Repossession

The car can not be under another's name legally. Cars with a loan must be in that person's name. If you bought a car that was not paid off and the loan was not cleared you bought the car and the loan. Yes, they can get the car. That is why they put liens in the car. It prevents anyone from buying the car!

iIf you want to be a licensed repo business to deal with finance companies such as banks or credit agencies you will have to contact the Pennsylvania dept of banking they issue the license and have the requirements on the application and undergo a criminal background investigation also you will also have to check with the PA Dept of motor vehicles for tow truck plates and meet the requirements. If you want to do repos for a buy here pay here and they have an installment license you are not required to have a repo license. i would recommend that you carry general liability insurance of at least for $1,000,000.00 general and E&O per occurrence you can lower the coverage i would not go under $300,000 general

It is a vehicle that doesn't actually exist, but is insured under a fake title so that it can later be reported stolen. This is done in a type of insurance scam called a false vehicle scheme.

You have 5 days(week) to transfer to the dmv.

A person who has the authority to restore a lost key. Some companies choose to require two people (agents) to be present to restore a key.

Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction.

Most places that give services to cars such as parking lots or car wash have a written statement that they are not responsible for damages or theft while using their facilities. The responsability might fall upon the owner but it is not wrong to consult a lawyer.

Everybody does, but it could be a fire hazzard.

Sure you can. Just make sure they have your new address just like everyone else does when you move.

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the bank will send you a lette ror something.

on the episode of operation repo when froy went to repo a motorcycle with lyndah the bikers beat him up because they did not want him messing with the bike.

wow..really

Yes! a repo agent can legally repossess collateral anywhere, as long as he doesn't breach the peace or break and enter into a locked garage or gate

In brief, if they can get to it, yes they can.

Do a walkthrough of all the places you've been to a day before you lost it. Go to all these places and see if you can find it.

Yes it's a courtesy VLT...at least in California

If your house is repossessed and is sold for more than you owe, you are supposed to get the extra, less the costs of the sale and perhaps also costs that the back incurred.

yes you can!!!

Yes, you can. Stealing is the taking of something without permission. It does not matter what relationship you have - only that it was taken without permission.

the mortgage on the house.

They have probably come across that concept before, and the problem is that "any" payment that does not fully cover what is owed doesn't count. Check out the agreement you signed when you bought the car. If you cannot come up with the full amount to save the car, then save your money and let them repossess it.

You can have someone take over the payments if they meet the credit requirements of the bank you have the financing with. You might also be able to get someone that wants your car to get their own financing to pay off your car.

Certainly, liability insurance has nothing to do with who owns the vehicle. It deals with protecting the owner of the vehicle if sued as a result of an accident. Collision and theft protect the owner of the vehicle from loss.

Pay off the lien is the simplest way. That can be done by selling the vehicle. Hopefully it is worth more than the loan amount, so the estate will have additional assets.