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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
Can you still owe money after your car is repossessed because of the recall?
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
The FSA has warned of the risks associated with increasing retail access to the bond markets.
In a speech about the regulatory challenges and developments in the bond markets at the Euromoney bond investors congress in London, FSA managing director of risk Sally Dewar commented on the launch of the London Stock Exchange's new electronic order book trading platform for corporate and UK government bonds in response to investor demand.
She said: "While we see this as a positive development, with the potential to bring benefits to both firms and consumers, there are also risks associated with increasing retail access. For example, authorised firms will need to fully explain to their retail clients the potential risks associated with buying corporate bonds."
So what are the risks?
- Default Risk. The risk of the bond's issuer not meeting the schedule of cash flows on a full and timely basis.
- Credit Spread Risk. The risk that the credit spread of a bond (extra yield to compensate investors for taking default risk), which is inherent in the fixed coupon, becomes insufficient compensation for default risk that has later deteriorated. As the coupon is fixed the only way the credit spread can readjust to new circumstances is by the market price of the bond falling and the yield rising to such a level that an appropriate credit spread is offered.
- Interest Rate Risk. The level of Yields generally in a bond market, as expressed by Government Bond Yields, may change and thus bring about changes in the market value of Fixed-Coupon bonds so that their Yield to Maturity adjusts to newly appropriate levels.
- Liquidity Risk. There may not be a continuous secondary market for a bond, thus leaving an investor with difficulty in selling at, or even near to, a fair price.
- Supply Risk. Heavy issuance of new bonds similar to the one held may depress their prices.
- Inflation Risk. Inflation reduces the real value of future fixed cash flows. An anticipation of inflation, or higher inflation, may depress prices immediately.
- Tax Change Risk. Unanticipated changes in taxation may adversely impact the value of a bond to investors and consequently its immediate market value.
http://www.davidandgoliathworld.com/2010/02/what-are-the-risks-in-bonds/
Is it illegal to sell a car when your still making payments on finance?
No its perfectly legal and if you are still making payments on it, that increases values.
What can you do if you can't pay car payment due to incarceration?
Alot of car/loan companies will work with you if you can show them proof you were incarcerated.
What is special forms for making payments when you are away from home?
A Traveler's check can be used to make payments while away from home.
What happens when you cosign on a house?
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.
What are your options if your car is a total loss and you have a loan on it?
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?
How much lot rent for a mobile home in CA?
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.
My car needs a new engine and i still owe on my loan what are my options?
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.
In most areas yes, it is called collateral.
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.
Can car be repossessed on locked property?
It can if the lender gets a writ of replevin, the deputy can take it.
If debt is written off do you still have to pay 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.
What do you do if the dealer took my car back for no reason and wont ive me back my Dow paymenT?
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.
Can a trailer be taken that is attached to a truck being repossessed?
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.
Is damaging someone's property wrong?
Yes and it illegal. You can serve time or pay a fine depending on what and how much you destroy.
If you can't afford the balloon payment but want to keep your home?
First apply for a refinance and, if that doesn't work, call your current loan servicer and ask them to either "rewrite" your loan or modify it.
How much does a registration cost?
Depends on where you live. Call or visit your local department of motor vehicles or visit their website for a list of fees.
How do you put out a car fire?
Typically with really big fire extinguisher. If the car is fully engulfed, only the fire department will have the resources to extinguish the fire. If it is in the engine compartment, and has only begun to smolder or is quite small, sometimes slamming the hood will blow the fire out. Do not waste much time doing this though, with inside hood releases, this can be dangerous.
the answer would be 20%,you would divide 1840 by 9200
What five traffic offenses can you arrest for on private property?
There are actually 6.
1. O.C.G.A. 40-6-270 Leaving the scene of an accident/Hit and run
2. O.C.G.A. 40-6-271 Failure to notify owner upon striking unattended vehicle
3. O.C.G.A. 40-6-272 Failure to notify owner upon striking a fixed object
4. O.C.G.A. 40-6-391 Driving under the influence
5. O.C.G.A. 40-6-390 Reckless driving
6. O.C.G.A. 40-6-393 Homicide by vehicle
