than fear of anger and possible retribution by other signers, there is nothing to prevent any cosigner from taking voluntary bankruptcy if possible; however, such a filing would not likely go uncontested; and could well go ungranted (or even lead to a criminal charge) if there was any semblance of collusion.

Otherwise, another impeding factor would be the high likelihood of being sued (or joined adversely in the bankrupcty acton) by co-signers. In the very likely event that a judgment in such a suit was granted in plaintiff's favor, the bankrupt individual could not longer hope to "recover" by emerging from bankruptcy after the statutory period . . . because judgment debts (payments ordered as a result of civil trial) can be made perpetual and enforced for life against the defendant and his/her estate . . . even against heirs.

So can "you" file? Yes. Can you win or evade by filing? Not likely.

What is Maine state law on repossession of a vehicle?

Must provide debtor with a 14 day notice to cure. Allowing debtor to pay all back money owed. Repo must be peaceful aka no enrty to a home no public disturbance ect. Creditor must hold vehicle 14 days after repo to give debtor opportunity to pay missed payments and fees associated with the repo. Creditor must provide debtor with notice of intent to sell vehicle. Any proceeds of sale go to pay the balance of the loan. Licsense plates and personal property remain with debtor

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