Repossession

reconstruction and development

Pretty much whatever the agency that repossessed your car says you have to.

Minimally, you can expect to have to bring any missed payments current, and to pay the actual expenses the loan agency incurred in having your car repossessed. This will include the fees charged by the repo agency, storage fees, and so forth.

If there's a particular fee you don't think you should have to pay, you can try asking about it specifically, but in general the lender has the right to pass along "reasonable and customary" (this means "not out of line with industry standards", not necessarily what you personally might consider "reasonable") charges to you.

when repo man repossess the car and was in an accident before you can get it back, what happens

If the finance company has sold it, you have you answer. How can you be so stupid?

layaway

conduct service events/activities regularly.

Do the customer retention activities.

Do the survey for dissatisfied customers/bring back those customers

No, a repo man can enter your driveway but if the car is in a locked garage they do not have the right to enter without your permission. This rule applies to your home as well.

The answer to this is complex and heavily dependant on location and situation. Generally anywhere from 3 days to several years.

Once a home is foreclosed the new owner must either negotiate for the occupants to vacate or must initiate eviction. Occupants who were renters may have different rights than prior owners (some states require a landlord to honor the remaining terms of an existing lease agreement).

Many occupants negotiate a cash-for-keys deal where they accept a set amount of cash (often equal to 2-3 months rent for the area) in exchange for vacating the property by a certain date with the property left in good condition.

If the occupants do not negotiate or otherwise come to an agreement, the new owner may file a Notice to Quit that gives the occupants a set time to vacate (3 days, 30 days etc.). If the property is not vacated they can file an Unlawful Detainer suit which can cause the tenants to be liable for costs, fees and rents. This would ultimately result in a forced eviction by law enforcement.

Eviction is an expensive and time consuming process, and most owners are anxious to avoid it. The cash-for-keys deal is often very beneficial for both parties.

The collection agency cannot reposses the vehicle unless they are the lien holder. If they are, they do not need an order of replevin to seize the vehicle unless they live in one of the few states that require such.

If the collector does not hold the lien on the vehicle they will be required to file suit against the debtor, receive a judgment and execute said judgment as a forced sale or a lien of/on the judgment debtor's vehicle.

good luck hiding a vechile from the repo-man! they cantrack down a vehicle by using the vin number and plates. after they get a hold of the vehicle, you'll either go to jail or have to pay a really big fine

Yes. Employment income from federal wages can be garnished for taxes, fines, or judgments if lawfully executed.

If you have not fully paid for the car, it is not yours. The loan papers allow you to use the car until it is paid for; without the agreement you have nothing.

You can,But whether they/he/she will be willing to buy it back depends on a number of variables;

If the model car you purchased is selling good then the buyer(original seller) will have a higher likelihood of re-purchasing the car from you.

Further accentuating the thought of the re-purchasing the car from you would be the condition of the car when you return with it to to him/her.

Lastly,and the most crucial part,is whether or not you are "higher-purchasing" the car,if you are it is illegal in some places to sell it until the final payment on the car is made.

If you want to be charged with making a false report on top of losing your car. If it has been repossessed legally, you have no real claim on it and aren't supposed to find it. Pay what is owed on it and whoever has it must produce the car.

Someone gets a notice before action is taken.

It is against the law to hide your car from repossession in every state. It is called fraud, interfering with repossession, auto theft in some states. In Indiana it is routinely dealt with by replevin, an order from the court to surrender the property or go to jail and surrender the property.

Be certain that is what happened. If you did nothing to initiate the assault, file a complaint. If you did something to initiate the repossession agent's defense of himself, turn yourself in.

The repossession industry employs a group of people known only as skip tracers. Most people have no idea what a skip tracer does. Most skip tracers will not tell you what it is they do other than the the effect they find things. Skip tracers are typically highly skilled people who do just that, find things.

Having worked in the industry as a skip tracer, I can state that I have found vehicles that have been out for repossession for as little as 24 hours and as long as seven years. I literally found one vehicle that was being hidden in the barn of the debtor's wife's brother's wife's parent's barn, and had been there just shy of seven years. The repossession company picked it up seven years to the day of the notice of repossession.

People can run. People can hide. But, nothing lasts forever. Everyone leaves a trail. Those who issue challenges to those who have nothing more to do in their jobs but to devote time to finding them or their property or assets have entered a fool's game.

Yes, and quite often they are. It is not uncommon for vehicles to be repossessed while the family who owes on them are on vacation. I've sent agents after vehicles in Arizona and Florida for cars that were registered in Michigan, Indiana, or Ohio.

In multiple years working in the industry, there has never been a never. The repossession company will eventually find your car, even if you chop it up and sell it for parts. I done found them this way myself.

Then the car will be repossessed from where ever your friend leaves it, OR depending on the state, your friend may be arrested for aiding and abetting, or receiving stolen property.

Yes. If the property is found it can be retreived.

It depends on the lender. Prime lenders like Cap One may come after you vehicle after the first payment is missed. Chase might take two weeks from the missed payment. Other lenders may wait 30, 60, 90, or even 120 days before issuing a notice of repossession.

The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.