Repossession

Yes. Prior liens must be paid off before you take title to the vehicle.

Go to your states court website and do a public records check, in order for someone to put a lien on your accounts they must have first been awarded a money judgment against you and once it is obtain they can enforce it.

The most important signature on a promissory note is the borrower. Many are also signed by the lender.

Wages garnishments are obtained by an order of the court after other means of collecting upon a judgment have failed. The limit of how much can be taken in a wage garnishment depends on your state, and you should receive a copy of the Motion for Wage Garnishment that typically lists the percentage of your wages they are seeking to take.

For example, in Florida requires creditors to serve a notice of rights to the defendant upon receipt of the employees answer with a form for the defendant to fill out to claim exemptions prior to anything being touched. If you update your question with your state I can provide you with the rules.

no it dose not

What will happen depends on the decision of the bankruptcy judge. If you are making the payments but the loan is in someone else's name, you do not have a legal leg to stand on. Still, the bankruptcy law in the United States, recognizes the need for an automobile. So, that person may keep the car.

If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.

Dell preferred credit

From what I know, when you co-sign on a house or anything for the matter, you are holding not in a sense owning it, but you are holding liability for it. For example, if the owner of the house does not have a good credit score, they need someone who does so that they can get a loan and that person is called a co-signer.

Very simply - a co-signer of a loan is responsible for absolutely everything as the "other" signer) who may be called primary signer). No difference.

EXCEPT that the cosigner frequently does NOT have possession or legal control of any property involved in the loan, so using it (say selling it) to pay for the loan can be much more difficult, if not impossible.

So whatever the responsibility, or recourse, (legal or financial) is for whatever action or lack of action required under the loan (and frequently under law too as many times you are considered the owner of any property connected with the loan), you are subject to also.

YOU PAY DIF BETWEEN 'BOOK VALUE'-usually Trade In Value/Wholesale-AND WHAT YOU OWE...did you think you'd 'slide' on rest? didn't know 'rest' existed?

Impossible to say . -In my area of British Columbia lot rent varies from 300 to over 700 for little apparent difference in lot or park. I've heard it's the same everywhere.

No its perfectly legal and if you are still making payments on it, that increases values.

Alot of car/loan companies will work with you if you can show them proof you were incarcerated.

A Traveler's check can be used to make payments while away from home.

vandal

In most areas yes, it is called collateral.

Sounds like you got yourself stuck between a rock and a hard place pal. Way I see it, you've got two options.

A. Pay to get the engine fixed and keep the car or trade it in, it'll most likely pay off in the end.

B. Take the car back to the dealer and trade it in for new one, perhaps they'll work with you given the car is in decent enough condition.

It can if the lender gets a writ of replevin, the deputy can take it.

Yes, you still owe the money regardless of the creditor writing off the debt.

The reason why a business would do this is to balance their accounting books. This is mostly because unpaid, or aging, account receivables is considered an "current asset" and under Generally Accepted Accounting Principles you can not keep it as such after a period of time, especially after a year.

It also a very common practice in businesses at the end of a tax year to do the bulk of the write offs, to reduce their taxable amount. Since the money you owed was not paid, so they should not have to pay taxes on the hope of one day getting paid.

They can only take whatever it is they have an order of repossession for - if the trailer is not included in their order of repossession, they cannot take it.

Yes and it illegal. You can serve time or pay a fine depending on what and how much you destroy.

A dealer cannot just "take your car back" which is quite simply, "REPOSSESSING THE VEHICLE" for no reason. There would have to be some kind of violation of the terms of sale/payment for them to repossess it, & they would still have to file some kind of legal action or go to a COURT and obtain approval and paperwork authorizing them to repossess the vehicle.

If this had been the case, you would have been served notice that you had to appear in court to admit/dispute the dealer's claim, and would have been given the opportunity at that time to work out an agreement with the dealer over the dispute, & the court would have sanctioned either the agreement between you & the dealer, or ruled in favor of you or the dealer. Any way that the court ruled would have been entered as a court ordered judgment and entered in the court records and both parties to that action would have been given a written copy of the ruling.

If none of this occurred, and the dealer cannot show written proof that he obtained the legal right to repossess your car, quite simply, the dealer has STOLEN your car. If that is the case, call your local Police Department and file a stolen car report, and give them all the information as to where the vehicle was taken from and if you have spoken to the dealer and know for a fact that they have the car (as in they admitted to you that they took the car) and the car's location.