Does the car lender have right to your personal property First thing first. Is your car repossessed with personal belongings in it ? Your personal items do not belong to the lender unless specified so in the buyer’s agreement. The repo agent should return the personal, loose items inside the vehicle during the repossession. Loose … Read more Car repossessed with personal belongings in it – What to do now?
Have defaulted on your car loan? Do you think you won’t be able to repay it? Then the best way out is to surrender your car to your lender, usually the bank. It will repossess the car and realize money by re-selling it and discharge the entire debt in the bankruptcy. However, for this to … Read more Bank Refuses to Repossess Car – Now What?
Why would you be behind on mortgage on your home and get into trouble with lenders? In normal circumstances, you certainly wouldn’t. But, if you are in financial doldrums and find it difficult to make payments, you may default on the mortgage. If this is the situation, you may have to opt for a mortgage … Read more Applying for a mortgage loan modification : Tips for success