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Yes, they can. And then they can have charges filed against the borrower, the most likely suspect in the theft. They can also file for a replevin, a court order for the borrower to surrender the vehicle, and failing to do so can result in the arrest of the borrower on charges of contempt of court.
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Can the owner report the car as stolen when the co signer has it?
You can report it stolen but they wont do anything once they find out a co owner has the car. They cant steal a car they own.
Can you reprot your car stolen after repros?
You cant report car stolen after being repoed, because the police have on file the vehicle as a repo. Once the vehicle is picked up it is reported so the authorities don't go out looking for a vehicle that hasn't been stolen.
If you've been late 8 weekly payments can the dealership report the car as stolen?
IF you are the REGISTERED OWNWER, NO. You cant steal your own car. They can REPO it.
What actions can a lienholder take if collateral cant be produced?
The alternatives of a lienholder on a property that no longer has collateral, are limited. One measure might be to renegotiate the contract, or find a buyer of the lien and suffer, usually, a large loss.
Can a vehicle that the repo man cannot find even after a year be listed as stolen?
Not to my knowledge. The lender cant say its stolen because they LET you take it from their possession. You havent said its stolen OR you would have a police report to show it was. So, it's NOT stolen, you are hiding it to hinder repossession. Hope that's not a felony in your state. My contracts state that if the borrower takes the vehicle out of state when in default that I could report the vehicle stolen. I never have tried, but I did pay an attorney to draft them up for me years ago. In wild and lawless Nevada...
Bought a car and stop paying for it over a year ago will you go to jail?
You cannot go to jail unless your are hiding the vehicle where the bank cant get it then they can report it stolen and if you still have you can go to jail.
Can a lien holder report the car stolen for being behind in payments?
Of course not. The car has not been stolen. But guess who is going to have to make the payments if the primary lender does not. You the cosigner, that's who. I would suggest you talk to the person you cosigned the loan for. If I were going to have to make the payments I would for sure try to gain possession of the vehicle. This is the very reason cosigning is a bad idea.
Can a lien holder report a vehicle stolen?
not really sure on this one but in order for the lien holder to have the vehicle in his/her posssision it had to be repossesed... and then it was stolen while it was in their possession then i would say yes.. but other wise cant really see a reason why the owner would not be the person that reports it to be stolen..... if in fact the car owner is deleinquent in payment and the car is reported stolen and the car owner goes to jail that is false imprisonment and you can sue..
What happens if they cant find the car to be repossessed?
They'll typically keep looking. Thing of it is, if someone's going to be so intent in trying to hold onto a vehicle, they don't do it because they want to just leave it sitting and not use it at all. They're going to drive it sooner or later. Which, dependent on the effort and resources the lienholder is willing to put into stalking the vehicle out, may lead to us either waiting for the lessee to get cocky thinking they're out of the woods (which they all do, eventually) or they can have us file a stolen property report (a bit less desirable of an option for the lienholder), or they can take the lessee to court. If they're trying to collect your 15 year-old Escort that you owe a couple thousand on, they'll probably just hit your credit report and make it difficult for you to take out a loan in the future. There comes a point when collecting what they're owed just isn't worth the hardships of collecting it.
What is the state food of Arizona?
peanuts or potatoes i cant remember :)
What happens if the creditor cant find the car to reposs it?
It gets reported stolen.
If you have bad credit no insurance no property or residence and your car is stolen what will happen if you stop making payments?
1, FILE a stolen car report with the cops. Then IF it was really stolen, the lender can collect the ins. and then your bad credit will go to Worse credit. And they cant find you 'cause you have no residence.Well, given the situation you describe, likely all the lender could do is get a judgment against the debtor. IF the debtor ever works, they could garnishee their wages.
