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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

The repo man came to repo your car in the middle of the night and ran your doorbell off the hook and almost broke your door down is that legal?

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.

How can you evenly split moms personal belongings?

Perhaps the best way, is to sell them all and then split the money. You can each choose a few items that mean alot to your both, but the classic way to prevent family disputes in this area is to sell everything and split the money.

What were some important events during the past ten years?

The world trade center got knocked down, Princess Diana died, and Shaun Ross just got banned from the Chatham House Internet!!!

What does regulated company mean?

Regulated companies were associations of merchants banded together for a common venture

requires the company to have a licences and there are regulatory bodies that govern such company (government bodies that look after that industry) for public safety reasons. Jobs that require a licence are called regulated occupations. Regulated occupations include nurses, doctors, engineers, teachers, accountants and electricians. You need special education and experience before you can get your licence to work in most regulated occupations.

Can the person repossessing your car remove the license plates from it?

I want to say No I havn't ever heard of this being done. Different states have different laws regarding repossession.

Can you get a free hpi car check online?

Yes, you can get free hpi car check alternative online. There are many websites giving car history details.

You are severely in debt and you would like to start paying things off How do you go about finding all the people you owe money to?

There is a web link located below for you. It will give you your three credit reports for free once a year, you will only have to pay for the scores if you wish to have it.

Request a free copy of your credit report from all three reporting agencies. You are allotted one free report per year from each agency. The service above only gives an abridged copy of each report. By going to each reporting agency, you will get complete reports.

Can both a judgment lien be placed on home and wages garnished at the same time in Colorado?

As always I would suggest you do some of the footwork yourself insofar as research.

In New Jersey, once they obtain the judgment against an individual they then go after the debtors wages. Once the judgment is paid in full, it can be marked satisfied and filed with the courts. The judgment (here in jersey) is entered, which starts the ball rolling towards garnishing an individuals wages.

Once it's paid off, the attorney can file a Warrant to Satisfy Judgment, and they should remove the lien. At least this is my understanding of it.

Once it's paid, make sure to get a copy of the filed documents stating that the judgment was paid and that it's free and clear. If you were to buy a house later they do a judgment search and you'll have to prove that it was paid before closing.

If your vehicle was repossesed do you still have to pay?

If you want the vehicle back you will have to pay the repo fees on top of the late charges and your normal monthly payment to where it is caught up. If you dont want the vehicle you will have to pay the balance of what the vehicle was sold for.

Can you direct deposit a refund to a visa debt card?

I believe that as long as you have a routing number and an account number attached to your card, then yes.

How do you refinance a vehicle?

Here are the steps you will typically take to refinance a vehicle

  1. Start researching where you may be able get the best auto refinance loan.
  2. Once you choose a lender, you’ll need to provide your financial information to qualify for the loan. This information may include your income, assets, debt load, credit history, and other information they lender needs to help qualify you.
  3. You will have to pay any fees, which may include lien holder fees, state re-registration fees, and possible pre-payment fees
  4. Upon approval and closing, your new lender pays off your current vehicle loan.
  5. The car’s title is transferred to the new lender.
  6. You begin making your monthly payments to your new lender.

What are the Repossession laws in Alberta can?

they are different if you finance than when you lease. when you lease and get behind on your payments (usually 3 months) the bank will ask you to either catch up with your payment or they will send a bailif (civil enforcment-sherriff's department most likely) to get the car from you but he can't breach the peace for example if you start arguing with him and say he can not take the car then they have to file a civil claim and with court judgment they can enforce it. but if you give up the car you will be liable for the rest of the payments that you signed in the contract. if you finance it's the same thing they can only enforce it with a court order or take the vehicle only if you agree and comply but only between 6am and 10pm and without breaching the peace. once the vehicle is reposessed you're NOT going to be sued for the difference once they have the car you are cleared from the loan. you will gat a paper saying that once the car is reposessed the claim against you is satisfied and you're all free! please ask if you have any questions i just went through repo couple weeks ago and i know all the laws and procedures (I've been driving my car for 8 months before they found me)

Are there any certain cars that are less safe than other cars?

Definitively. Small cars are not as safe as large cars, generally speaking. Cars like the Toyota Yaris, Nissan Versa, Mercury Grand Marquis, Hyundai Accent, Ford Mustang Convertible, and the Chevy Aveo Sedan are listed by Consumer Reports as not being as safe as they could be. Volvos are safe and sexy

How do you sell a us car to a Canadian?

Selling a vehicle to a Canadian is fairly straight forward:

a) Sign your title where indicated but keep the "Release of Liability" section.

b) Mail that Liability form to your DMV so they know the car has left the country and won't charge you for future DMV fees.

c) Give the buyer a bill of sale. Good samples are available free at the DMV.

d) Your buyer takes the title and bill of sale to their Ministry of Transport to register the vehicle and pay their taxes.

If a car is sold after repossession does law state that it must be reported to the bureau as zero balance?

If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?

How does a repo man fine someone?

most of them are in with the bank which you got the loan from so they have your vin number and your address and where you work in most cases cover your vin and most of the time they wont take it cause they have to be 100% that it is the right vehicle

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