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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

In Ca what are possible penalties for driving a friends RV with expired tags not renewable because owner defaulted on loan and repo attempts have failed and owner is involved in lawsuit with bank?

Not sure about fines, there may be some which an operator must pay for driving a vehicle without current registration. Biggest concern I'd have is that the RV would be impounded on the spot with all personal possessions on board. Getting even clothing back might take a lawyer, and the driver/passengers would have to find other transportation immediately.

Might be cheaper in the long run to just rent one that is legal.

If for you borrow 3000.00 for a down payment from a family member and you fall behind in repayment can they force you out of your home if you still owe 600000 to another lender?

Generally:

If you signed a promissory note the family member can sue you and obtain a judgment lien. Once recorded you cannot sell or mortgage the property until the lien is paid.

Your family member cannot take your home unless they recorded a mortgage in the land records that reserved the right to foreclose. If they foreclose, they would take the property subject to the mortgage and would need to make the mortgage payments.

When you file bankruptcy when do they repossess my car?

When you first meet with your attorney, and fill out the initial paperwork, normally all credit collection is to stop including car repossession ( if you have included your car's creditor on your list). You may also be allowed to keep your car anyway, depending on its value. Even then, if it exceeds the allowable dollar amount usually the court will allow you to do a negotiated payment of the amount of excess.

Advice - When your final hearing come up , MAKE SURE that you have all the proper documents requested by the court WITH YOU! Often, at the last minute your law firm will substitute attorneys and he or she might be clueless and/or, unprepared. This happened to me and being completely prepared saved my butt!!!

Can your car be repoed while parked in your garage?

Well yes, But if you lock your garage then the repo officer will have to come to your door in order to get the car.

In California does a finance company have the right to repo a car from a police impound when payments are not behind?

No, They would have to be behind on the car payment

The above is not always the case. It can depend on what the car was impounded for. If it was impounded for something like drugs where asset forfeiture comes into play then yes the finance company can take the car regardless of payment status. The reason for this is because there are times when the authorities will tell the finance company that if the vehicle is returned to the registered owner the finance company will lose their rights to it as well. The finance company does not have to hand their collateral back to you if it means loss of collateral, it is their car after all.

Can a primary signer of a car loan voluntarly repo a car without the cosigners permission?

More than likely, however you will still end up owing a balance on the car and the primary signer and co signer will still be responsible for the balance.

Does a buy here pay here include vehicle registration?

Not usually, depends on the agreed terms. more often than not the buyer is responsible for registration of vehicle.

State statue can you move another car during a repossesion?

NO the repo person can not. Who ever owns it can or if they give someone else permission to move it.

Can a landlord take possession of customers vehicles?

I think not because they will need to go to work and so... Maybe if the person didn't pay rent for like 3 months + and so you can but if the person didn't pay rent for like 1-2 months I would say no, so it all depends.

Can you get your belongings out of your car after it has been repossessed?

Yes, you are entitled to get your belongings out of the vehicle, but you will need to check within your state's laws to see if a company can charge you for retrieving your items.

If your car has been repossessed do you have to keep car insurance on it?

no, but it is recommended. the repo co has insurance and is bonded for this type of situation. you will have to provide proof of repo to your insurance co.

Is there a reward to tell where a repo car is at?

Generally no, though the company may give you one. They are not obliged to.

Perhaps see related links....You can get a reward.

What if you steal your own car back?

Let it go.

I know the legal theory. I also know that it would take an attorney so expensive for you to pull that off that you might just as well not hire him - and buy a $10,000 to $15,000 replacement car with the money saved.

You agreed to pay the car people, and you didn't. It may not have been your fault, but it sure as heck wasn't their fault. They have it back now, which was their right.

It's over. Just let it go.

Colorado garnish law for disability check?

Disability benefits are not subject to creditor garnishment. This law does not apply to child support or tax arrearages. Garnishment action for spousal maintenance depends upon the terms of the divorce decree.

How do you receive amount balance on a garnishment?

Contact the collection agency that is doing the garnishment, .I would also ask them to email you all the documents as we'll. Keep for your records.

What do you do to get your car back after repo?

You will need to work with the financial institution to work out a settlement where you retain the vehicle and become current on your payments. Each loan institution is going to be different but the only way is calling until you get to the correct employee.

Can TitleMax garnish your wages?

Titlemax is not in the business of making anything harder for the customer than it has to be. I do work for Titlemax but I will not disclose the recourse of not paying your titlepawn off. The only thing I will say is you need to contact the office where you have your title pawned and work something out with the store manager. Sometimes people are to afraid to face things but in this business, we will work with those who work with us.

Car with a co-signer being the the primary owner how can you get there name of and just have your name on the car?

If their name is on the Certificate of Title they would need to sign over the title to you. You would need to submit the Title to your state Department of Motor Vehicles so that it can issue a new Certificate of Title in your name as sole owner.

Can you finance a car but not be the insurance holder?

In terms of the lender, probably not.

If the car is financed, the buyer/owner has the contract with the creditor. The creditor requires collision and comprehensive coverage for THEIR vehicle which they finance. They do NOT have any relationship with any other person but the person named on the vehicle loan.

An insurance policy is only issued when the 'policyholder' has a financial interest in the item for which they are requesting insurance. If you apply for an auto policy to cover the newly purchased vehicle, the insurance carrier will likely deny coverage.

If you do not own the car, chances are you do not garage the car at your address of record. This is sometimes acceptable, such as when a child goes off to college, with an insured auto. However, if you simply lend your vehicle to 'John Smith' with no specified ending time/date, this is more than occasional use and the carrier would likely deny any claim arising out of an accident John Smith may have.

Additionally, the terms of an insurance policy are accepted by the buyer of the insurance, by signing and dating the policy application and likely another document upon issuance of a policy. If you have no financial interest in the insured item (a car in this case) you have no insurable interest.

Car was crashed and brought to you to repair owners pocketed Ins check no response FM them for 7 months how can you own this car?

Depending on what state you are in you can file for title based on abandoned vehicle laws,but in West Virginia you can only re-title if your a state trooper or a auto repair business owner

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