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
How much monthly income must you show to a car loan lender for a 9000.000 car?
8888888888888888888888888888888888888888888888888888888888888888888888888888888888888
Does your car get impounded if you dont have proof of insurance?
It depends on the legal jurisdiction, and the decision of the officer who made the stop. But, yes, in many locales you car can be impounded.
Letter of late payment of school fees?
With due respect, I beg to say that I am a student of Class VII of your school.
What is the Reposession Law for Florida?
Generally, your creditor has legal authority to seize your car as soon as you default on your loan. Once you are in default, your creditor may repossess your car at any time without prior notice and may come onto your property to do so. However, the creditor may not commit a "breach of the peace" by using physical force or threats of force. If this occurs, your creditor may be required to pay a penalty or compensate you for any harm done to you or your property.
One third of a number is less than half of the same number what is the number?
One-third of ANY number is less than half of that number - no matter what number you pick.
Where can you find samples of summons letters?
Where can you find samples of financial hardship letters
You will do what is called a Voluntary Reposession. Basically what this means is you have given the car back to the lending company on your own free will, HOWEVER, you are still liable to pay for the vehilce. Most places will attempt to sell the car for what the book value is, if you have negative equity (owe for than its worth) and they are unable to sell it for what you owe you may still have to pay the balance even after the car has been sold. Of course the biggest down fall to this is it still gets marked on your credit report as a default and reposession.
There are lots of cars for trailer, but there are trailers made for non-trailer cars.
What happens if your car gets repoed?
Many people dont know this but if your car is getting repoed and you see it happening you need to go up to the guy that is repoing your car and tell him that you cant pay for the repo/tow and by law they need to put down your car.
Hope it helps
-I hate to disagree with the above answer, but I own a repossession company that operates in WA, ID, and OR. This would never stop us. The reason is that we are hired by the lender, they will pay for the repossession. The first answer may be refering to a stay te that I do not operate in, or some subtle point of law that I'm unfamiliar with. The best advice is to call you lender and try to work out how you can get your car back. If you cannot work with them try contacting a company called LEAP financing, they finance cars that are in repo.
a sheriff works within a county.they can not leave the county they work within the county
What is the diff of a car or vehicle?
The "diff" is an abbreviation for differential.Most cars have 2, but some only have 1. They are located on the axles, usually towards the center. They hold gears and gear oil. They help put the vehicles horsepower to the drive wheels. Only 4 wheel drive and All wheel drive cars have 2 differentials. If they are just rear wqheel drive the differential willbe in the rear axle, and if its a front wheel drive vehicle then the differential is located in the front axle.
In Texas when a car is impounded how much does it cost to take it out?
well I'm not positively sure but you pay a set fee I wanna say 100 dollars and than have proof of 6 months of insurance....that's how it was with a friend of mine cuz he was driving without insurance
Best bank to refinance your car?
It depends on credit mostly. You just have to shop around but try not to have your credit report pulled too many times or too frequently because it will lower your credit score.
Possible fraud charges.
Hmmm, that's a tough one. But as far as I know, what he did IS legal unless he did actual damage to your door or anything else. Most of the time they either use a key from the dealership or get the car on a tow truck. In other words they would really rather not deal with the owners. So the fact that they knocked on your door at all is odd, unless they needed you to open the garage or a gate or something to get to the car.
If your house is repossessed do you keep its contents?
You get to keep all of the contents which do not fall into what is commonly known as "fixtures." Furniture, furnishings and personal property are not fixtures, therefore you may keep them. Anything which is affixed to the house itself stays. Things like chandeliers, ceiling fans and wall-to-wall carpeting are part of the house and should stay; although frequently, many people remove items like that as they leave and nothing is really done by the repossessing party. The difference between fixtures and non-fixtures is not always very clear.
You can no longer afford your vehicle what do you do?
Your best option is to discuss it with the dealer or who it is that's holding the loan.
Can a car be repossed from neighbers driveway?
YES. The repo company can take the car from anywhere they want with the exception of a boot on the vehicle and/or the vehicle is in a locked property such as behind a locked fence surrounding the property or locked inside of a garage. If you do not let the person onto your property with a locked fence surrounding this is a voilation of the law and ofcourse YOU can have them arrested on the spot.
