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Yes but it's almost unheard of. You would have to pay all back monies owed and pay for the repossession, but why would they chance you again and go through all the red tape if you ignored all their requests for money, phone calls, letters etc and let it get to repo stage.
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What are the FHA auto repossession guidelines?
The FHA does not have specific guidelines for auto repossession. Auto repossession is typically governed by state laws and the terms of the loan agreement between the borrower and the lender. It is important to review the terms of the loan agreement and consult with legal counsel if facing auto repossession.
Is there an Auto Repossession Statute of Limitation in Mississippi?
As far as I know there is no statute of limitation on auto repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read. Repossession should be your last resort. Hiding a vehicle from repossession is a crime in some states. The consequences of repossession are always bad for you.
Does state of Nevada have a auto purchase rescind law?
new purchase not in repossession
Where can you find laws and licensing information regarding auto repossession in Massachusetts?
Do you need a private dectectives license to do auto repossessions in the state of Ma
Can wages be garnished after a repossession to collect the balance?
Can wages be garnished for the balance of an auto loan in the state of Delaware
Who regulates auto repossession in Texas?
NO state agency or board. Any complaints should go to the State Attorney General office.
Do you receive notification before auto repossession?
You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.
Which state in the US has the lowest auto insurance rates?
Maine and Iowa have the lowest auto insurance rates. Washington D.C. has the highest auto insurance rates.
What happens if you conceal a car on repossession in Florida?
Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.
Is it illegal to conceal a car from repossession in Florida?
Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.
Where do you find state laws regarding auto repossession?
Repo Laws can be found at a site called www.dmv.org or you can also check your local laws.
Can an auto repossession cause wage garnishment if the car was purchased in Texas but I live in Louisiana?
That is a sticky question they could come to your state and garnish
