answersLogoWhite

0

💰

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 i charge storage on a vehicle left on my property and also claim the vehicle abandoned?

You may be able to charge storage fees for a vehicle left on your property, but this largely depends on local laws and regulations regarding abandoned vehicles. Typically, you would need to follow specific legal procedures, which may include providing notice to the vehicle owner before considering it abandoned. It's important to check with local authorities to understand your rights and obligations in this situation. Additionally, ensure you have documentation of the vehicle's presence and any communications with the owner.

What is self-help repo in Texas?

In Texas, a self-help repo refers to the process by which a lender or repossession agent can reclaim a vehicle from a borrower without court intervention, provided it can be done without breaching the peace. This means that the repossession must occur without force, threats, or any disturbance to the public. Texas law requires that the lender notify the borrower after the repossession, and the borrower has the right to redeem the vehicle by paying off the debt. This process is often utilized when borrowers default on their auto loans.

If you owe money to a business and then the business is sold then who do you still owe that money to the original owner or the new owner?

If a business is sold, generally, any debts owed to the original owner transfer to the new owner as part of the sale agreement. You would still be responsible for repaying the debt, but now to the new owner. However, the specific terms can vary based on the sale agreement, so it’s advisable to review any documentation or consult with legal counsel for clarity.

Does private property restrict repossessions in Texas?

In Texas, private property rights are generally protected, and repossession of property typically requires adherence to specific legal procedures. While creditors can repossess property if a borrower defaults, they must do so without breaching the peace and often need to provide notice beforehand. Additionally, certain properties may have exemptions that protect them from repossession under state law. Overall, while repossession is allowed, it is subject to regulatory restrictions.

Can you take your car back after it gets repoed?

In most cases, you can reclaim your car after it has been repossessed, but it typically involves paying off the outstanding loan balance, any associated fees, and possibly additional costs related to the repossession. The process and timeline can vary by state and lender, so it's important to review your loan agreement and contact your lender promptly. If you can't afford to pay the full amount, some lenders may offer alternatives, such as a repayment plan. However, if the vehicle is sold at auction, your right to reclaim it may be lost.

Who is the buyer for Barneys?

As of my last update, Barneys New York was purchased by Authentic Brands Group (ABG) in 2020, which is a company that specializes in brand management and licensing. ABG acquired the Barneys brand and intellectual property after Barneys filed for bankruptcy. The retail space previously occupied by Barneys has been transformed into a multi-brand concept, often featuring a mix of luxury goods and collaborations. For the latest buyer or ownership details, it would be best to check current news sources.

Filing chapter 13 and voluntary repossession of automobile is the ending amount covered?

When you file for Chapter 13 bankruptcy, your debts, including any remaining balance on a vehicle after voluntary repossession, may be addressed through your repayment plan. However, the amount covered can vary based on your specific circumstances, such as the value of the vehicle, the amount owed, and your overall financial situation. It's crucial to consult with a bankruptcy attorney to understand how your vehicle and debts will be treated in your Chapter 13 plan. Ultimately, the goal is to restructure your debts in a manageable way rather than leaving you with an uncovered balance.

What is the 3 day Arizona law for returning a vehicle?

The three-day law in Arizona allows consumers a short period to return a vehicle after purchase, commonly referred to as a "cooling-off" period. However, this law does not universally apply to all vehicle purchases and is primarily relevant to certain types of transactions, such as those involving direct sales or specific dealer agreements. Buyers should check the terms of their purchase contract and consult with the dealer to understand their specific return policy. It's important to note that this law may not be the same as the federal three-day right of rescission, which typically applies to home equity loans and other credit agreements.

What are the motor vehicle repossession laws n Pennsylvania?

In Pennsylvania, motor vehicle repossession laws allow lenders to reclaim vehicles when borrowers default on their loan agreements. Lenders must provide proper notice to borrowers before repossession and cannot use self-help methods that involve breaching the peace. Once repossessed, borrowers have the right to retrieve their personal belongings from the vehicle. Additionally, the borrower may be responsible for any deficiency balance if the vehicle is sold for less than the amount owed on the loan.

What are some off your rights if the dealership is charging more than you owe them?

If a dealership is charging you more than you owe, you have the right to request a detailed breakdown of the charges to understand the discrepancies. You can also dispute the charges and seek clarification or correction. Additionally, you may contact the relevant consumer protection agency or seek legal advice if the issue is not resolved. Remember, it's important to document all communications with the dealership regarding the dispute.

What isProperty taken back for non payment of money due?

Property taken back for non-payment of money due is typically referred to as a "repossession." This occurs when a lender or creditor seizes property, such as a vehicle or real estate, because the borrower has failed to meet the payment obligations outlined in a loan or lease agreement. Repossessions are often carried out according to specific legal procedures to ensure compliance with local laws. Once repossessed, the property may be sold to recover the owed amount.

What is a person who is owed money?

A person who is owed money is referred to as a creditor. This individual or entity has provided a loan or extended credit to another party, known as the debtor, who is obligated to repay the borrowed amount. Creditors can include banks, financial institutions, or individuals who have lent money. They have the legal right to seek repayment according to the terms agreed upon.

What is a wall buyer?

A wall buyer is an investor or trader who purchases a significant amount of a stock or asset to create upward pressure on its price, often to attract other buyers or to create the illusion of strong demand. This strategy can be employed to manipulate market perception and stimulate trading activity. Wall buyers usually operate on the principle that their large purchases can influence the behavior of other market participants. However, such tactics can carry legal and ethical risks, especially if they mislead investors.

Are Residential sidewalks public or private property?

Residential sidewalks are typically considered public property, as they are usually maintained by local municipalities and are intended for public use. However, the land on which the sidewalk is built may be private property, owned by the adjacent homeowner. In many cases, homeowners are responsible for the upkeep of the sidewalk next to their property, even though it is publicly accessible. Local laws and regulations can vary, so it's important to check specific local ordinances for precise definitions and responsibilities.

When the seller is paid the customer payment is?

When the seller is paid, the customer payment is considered complete, and the transaction is finalized. This typically involves the transfer of funds from the customer's account to the seller's account, thereby confirming the exchange of goods or services. The seller may then issue a receipt or confirmation of the sale to the customer. In accounting terms, this payment reflects a reduction in the customer's liabilities and an increase in the seller's revenue.

What is payment be made?

Payment can be made through various methods, including cash, credit or debit cards, bank transfers, digital wallets, and cryptocurrencies. The choice of payment method often depends on the transaction type, retailer preferences, and customer convenience. Additionally, payments can be processed in-person or online, with options for one-time payments or recurring transactions.

Who is the person or firm you owe money to?

I don't have personal finances or debts, as I'm an AI language model and do not engage in financial transactions. If you're asking about a general concept, individuals typically owe money to banks, credit card companies, or other lenders. In business contexts, firms may owe money to suppliers, contractors, or financial institutions.

What are facts about Henry hamilton aka the hair buyer?

Henry Hamilton, often referred to as the "Hair Buyer," was a British officer during the American Revolutionary War. He earned this nickname due to his controversial practice of paying for American scalps, which he believed would incentivize Native American allies to fight against colonial forces. Hamilton served as the lieutenant governor of the British-controlled territory of Detroit and was known for his efforts to rally Indigenous tribes to the British cause. His actions and the brutal nature of his campaigns made him a notorious figure among American revolutionaries.

Did FDR pass a law that limits the amount of time a person can live in a tent on his or her own land?

Franklin D. Roosevelt (FDR) did not pass a specific law that limits the amount of time a person can live in a tent on their own land. However, local zoning laws and regulations may vary by municipality and can impose restrictions on temporary housing, including tents. These regulations are typically enforced by local governments rather than federal legislation. Therefore, any limitations would depend on local ordinances rather than a law enacted during FDR's presidency.

Why doesn't a 1991 Mazda 626 automatic upshift into over drive?

A 1991 Mazda 626 may not upshift into overdrive due to several potential issues, including low transmission fluid levels, a malfunctioning transmission control module, or a failed shift solenoid. Additionally, a faulty throttle position sensor or a worn-out governor can prevent proper shifting. It's also possible that the vehicle remains in lower gears due to an engine problem or if the transmission is in "limp" mode to protect itself from further damage. A thorough diagnostic check is recommended to pinpoint the exact cause.

What are advantages of capitated payments for providers and payments?

Capitated payments offer several advantages for providers, including predictable revenue streams that can improve financial stability and allow for better resource allocation. This payment model encourages providers to focus on preventive care and efficient management of patient populations, potentially leading to better health outcomes. Additionally, it can reduce administrative costs associated with fee-for-service billing, streamlining operations. Overall, capitated payments incentivize cost-effective care while promoting a holistic approach to patient health.

Can you get a car back if repossessed in Illinois?

Yes, in Illinois, you can potentially get your repossessed car back by paying off the overdue amount, including any fees associated with the repossession, within a certain timeframe. After repossession, the lender must send you a notice detailing your rights and the steps you can take to reclaim the vehicle. If you cannot redeem it within this period, you may have to buy it back at auction or negotiate with the lender. It's advisable to consult with a legal expert or consumer advocate for specific guidance based on your situation.

What is a repossession fee?

A repossession fee is a charge incurred when a lender or creditor takes back an asset, such as a vehicle, due to the borrower's failure to make timely payments. This fee typically covers the costs associated with locating, towing, and storing the repossessed item. It can vary based on the lender's policies and the expenses involved in the repossession process. Ultimately, the borrower may be responsible for this fee in addition to the outstanding debt.

When can you take back a owner financed home for late payments?

In an owner-financed home sale, the seller can typically take back the property for late payments if the buyer defaults on the terms outlined in the promissory note or the purchase agreement. The specific timeline and process for reclaiming the property depend on state laws and the terms of the contract, which may include grace periods and specific notice requirements. Generally, it's important for sellers to follow legal procedures, such as providing written notice of default and allowing time for the buyer to cure the default before proceeding with foreclosure or repossession. Always consult a real estate attorney to ensure compliance with local laws.

What is the name for belongings?

The term for belongings is "possessions." This refers to items or objects that a person owns or has control over. Other synonyms include "property" and "assets," which can encompass both tangible and intangible items.

Trending Questions
If you have a car returned to the bank will it hurt your husband's credit if he is not on the title or loan? How do you keep the repo guys away? How do I buy a car when you owe on another? How do you get back your personal items from a repossessed car in Ohio if the bank won't return your calls and you don't know which repo company took it and are they obligated to give you your stuff? Can a creditor repossess a car when the payment is one day late? What are some of the laws associated with Buddhism? Can you change cars in cars on ps2? Can you legally repossess a private party RV in WA? Can you get a class b cdl license without join to a truck driving school? Can you take some one to court after you lease a car to them and they bring it back not working? What happens if one co-buyer of a vehicle lets the car get repossessed and moves abroad without paying the deficiency? Can your car be repossessed if you have the title in your possession and the bank is not the lien holder? Can a car dealership lend out their cars to clients? Do you get anything back from a repossession car sale? If you are letting a car loan go unpaid and the loan is way upside down more than 10k on a 3 year old common car would it really be reposessed? Can you remove a repossession off your credit report if your cosigner has a judgment on the repossession? Can you find someones new address with the old address for free? How do you become a licensed repo person in the state of Pennsylvania? How do I get duplicate copy of business license? What happens if car dealership files bankruptcy how do you pay for vehicle?