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  2. What To Do If Your Car Is Repossessed - AOL

    www.aol.com/car-repossessed-221913061.html

    The process of repossession is intrusive and frustrating and can be intimidating. The laws are murky and vary from state to state, but a court order is almost never needed for a lender to issue a ...

  3. Car Repossession: What to Do Before, During and After - AOL

    www.aol.com/car-repossession-during-160042812.html

    Unlike student loans and mortgages, there are no government-backed relief programs to cover a monthly auto payment. The result is most devastating for subprime borrowers — those with credit ...

  4. Repossession - Wikipedia

    en.wikipedia.org/wiki/Repossession

    Usually, the vehicle owner must be notified of a repossession. The repossession agent will find the car and check its information such as the vehicle identification number (VIN) to make sure they have the right vehicle. If there is a match, they will attempt to hook up the car to the tow truck and tow it away or pick the lock and drive it away.

  5. Car Repossessions on the Rise — Are You in Danger of ... - AOL

    www.aol.com/finance/car-repossessions-rise...

    Typically, you would need to be hiding from your lender’s messages and have an account at least 60 days past due for a creditor to begin the repossession process.

  6. Vehicle impoundment - Wikipedia

    en.wikipedia.org/wiki/Vehicle_impoundment

    Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.

  7. Replevin - Wikipedia

    en.wikipedia.org/wiki/Replevin

    A common example is where an automobile finance company initiates a replevin action to gain possession of a vehicle, following payment default. Replevin actions are usually employed when the lender cannot find the collateral, or cannot peacefully obtain it through self-help repossession. Replevin actions may also be pursued by true owners of ...

  8. Delinquency rates at highest level in almost 30 years - AOL

    www.aol.com/finance/delinquency-rates-highest...

    First is lingering high vehicle prices, and the second is high interest rates. Vehicle prices have dropped slightly since this time last year. Used prices are down 4 percent and new, just over 1 ...

  9. Self-help (law) - Wikipedia

    en.wikipedia.org/wiki/Self-help_(law)

    When a tow truck operator hired by the bank attempted to repossess the vehicle, Sanchez locked herself in the car. Despite this, the tow truck operator hooked the car up to the tow truck and proceeded to drive it, with Sanchez still inside, at high speed to the lot where it was left, guarded by a junkyard dog. It required the combined efforts ...

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