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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

How much for 3 month down payment on 600 dollar car?

1000 dollars a month is a good price or you could bring your kneepads

Is it possible to take someone's name off as co-signer on a vehicle?

my sister co-signed a car loan with her boy friend. they are not together any more. can she somehow be released from liability?

What does mo mo mean in Chinese?

its the name of the lemer of of avatar the last airbender

What is the punishment for not having car insurance?

It depends upon the financial responsibility law of the State. In general, each State mandates minimum insurance requirements. These usually relate to Personal Injury Protection Coverage and third party liability. Proof must be shown at the time of registering the vehicle.

If the insurance lapses, once the financial responsibility authorities find out, they can suspend the license and tags of the responsible part(ies). It is also an offence for which one can get a traffic ticket and which, depending on the State, carry a stiff fine and a further license suspension.

If one is involved in a collision without insurance and is found to be at fault, their license and tags can be suspended until full restitution is made. They may also be required to obtain and maintain high-risk liability insurance for a number of years.

What are the statute of limitations on car repossession in Georgia?

I would think after so long it would become Grand Theft Auto because you don't own the car the bank or loan companies do !!!!! you might want to call a attorney and ask or browse the web for your answer...But after thinking it over i took on the task and this is where you can find your answer!!!! good luck http://www.lexis-nexis.com/hottopics/gacode/default.asp

When a loan is in default does the lender have to notify the cosigner?

When a loan is in arrears (past due), the creditor has the legal right to contact the cosigner unless the loan is included in bankruptcy. The Fair Debt Collection Practices Act states this fact. The sole purpose of a cosigner/guarantor is to guarantee the loan, hence it is likely if no payment arrangements have been made by one, they will collect from the other.

Can you go to jail for hiding your car in your garage in California?

In the U.S there is no debtors prison which means you can't go to jail for a debt owed (i'm assuming you owe car payments). However they will get you eventually, they can't come in your garage but they have spotters who will tell if you are seen at a gas station, store or god forbid on a date at a movie theatre, and when they do they'll grab your car quicker than you can imagine.

Difference between determinable fee and a conditional fee?

conditional fee = fee estate that is dependant upon a condition occuring. For example; I'll give James the farm when he graduates with an MBA. If James doesn't graduate, he won't get the farm.

determinable fee = fee estate that is only lost if something new happens. For example; I'll give James the farm as long as it is used for growing wheat. If it no longer is used for that purpose, James no longer has title.

Can a ac company charge you a service fee if no service was performed?

Depends on where you live. In the UK a company can charge a 'call out' fee, but not a 'service charge' if no service was performed. However, this should be stated by them when you made the appointment. If you live in the UK you can approach the Citizens' Advice Bureau regarding the legality - take the bill.

Can a repo man find you through vehicle registration?

The answer to your question is yes! My mother worked for GMAC finance, the people who finance your Gm auto. They will work with individuals who have problems. The deal is YOU the customer when facing problems must call them and let them know what is going on with your ability to pay (or not) your vehicle. If you do not contact them, they will use all their resources to find you. All the info you gave to the people who finance your auto is on record and yes they call the repo man and give him that information.

How can I get possession my car from co signer?

If your name is listed on the Title then you have all rights to posses the vehicle. The loan instrument doe not construe ownership, the title does.

Again if your name is on the title and registration you can Take the vehicle or better yet depending on your situation, call the police (with title in hand) and report the vehicle stolen, this can be a very powerful threat to who ever has the vehicle.

What is collateral agreement?

A collateral is nothing but any asset (Bank deposits, your house, jewels, machinery etc) that the bank can convert to cash by selling it if you default on your loan repayment.

The presence of a collateral enhances your credit profile and improves the chances of your getting the loan.

An agreement wherein, the loan customer accepts to the conditions of the loan granting banks control over the collaterals is termed as a collateral agreement

Can you return your car to lender if you can make a payment?

Yes, you can. The only problem is you have an obligation like a contract to purchase this vehicle. If you do not meet your obligation it will become a blemish on your credit record. When you attempt to buy another vehicle, creditors will see this blemish and it may cause difficulties in your next attempt to purchase a vehicle. You may be seen as not credit worthy in trying to finance an automobile in the traditional finance method.

How to get ex spouse off car loan?

You need written consent. Shouldn't be too hard to get, since you will be assuming the entire loan yourself. Getting the spouse off the title is a bit more complicated.

How do you know how old a car is?

The number of miles times the year the car was made.

Agency of social control?

Social control is of two types:

#1 Informal social control: Informal social control is "unofficial" and tend to occur in small groups. they are of 4 types:

*social rewards

*punishments

*persuasion

*redefined norms

#2 Formal social control: Formal social control is official and is carried out by enforcing laws and rules by the authoritarian agencies. they include:

*school

*mass media

*religion

*state

*family

Is it legal to reposses a vehicle during the night not giving owner a chance to remove tags or get personal belongings?

The answer is generally yes, but I would have to know the state and circumstances before I give a definitive answer. Do not rely upon nor act upon my answer without first consulting your own attorney.

<a href="http://www.minnesotarepossessor.blogspot.com" tagged=_blank"> Don Mashak, owner, 1st National Repossessors, Inc.</a>

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