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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

Is repo men real?

NO! The TV show Operation Repo and all other Repo shows are fake. They have online postings for "characters" and pay a per day fee plus any other expenses. It's mostly actors who apply for these character openings. The show is completely fake and scripted. They tell the actors to act natural and shoot.

Also not to burst any bubbles but the TV show "Cheaters" is even more fake. They make no pretending about that. There are various actors who have been on the show that post about their experience. "But the host gets stabbed! You see it in the opening credits!" that's what every dunkin donut eating middle American moron says. Hate to break it to you... Santa is fake, Repo men is too.

Can a repo man refuse to give you your personal items out of a reposed car?

i dont know but i do believe they usually let you take out your items

What are attached homes?

Attached homes, commonly called town houses, can be owned by their occupants rather than rented. They are similar in construction to some apartment rental complexes, but town houses are separated from adjoining units by a ground-to-roof wall.

What type of permit will you need to start your massage business?

You may need to be licensed as a physical therapist if you are using it for holistic (alternative) treatment, or attend state run classes to obtain a permit. Of course you will also need a permit for your business (practice?) itself.

It varies from state to state, and of course, country to country.

Can your car be reposessed if you move to another state?

Yes, your car can be repossessed. I ship cars for a company that repossesses cars out of state all the time.

When primary borrower files bankrupt how is cosigner affected?

The lender can go after the co-signer. If you are the co-signer you should consult with an attorney who can review the situation and explain your position.

Does a lender need to notify you before they sell your car they repossessed?

Yes, they also have to send you official letter from auction at the price they sold it to deduct from the amount you own to the bank.

What if a lender repos your car and sells its for more than the balance due on loan?

You may only owe one payment, and if it's late, they can legally reposess your car. I would expect they would give you ample opportunity to catch up on your payment first. Once your car is repoed, they sell it, generally at auction. The money they make is theirs. You could check your own state laws, but generally there is nothing at all that precludes them from selling the car for more than you owe. On the opposite side of the coin, most repos end up getting sold for less than the debtor owed. Then, they come after you for the balance.

How can you tell if a g-shock is real or fake?

If it doesnt have Casio written at the top of the watch face, or if the the back doesnt have the G-Shock logo then its fake.

Also, if it has "Sport" or "Aquastar" written at the top then its fake

What should every passenger do in a car?

fasten his or her seatbelt, make sure they are covered by third party insurance in case of a accident and most importantly make sure driver is licensed and sober :)

Is it legal for Bank of America to demand the entire balance of a car loan be paid if the borrower is three payments late?

Yes, its known as an acceleration clause. It was in your contract. That enables the lender to begin the process of repossession.

Can reposession agent go in home owners fence to recover vehicle?

Yes, as long as there is no breach of peace. The repossession agent cannot break a lock or damage property. They can only recover the vehicle which is behind a fence only if it is accessible.

Can a car be reposessed if your loan is not in default?

Your contract may outline certain conditions that could still result in reposession, even if you're not late on your payments. For instance, the bank may require insurance coverage be maintained on the vehicle. Failure to do so could result in reposession. Read the fine print of your contract. If you can't find anything that helps you, contact a consumer rights attorney or bankruptcy attorney for a consult. They will most likely tell you the basics of what you need to know in your state for free.

How long after repossession does the finance company have to garnish your wages?

They aint going to....They try to scare you with that, as long as they have there property there good!!

Can car dealerships garnish your wages?

If they are the originator of the loan, and you are in arrears, yes, they can.

Can they garnish your wages for a repo in nc?

No you can only garnish wages for Taxes, student Loans, Child and spouse support, and payment of ambulance services in some cases.

or If the federal or state courts make the employer garnish wage.

Bank loans for Vehicle, house, or credit cards are usually not permisable for garnishing wages in NC.

Hope this helps.

How legal are the gps kill switch tracker boxes that the small car lots put on the cars they sell in the states of ga and fl?

When you buy a car from a dealer, the car comes as is meaning that you are taking a vehicle in the condition as shown. Some cars come with added features and some cars come with removed features. As long as the car is in a tangible and working condition with good faith that the vehicle will remain in such condition as long as proper maintenance is applied then how ever you receive the vehicle is legal. GPS kill switches are tools that are used for the second, but most powerful owners of the vehicle ( often referred to as the lien holder) to protect their investment ( which is the balance of the loan on the vehicle). Just as well as it is legal to receive a set of rims, a DVD player or a new paint job on you vehicle that you are purchasing, it is also legal to receive a kill-switch. Also, the kill-switch is only a bad thing for people that don't pay their payments on time or fail to keep insurance.

Can you tow a car with another car on Sunday?

Tow car companies are not available on Sundays since Sunday is a rest day for everybody. Unless you will pay extra fee for the towing fee and they will come to you in no time.

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