A lien is much more than a nudge to the debtor to remind them of the outstanding amount due. It is a legal document that secures the claim against the homeowner with a security interest in the property. That is, a property lien gives the lien holder the right to sell the property in ...
According toHUD Handbook 4000.1, flipping is "the purchase and subsequent resale of a property in a short period of time." When a real estate investor flips a house, they may remodel the home to increase its value. The FHA has a 90-day flip rule that states FHA lenders must hire FHA ...
The information listed below provides a brief summary of individual state laws regarding secured transactions. Since an automobile loan is almost always a secured loan — meaning the financed property is the collateral — theselawsare applicable to situations involving auto repossessions. ALABAMA When re...
Repossession Laws in Utah In Utah as in other states, an auto loan is secured by the property purchased with the borrowed funds. In theory, this security assures that the borrower will repay the loan on time, and in full. If a default occurs, however, the lender has the right to claim...
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Legal Compliance: We adhere to all local, state, and federal laws and regulations. Our recovery experience includes all types of collateral, including, but not limited to: Travel Trailers Goose Neck Trailers Boat Trailers Horse Trailers Jet Skis ...
Car Repo Laws in Arkansas Personal Finance Can Your Wages Be Garnished for Auto Repossession? Companies Can't Breach the Peace Although a repo company can take possession of your vehicle on both public and private property, they can't breach the peace. According toUpsolve, this means they ca...
6. Per the State of California, a Repossession Agency 'contracts with a legal owner tolocateor recover personal property that has been sold under a security agreement'; so, since repo agencies are allowed to do this 'locate' work,
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Indiana Code. This means while she may enter your property to seize the vehicle, she cannot cause damage to the property and may be liable for any damages she causes. In addition, Indiana requires a repossession agent to notify law enforcement prior to repossession of a vehicle or watercraft....