0
What else can I help you with?
Can a vehicle be reprossed on private property in New Mexico?
While there are some limitations (e.g., "peaceful repossession", can't enter a locked building or cross a locked gate), yes, they can.
Can a friend stop a repo man from taking a car from their private property?
Repossession laws vary from state to state. Typically, if the vehicle is behind (or in) a locked enclosure, they cannot enter and take it.
Can a repo man come on to your porch to reposess your motorcycle in Indiana?
They can go where they have open access to reacquire the lienholder's property. They cannot force their way through a locked door, cross a locked gate, or enter a vehicle other than the one up for repossession.
What are the main causes of property repossession?
The main causes of property repossession is for nonpayment of the mortgage or any loans where the property was put up as collateral. If nonpayment occurs the lend has the right to repossess.
Can repossession take place on private property?
Yes. If the property is found it can be retreived.
In California can you be forced to open a locked garage in an attempt to repo a vehicle?
NO! It would require a court order. The garage is private property and the owner has the right to keep it secured. If an attempt is made to remove the car from the garage (locked or not) the repo. agency has committed a Breach of Peace. Which may result in fines and the loss of the lender's right to any deficiency judgment.
Can the cosigner repossess property other than a vehicle if the primary debtor is not making payments?
No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.
What if the repo is on someone elses property?
If a repo (repossession) occurs on someone else's property, it can lead to legal complications. The repossession agent must have the right to access the property and may need permission or a court order if the property owner does not consent. Trespassing laws may apply, and the property owner could potentially take legal action against the repossession company. It's important for repossession agents to understand the legal requirements and limitations in such situations to avoid disputes.
Can the dealer repossession your car off private property?
yes
What are the laws on Repossession breaking and entering?
Repossession agents can enter a property to repossess an item if they have permission to do so or if the property is not under the control of the owner. They are not allowed to engage in breaking and entering to repossess an item. If a repossession agent unlawfully enters a property, they can face legal consequences.
What is the process for an FHA repossession of a property?
The process for an FHA repossession of a property involves the lender initiating foreclosure proceedings due to the borrower's failure to make mortgage payments. The property is then repossessed by the lender and sold to recover the outstanding debt.
What is considered an illegal repossession?
Repossession laws vary from state to state. States also have different provisions for different types of property. You would need to be more specific about the circumstances, the property and the state where the repossession would take place. Your question should be reformed to ask, "Is a repossession under the following circumstances legal"? Asking what is considered an illegal repossession is much too broad a question.
