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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 I file a law suit on a car repair shop that closed down and took my car?
Sure, take them to small claims court. Make sure you have all your papers and are ready to prove they did something wrong.
How much does a repo man make on a plane repossession?
it varies across the country but they typically make around 6% to 10% of the planes total value
What happens if don't pay the car loan?
If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
Can a police officer come on private property?
I think they can walk the premises but i don't think they can enter your home without a warrant.
Car on your property for four months is it legally mine?
The salvage laws vary by country but generaly large items such as a car need to be abandoned for a year before they can be claimed by someone else.
How long until a car is considered abandoned?
This seems to vary between local Streets and Sanitation Department policy but most information suggests "seven consecutive days" as the minimum criteria.
In Chicago, for instance, a vehicle can be classified as abandoned if it meets one or more of the following criteria:
- On a public way in a state of disrepair as to be incapable of being driven in its present condition.
- Has not been moved or used for more than seven consecutive days and is apparently deserted.
- Has been left on the public way without state registration or a temporary state registration placard for two or more days.
- Is a hazardous dilapidated vehicle left in full view of the general public, whether on public or private property.
Yes. If there is a deficiency owed to the bank it can file a claim against your grandmother's estate. That's what happens when you co-sign a loan for another person. You are responsible for payment of the loan.
Why might the market value of a loan differ from its outstanding balance?
The balance of a loan depends on the original contract rate, whereas the market value of the loan depends on the current market interest rate.
i bought a car and the previous owner never paidthe loan off now thereis a company wanting to repossess thecar from me what can l do
What are the Advantages of making weekly car payments?
Most car loans accrue interest on a daily basis. The more you owe on outstanding principal (the actual loan amount owed on the car), the more interest you pay. Generally speaking, when you make a car payment, first the money is applied towards interest, and then the remaining is applied toward your principal.
The more principal you have, the more interest you accrue. When you make a payment, the compounded interest is paid down. Therefore, if you make a weekly payment, you are only paying on 7 days of accrued interest, instead of 30 days.
While it may not seem like a lot, look at it like this:
A $7,000 car loan with 7% APR will cost you nearly $900 in interest if financed over 36 months.
If you pay weekly instead of monthly, that interest is cut by 75%, meaning you will only pay $225 in interest.
Instead of paying $200 a month, try paying $50 a week. Set it up with automatic billpay so you don't have to worry about it. Most banks do not charge a fee for this service.
Sell your catering equipment in auction?
where can i sell my catering equipment
because I'm closing down my shop
How do you contact Federal National Mortgage Association?
Fannie Mae
3900 Wisconsin Avenue, N.W.
Washington, D.C. 20016
800=732-6643
How can you stop garnishment from your wages from student loans?
This company can help you stop the wage garnishment: www.defaultms.com
Why do gauges in a car move while car is off?
the gauges move in the first place bacause of air pressure/temp so when u shut off your car the pressure is released because the gauges would break more frequently otherwise.
What car was Batman's car made from?
George Barris created the Bat mobile from a Ford Futura concept car. Ford created the 1962 Futura concept car, test marketed it for a short time and eventually sold it to George Barris. Barris built a number of famous TV cars in the 60 including the Adams Family's roadster.
If it wasn't for the very short production schedule, the bat mobile may have ended up looking very different. Since Barris didn't have time to create something from scratch which he may have done, he looked around the lot and saw the Futura. If you ever see a picture of the Futura, you will see that Barris didn't have to do much to create the first generation Bat mobile.
How to find out if a property has been repossessed?
This information is public record and can be found at the county clerk's office. There are many websites that can also help you find this information, most for a fee and a few for free. what websites are they
How do repo companies find your car?
First and foremost, there are trade secrets. Skip tracers and skilled repossession agents find the cars, not repo companies. Repo companies employ such skilled people for just this purpose.
Those who find vehicles use a vast variety of tools and resources both technological and not so much so to locate property. It can be as simple as a phone call or as technologically advanced as GPS. Many repossession companies take advantage of the newer camera car services now available.
Can a Florida repo company charge you a fee for personnel property?
yeah they can the state of Florida say that the can charge a "reasonable fee" for inventory and storage but the are not very specific on what reasonable might be
http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=Ch0493/part04.htm&StatuteYear=2004&Title=-%3E2004-%3EChapter%20493-%3EPart%20IV
