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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
Where are the best repo car auctions?
On-line Repo Car Auctions
1. Research. Do your homework within the auto 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 cost and stick to it.
Discovering a car or truck on the internet may perhaps be daunting should you be not certain wherever to begin.
A number of uncomplicated actions will support you've got success. With the correct prep, even a novice can location a bid like a pro.
On the net sales including federal government car auctions may possibly be enjoyable and fix your automobile needs in the event you follow the correct actions.
You don't have to be overwhelmed or intimidated by on-line repo car government or police auctions.
Utilizing a tiny time and effort in your component, you possibly can have an pleasurable and gratifying expertise and remedy your automobile desires.
Can you sell your car after the car has been repossessed?
No. A car is repossessed because you failed to finish paying for it. Since you never fully paid for it, it's not yours.
No. You do not own the car once it has been repossessed. To sell the car you would need the title, which is in the hands of the finance company.
After a repossession, usually 30 days later the finance company places the car in an auto auction. There it is sold to the highest bidder. In the rare case that the net proceeds from the sale exceed what you owe for the car (plus interest, penalties, repo fee, etc.) the finance company has to send you a check.
If you can redeem the car by paying the full past due amount plus interest before they place it in the auction sale, then you can sell the car.
It depends, it all depends who the vehicle is titled too. Registration is just with the state for a tag. The title is the actual ownership.
How do you get your tag back after a car repossesion?
Contact your lender and they can tell you what company has possession of your car. If you contact the repo company, they will let you make an appointment to come in and get any items that had been in the car, as well as the tag. There is generally an inventory fee for this, around $25-50. They may also require you to give them the key to the car. Good luck.
The lessor is considered to be the lien holder because he is the one who has the claim to any rental benefits. He is supposed to collect rental income from the lease.
How long can a car be abandoned before being towed in California?
When the police find it they will leave a 72 hour citation before they have it towed.
Is it illegal to stop payment on a check in the state of Michigan?
It Depends:
1. Yes it is Illegal if - you owe someone money and used the check to pay them for that. If you issue a stop payment the check will not be paid and the person to whom you issued this check can legally sue you for that
2. No it is not Illegal if - you have lost the check and want to ensure that whoever finds it cannot cash it without your approval
How do you make a copy of your car key?
Go to Ace Hardware with the Key and they will do it for you. Or you can go to the dealership where you bought the car
Can you open cable service in someone elses name without their knowledge?
Not legally. This would generally be classified as identity theft.
Your contract is with you and the car dealership. If you break your contract with them, why wouldn't they? They are trusting you to keep your word. If you choose to screw them by not paying it, you should pay the price.
Until the note is paid in full, the repo option is always on the table if you show yourself to be a bad risk in danger of default. If you tell them you will default ahead of the time when that will happen, they have the right to repo your car on a pre-emptive basis.
Remember, they are at risk from you. They will not repo their car from you unless you prove to be not worth their trust, as evidenced by not keeping your word by withholding their money from them.
Is it best to return a car before they reposse?
It is likely that you will avoid many fees by returning the car yourself.
What happens if you are getting towed and you come back to your car half way through?
Usually you still get towed. The tow company will still need to be paid regardless.
3 months before they can sell it but go through not to sure
What are the California laws that vehicle repossessors must abide by?
repo men/women are only regulated by the contracts that they were hired buy, if you miss payments then dont expect to keep your things
How many garnishments can be taken from your wages?
Garnishments must run consecutively. This means that only one creditor garnishment can be active at the given time. The maximum amount of garnishment is 25% of disposable income that amounts to more then $290 (weekly based). Under federal guidelines the first $217.60 (weekly based) disposable income is exempt from garnishment action. If the state of residency's garnishment laws are less than the federal amount that percentage is used instead.
Please note, child support, tax arrearage and bankruptcy court ordered garnishments can be implemented at the same time a creditor garnishment is in force. Likewise, in some U.S. states spousal maintenance can also be active as a garnishment in conjuction with the aforementioned debts.
The best option for anyone facing possible garnishment action is to consult with a qualified attorney or legal organization. Most attorneys offer free consultations and there are also many who will charge only a minimal fee for a 15-30 minute consult.
Is a buy here pay here on your credit?
Rent to own auto dealers specialize in selling used cars to individuals with poor credit.So yes, it's on your credit.
Can a vehicle be repossessed if it is blocked in the driveway by another vehicle?
If you have not paid your loan, your vehicle is repossessed. If your vehicle is parked illegally, such as in front of a driveway or in a no parking zone, it is impounded. In both cases, a police report should have been turned in to the local police department. With an impounded vehicle you generally have a parking ticket, a towing fee, and a storage fee. All three must be paid before you get your vehicle back. Next time walk an extra block.
Can you put a stop payment on a check after it is cashed?
No. A stop payment can be issued only before the check payment is made by the bank. If you try a stop payment after the bank has paid for the check, the bank wont accept it because the stop payment instruction is useless now and cannot be executed.
Unless your rental agreement specifies liability belongs to the landlord, it would be very unusual for the landlord to have any liability.
Can a repo company break into your garage to repossess your vehicle in the middle of the night?
No.
The repossession agency/agent can obtain a replevin order to be served on the person to whom the vehicle is registered and if said person(s) do not comply they can be held in contempt of a court order.
Who wrote the book Getting Paid To Keep You In Debt?
Author JoAnn Pinkney Wilcox
JoAnn Pinkney Wilcox was born in New York city as JoAnn Pinkney in 1957.
JoAnn Pinkney Wilcox is the author of several books of which all are fiction except for her first book "Getting Paid To Keep You In Debt!"
She wrote the book "Getting Paid To Keep You In Debt!" because God Inspired her to do so.
Her job was to keep people in debt. She made a whole lot of money doing it. She worked for and with Banks, Utility Companies, Mortgage Companies, Credit Card Companies, Taxes, Credit Bureaus, Credit Repair Companies, Insurance, Laws, and a lot of other companies. She has first hand on the job experience on how companies do take money from you without your knowledge as well as put you at risk to be exposed to Identity Theft, and Fraud.
She takes you into their world.
During the Obama Presidential campaign, JoAnn Pinkney Wilcox had the honor of giving her book to 3 of his right hand people before he was elected as President. She did this in hopes that some of the things she exposed in her book would be corrected on behalf of the consumer. This may be a coincident, but some things that President Obama did activate on behalf of the consumer just might be due to what was exposed in her book "Getting Paid To Keep You In Debt!"
In order to cut down the cost to consumers, JoAnn Pinkney Wilcox elected to discontinue the availability to purchase this book on Amazon and Barnes and Noble....You can only buy this book at independent bookstores, at her book signing events, seminars, and on her website.
