Repossession

It depends on the state, but generally, in the U.S. the lein holder will eventually sue you for the difference of what the vehcile sold for and what you owed on it. Generally speaking, you will either have to pay it or file bankruptcy.

Seven years.

You will likely be arrested. This is larceny, a felony. It is also trespassing.

If you are delinquent on your car note, and the lender has ordered repossession of the car, a repossession agent may come to your home or place of work and demand you surrender the vehicle. If you refuse, or attempt to hide the vehicle, you could, in some states be held criminally liable. The lender could pursue criminal charges against you for hindering their efforts to recover their property. You see, when you contract to make payments on a car, you do not own it, the lender does. You are in essence paying to use the car until the loan is paid in full.

In some states you could be charged with hindering and arrested. In others the lender could seek a replevin against you at which time you would either give up the vehicle or face criminal charges. Other lenders will simply take you to court and seek a judgment against you, at which time you will have no choice in how the debt is recovered or when. It will be taken from your pay check, your bank accounts, your tax returns, it could aid in the forced liquidation of other property.

Your two easiest options are pay the note or turn in the vehicle. As long as active repossession is in place, you will lose the vehicle; it's just a matter of time.

Equal rights of the signer. You may need to obtain an order from a court to do so.

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Debtors can go after the assets of the estate. These assets will have to be liquidated to settle the debts.

Depending on where is was, or how bad the flood was, the signs will change. The usual signs are an odor, usually pretty bad on the inside, especially from the upholstery. If the water had salt in it, you might see salt residue in the engine compartment and on the undercarriage. Also, there will possibly be rust where there isn't usually rust: inside door panels, underside of hood, radiator...

The main problem with flood cars is that the title might not be clean. The engine is water-tight (if it's not you really have some problems, and in that case, flood damage is the least of your worries), so the engine should be fine, but the rust in other places can be a big issue.

Only thing you have to leave on your vehicle is the VIN# (vehicle identification number) which is located most likely on top of your dash board on the drivers side corner. There should be one located on a decal on the inside of your drivers door also and you can remove that sticker if you wish but I would recommend leaving it in place because it has alot of other information about your vehicle you may need. Any other emblems or decals on your vehicle can be removed as you wish.

You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.

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I would hazard a guess that he contacts the finance company first.

Short answer is Yes.

Your name is on the title. Your should consult a lawyer and go through the agreement you signed.

If you still have the car, you must pay the instalments. If you cannot afford to continue the instalments, you should try to strike a deal with the finance company to return the car and pay off any outstanding balance to that date of return. Arrange a realistic repayment scheme based on your current income and necessary outgoings - rent/mortgage, insurance, heating, food, taxes, etc. Beer and chips for Monday night football are not necessary outgoings, nor is pay-per-view cable.

If you had a written agreement with your friend to pay the instalments then you can sue the friend for the money you have had to pay out on their behalf.

i will let you know in advance

You turn the key, the car has energy from the petrol that makes the wheels move, this movement turns the tires and then the car moves, slowly at first but then it makes a move by using the petrol. This is CO2.

Selling a timeshare requires understanding how the timeshare was actually sold to the consumer in the first place, an article explaining the tips for timeshare resale on ezine article reads

When trying to sell a timeshare in the resale market there's a few key points to consider. First of all the major resort developers are selling millions of dollars in timeshare properties every year, a lot of that has to do with the way they market their units. If Wyndham all of a sudden decides that they will sell timeshares only through their websites and other online marketing soon enough they wouldn't be considered the largest resort developers in the world. Developers like Wyndham spend millions in marketing revenue like giving away free vacation deals for anyone that attends a Timeshare presentation.

They will also start pricing the unit well over Fifteen thousand Dollars when they can easily sell the same unit for under Eight Thousand Dollars, Giving customers a price break makes them feel like they are getting a great deal while making it easier for the agent to make the sale happen.

Giving prospective customers a "Free Weekend Getaway" at the same location also helps greatly to sell a vacation property, usually when someone buys a new car they like to take it on a test drive and letting the prospects try out the unit, enjoy all the amenities the resort has to offer in reality has the same effect. The idea is to make the customer fall in love with the Resort.

Selecting the right company to get the job done can turn out to be the difference between selling your timeshare in 90 days or not selling your timeshare at all. Companies with ethical and logical marketing practices may be hard to find but are well worth the trouble.

A few key questions to ask before selecting a company to handle your resale are:

Do you charge Money upfront to sell my timeshare?

Do you offer In house presentation for prospective buyers?

How many units have you sold recently?

Do you offer free trips to the resort for prospective buyers?

Do you offer title and finance services for the buyer?

Do you offer any guarantee?

Sell or Rent out Your Timeshare with No upfront Marketing Fees.

yes

Yes, they can be repossessed. This is a common trick many debtors try to pull. Switch the cars and the repo agent will never catch on is the thinking. Wrong. Finding cars is what these guys do. And, working for many of them are people called skip tracers who are very good at finding things. So you can try this, but it will only work for a short time. The car will be taken anyway, only you might lose a friend in the process.

This is commonly referred to in the industry as "Third Party Possess." Third parties have no rights in this matter. It is as if you loaned your property to someone else, they cannot alter it, or keep it--you loaned it to them. When the repo agency (when not if) locates the property, it will be taken. If the third party reacts in the common way and calls the police, they will do nothing, unless of course your friend gets out of control, then he may be accompanying the cops downtown.

The primary and cosigner on a car note are equal owners. Neither has the "right of ownership" over the other. This is a common misconception. Both may not benefit from the transaction, but both will be negatively affected if the note is not paid.

Have they notified you in writing of possible repo? Check your paperwork, I bet it's in the fine print, chances are you're getting close, 3+ months 90+ days and it gets repo consideration. Your best option is to communicate with your lender and discuss your situation with a payment, and perhaps this vehicle gets you to the job etc. Either way they'll want their $$.

Depending on your interest rate and repayment terms there are many possibilities. There is an easy calculator here:https://www.grabillbank.com/calculators.html?CALCULATORID=PC09&TEMPLATE_ID=www.grabillbank.com_1

For 7 years at 5.5% with no down payment monthly payments would be $718.50

Endorse it yourself, make a copy, and give it to a teller at the bank. If you are trying to get the money for yourself, don't waste your time. It isn't your money. The insurance company would not have made it out to you and the bank if there was no lien on the vehicle. The lien is there to protect the interest of the bank. If there is a refund due you, the bank will pay it to you directly.