0
really do not know what in a repo takes place means. How does it work the lien holder send out a order the company has field reps that look for the cars. When a car is found the agent will 1 have a key get in the car and drive off 2 the agent will back the tow truck up to the car and load it on the back. After that the car gets taken back to a holding yard that most likely has gates and locked , the agent will take all personal propery out of car and take a log of what is there and then bag everything that is not bolted down if it is attached to the car you can not get it back. then the car will sit and wait for somone to show up with money or until the amount of days the law calls for has pasted at that point the car will go to a auction and get that they can for it. Any money that is still left owed after all this the bank will most likely come after you for the bal due.
When a repossession occurs, the lender or financial institution takes possession of an asset (such as a car or house) due to the borrower's failure to make loan payments. The lender can then sell the asset to recover the outstanding debt. Repossessions can negatively impact the borrower's credit score and may result in legal actions taken by the lender.
Add your answer:
Earn +20 pts
When something takes place?
An event occurs or happens at a specific time or location.
Where does the Replication of DNA molecule happens?
It occurs in the nucleus during the S Phase.
When does resperation takes place?
This takes place in the mitochondria.
In which organelle does photosynthesis takes place?
Photosyntesis takes place in the chloroplasts.
What happens in the alveoli-?
Gaseous exchange takes place in the alveoli where carbon dioxide from the bloodstream diffuses into the air.
What happens when a car company takes you to court when you haven't paid the balance after the reposession?
Most likely you will get your wages garnished. They cannot send you to jail.They will only take 25% of your net disposable income. You can fight it if you chose.
What happens if re absorption of water does not takes place?
there will be no rains
When something takes place?
An event occurs or happens at a specific time or location.
How do you spell happands?
The likely word is happens (occurs, takes place).
What happens when breathing in takes place in the nose only?
You breathe in through the nose.
What happens when plants can't hold enough water?
Wilting takes place
What is product explosion?
an explosion happens when reaction takes place very quickly.
What is thermonuclear fusion takes place?
It simply means that thermonuclear fusion happens.
What process happens in the cell before cell division takes place?
mitosis
What products is explosive?
an explosion happens when reaction takes place very quickly.
What happens after Mona gets killed in Pretty Little Liars?
alison takes the place as A
If you volunteer a reposession on a lease car and the car is not operable what happens?
They repossess it anyway and you could be responsible for the repair cost, depending on the lease contract.
