Repossession

If you were married at the date of service for a necessary bill and are found unable to pay and yet the spouse has the ability to pay then Yes the spouse can be held responsible.

The car is paid for over a long period of time.

expropriation means seizure of private property by the government after paying compensation.

confiscation is similar as expropriation, but confiscation does not involve such payments.

The contract should include the applicable terms in case of a repossession. If there are no specifics as to the action, the laws of the state in which the vehicle loan was granted apply.

One day soon you will wake up, walk out to your driveway with your travel cup of coffee, and your keys, and you will find that your car is not parked where you left it the night before. You may automatically assume it was stolen, so you will grab your cell phone and dial 911. When the operator answers, she will take your information, pop that into the computer, and transfer your call to another department where you will be told that your vehicle was repossessed.

It is possible that you will take the kids grocery shopping one hot summer night. While at your local Winn Dixie, you will not notice the tow truck that has been tailing you for the past five blocks, crusing the next aisle over. But, when you exit the store with your ice cream melting, and the kids cranky and screaming, you will see your car being towed from the lot by a guy with a baseball hat in a two truck, smiling and waving at you.

Most generally the agent must not breach the peace. There are specific laws pertaining to repossession agencies that are different in different states. However, for the most part, as long as the peace is maintained, and it is a self-help state, there is nothing more the agent must do.

In some states yes. In some state the lender is not required to give any notice at all before or after. In some states, the lender is only required to give you notice after the vehicle has been repossessed.

If you still owe, then yes. If there is any unpaid balance remaining, the lender can sue you once you default on the contract. keep in mind though that you will have an opportunity to speak in court, and if you show that you have continued to pay, and it is the limit of your ability, it is very possible the judge will agree and set what you have been paying as your new payment schedule. It is also possible he will deny the judgment and dismiss the suit.

Perhaps it is. That's a maybe. Some loan contracts have a clause in them that defaults the car to the lender in the event the contract is breached. In these cases, the lender will pick up the car as soon as the borrower becomes delinquent in payments. Many of these lenders will not return the vehicle either, preferring rather to sell the car at auction, and collect the remaining balance through other means.

The vehicle will be repossessed in all likelihood. There is an entire national industry dedicated to locating and securing vehicles with defaulted loans. The people who work in this industry are very good at locating your car, your home, your family, your friends, your place of employment, your bank, and all of your other assets. Save yourself the grief, give it up or pay it current.

Legally, no. This would fall under wrongful incarceration or kidnapping. The repo agent can block the vehicle in until that person gets out and then hook the unit. If the person re-enters the vehicle afterward then all bets are off. If the police are called in this situation, someone is likely to go to jail for breach of peace, and the repo agent has a legally binding notice of repossession.

Not at the time the lender seeks repossession of the vehicle, but if it is found that fraud has been committed (vehicle hidden, sold, etc.) them criminal charges could be applicable.

They will want the money from the co-signer. In my case, my car was repossesed and my mom was my co-signer and she had to file bankruptcy too. The lender will sell the car in an auction and your co-signer will be responsible for the difference between what you owed and what is was sold for. Got it?

Gap insurance will not cover repossession in any state or territory of the US. Repossession is not a valid claim for insurance. In fact, it is possible your insurance could be cancelled as a result of the repossession, making you high risk.

You could check the want ads in your local paper. Many people find running vehicles on sites such as Craig's List. Still more people find them sitting for sale in yards and at the sides of roads. You are probably going to have to pay cash. The likelihood of you getting a loan for a reasonable rate any time soon is limited.

Depends on where you live, some states, yes, others, no.

Google it first please :D

Yes, it certainly is. In fact, they are required by law to hold your personal property for you to be able to claim it. It is ingenious that they keep it in the vehicle. It is common practice that they will not release it to you until the storage fee is paid.

I'll take a guess, since you posted this under reposession: It's hiding a vehicle so it would be repossessed, done sometimes when people are behind in their car payments.

The simple answer is, yes!

Let's go from the standard cause and effects. At the day you purchase your car, you sign a contract agreeing to pay a certain amount of money monthly of a period of time. If during that time frame of that contract you either voluntarily surrender the car or it is repossessed for non payment, the standard contract agreement states that even if the car is surrendered or repossessed, you must pay the remaining amount of the contract.

Each style of contract is a little different. If you are in a lease contract for an example of 36 months, and must pay $1000.00 a month. The total amount paid over the length of the contract is $36,000.00 if it is completed. But let's say you turn the car in after the 26th payment. That would leave $10,000.00 remaining owed. The finance company can pursue you for that amount, as well, any additional fee's IE: Lawyer fees, court fees, collection fees, etc, etc.

Now if you were going to purchase the car and had a 72 month contract. The final price of the car once you signed the final paper work on the agreed price was $30,000.00. After making 50 payments and paid $22,000.00 so far. You surrendered the car; the finance company will auction the car at the standard Automobile Wholesale Value. You owe the finance company $8,000.00 still. But the car only sales for $6,000.00 in auction, you will still have to pay the $2,000.00, as well any additional fees. Now let's say the car sales for $8,500.00. The finance company must return to you any overage amount it receives. Keep in mind they still will take out the fee's there.

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contact the bank and advise them of the situation. Ask them if they will work with you on catching up the payments. Do not offer to pay more than you reasonably can. If they still refuse your offers, offer to surrender the bike and offer to give them the location of the motor.

Ask your employer to give you the name of the entity who is garnishing your wages--- is it an individual; the court; a company, etc. Most likely it will be a court. Get the case number of the court case and go to the court and look at the judgment and see how much was awarded in the judgment. Then add up how much you have paid over the years through the garnishment towards the judgment.

Then if you have paid the amount in full, and they are still garnishing you can petition the court to stop the garnishment and return any overpayment.

A QUICK WAY to find out is to just ask your employer for the total amount the ORDER OF GARNISHMENT instructed them to garnish. Your employer is responsible for garnishing only the amount in the COURT ORDER.

GOOD LUCK!

Some collection agencies are authorized by their clients to make payment arrangements. Some agency actually purchase the debt and will or won't make arrangements. It is up to the individual agencies and their policies.

Your best option is to contact the original creditor, explain why you fell behind, be very apologetic, and ask for payment arrangements. Legally, they are not required to accept payments once you fall delinquent. They do not even have to accept partial payments.

That all depends, was the person a tow driver, a repo-man, or just a common person randomly looking into cars? Was the car parked in a development where parking passes/stickers are used, or were the cars parked in driveways?

Many times a tow company will be contracted to these developments where parking permits are required or where assigned spacing is used. The purpose in this instance is to notify the police department. The VIN (Vehicle Identification Number) is used to identify that specific vehicle, so when it is reported stolen after being towed for being illegally parked, the police department can identify the car a having been removed legally, and not actually stolen.

When it comes to repossessions, however, these guys are a whole other type of creature. They are usually working with someone else, or will do a little scouting before repo-ing a car. They could either have a guy go out dressed in plain clothes, while another waits in the shadows somewhere for the confirmation that this is the car to be repo-ed, or go out dressed in plain clothes and come back in a short time with a truck to repo the vehicle. In this case, the VIN is also used by the finance company that ordered the repo to identify the vehicle. In the repo business it would be quicker to snap a pic of the vin and keep walking so as not to let the people who are delinquent on their payments know that their vehicle is being towed, In this case most towns will also require thw PD be notified during the removal of a repo-ed vehicle.

If the vehicle is a newer vehicle, there isn't really much a common thief could do with your VIN, but I have heard of duplicating VINs on older vehicles pre 1980's when it was harder to keep track of things, but everything is entered in a database that all registry's share and search through for such duplicates now. The only way a thief could possibly gain any benefit fron taking pictures of the VINs is if he were to do some heavy duty mettling in the works of the public transportation department. The VIN or plate number could be referenced through a local registry website, disk, or catalog and giving your name and address. Then they could access your driver's license and or your social security number if they were to cross reference the info, then they could steal your identity. But the chances fo that happening are highly unlikely, number one, due to the fact that this info at your local registry is priveleged info., along with the info on your drivers license. The chances of your common thief even thinking of this is highly unlikely anyway. Plus this type of action would leave a paper trail to catch up to the criminal. All websites containing any of this info asks for your name, log-in, password info. All disks are released to only qualified users who would actually need the info and those disks are registered to the user in order to track them back to the user. So it's unlikely that would happen.

Beyond these reasons it would be tough to say why anyone would actually want to look at anyone's VIN numbers and photograph it.