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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 your car be repossessed if it is almost paid off?

Yes, when they auction it you will get back money if there is any left after the banks recovery expenses and the money you owe them. That is assuming the car is worth more than what you owe.

Does your car insurance card stay with the car or with the car's owner?

car's owner (you paid for it) I believe it must be with the car. If you lend the car out how is the driver to prove insurance?

How do repossession agents work?

First, repossesstion agents must be licensed and have a search warrant for whatever they want to repossess, but they are not police officers. If someone does not pay bills/taxes on any private property, they simply follow these steps:

1. let the owners know who they are and what they're doing and why

2. repossess what they were there to get

3. file a notice to the local/state police

Can you put a stop payment on a check to a payday loan store?

It's not illegal to do a stop payment, or the banks wouldn't let you do it, but you would still owe the payday loan store. It may still be illegal in your state or jurisdiction however, because you wrote a check and received money for it. Check your state laws with an attorney to find out for sure. If you stopped the check, I would recommend contacting the loan store to make arrangements. If it was an internet payday lender, and you didn't physically write them a check, it's not the same thing. You could tell the bank to stop the debit, but it won't keep the payday lender from continuing to try and get the money out of your account. They will just put it through for a slightly different amount, as stop-payments are amount specific.

What does gap cover?

GAP insurance will pay the difference between what your car is worth and what is owed on the loan.

How do you put a car battery in your car?

Disconnect negative cable first from old battery and connect it last when installing new battery.

How can you get your car payments reduced?

Call your financial institution you have the loan with and see if they will allow you to refinance your loan. Depending on your history with on time payments and credit score will help determine your rate change if any.

What happens when your car is repossessed and they damage your car?

then you go and kick that person and repposses that car.... They call cops and you ignore those guys....

How does recovery agents find you?

i was a repo man for awhile if have anything ran in your name for credit and you give your address . if you put any bills in your name like water are light bill if they know were you live and other people are at your house they will drive by and pull there lic. pl # off there car and go look at that house too.

Can a cosigner of a mortgage who is not on the deed legally become the primary owner without notifying the primary owner?

The only way to become the owner of real property is by deed or by inheritance. A person cannot make themselves the owner. They must acquire ownership via a deed from the legal owner.

If you co-signed a mortgage for land you do not own then you are simply a volunteer who agreed to pay the mortgage on land you do not own. That doesn't give you any ownership interest in the property.

If you are a co-owner of the property who also co-signed a mortgage, you cannot make yourself the "primary" owner of the property. You would need a deed from the other co-owner.

Does a finder's fee require a contract?

Any time you want to be able to enforce an agreement it must be in writing.

Can you sue banks?

Yes. If the bank does something that is not correct you can always sue the bank. For ex: if a bank charges you a fee for not maintaining your minimum balance even though you have sufficient balance in your account, you can raise a complaint with the bank to reverse the fee. If they fail to do so, you can sue them legally because what they did was wrong and you had enough balance in your account and they should have never charged you that fee.

Can you go to jail for not paying for a rental car?

I'm positive that not paying for something counts as stealing, and could get you in jail.

Are cars with a salvaged title unsafe?

The salvage title is used to title a vehicle that has been paid out by an insurance company. This may be because professional repairs exceed 75% of the value of the car or may be because the car was stolen and not returned within the time required by law such that the insurance company must pay out the total value. Depending on the age of the car a salvaged car may have had no damage, very minor cosmetic damage, or major damage. A vehicle that is considered not repairable is instead titled as "junked".

What size of truck needed to haul 26000 pounds?

26000 lbs of cargo? A tandem straight truck, such as a flatbed or a dump, could haul that amount of weight legally.

Where are there repossessed cars for sale?

On-line Automobile Authorities Auctions

1. Research. Do your homework within the vehicle which you would like to bid on.

2. Have your finances in purchase. Use this info to establish a shelling out limit.

3. Set your price and stick to it.

Discovering a automobile or truck on the world wide web might be daunting really should you be not certain wherever to start.

A number of straightforward steps will support you've got success. With the proper prep, even a novice can location a bid like a pro.

On the net sales including federal government vehicle auctions may be enjoyable and fix your vehicle needs inside the event you follow the correct actions.

You do not need to be overwhelmed or intimidated by on the web car authorities or police auctions.

Utilizing a tiny time and effort in your component, you possibly can have an pleasurable and gratifying expertise and remedy your vehicle desires.

Can the IRS take your back pay winnings after you win your SSDI hearing?

Quite simply, yes. The IRS can take nearly any income or assets from you when you owe money. A tax attorney can sometimes get limits placed on them.