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Old 04-16-2019, 09:53 PM   #1
notanattrny
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Default another question about auto repossession

I talked to my bank around May 28th, 2018. I made my car payment and told them I would get caught up on June 27th,2018. The call was recorded on their end. Therefore, I did not fear a repossession. On June 23rd, they repossessed my car. Since the call was recorded and I was under the impression arrangements had been made and wasn't concerned. Does it matter that I informed them when I would get caught up on my payments? In other words, did the bank have any obligation to wait til the 27th for me to get caught up on payments?
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Old 04-16-2019, 10:33 PM   #2
adjusterjack
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Default Re: another question about auto repossession

The person you talked to didn't likely have anything to do with the repo department and also likely had no authority to waive the repo.

If you told the person you would get caught up and that person said OK, that's NOT a waiver of repo.

So, no, the bank had no obligation to wait for you to get caught up.

Not unless you got something in writing from a person authorized to waive the repo.
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Old Yesterday, 12:34 AM   #3
AFFA
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Default Re: another question about auto repossession

I wish to inform you that in most states, car lenders can seize your vehicle without prior notice if you are in default. However, they cannot breach the peace while they do it. If your lender commits a breach of the peace, you may be entitled to damages or use it to defend against a deficiency lawsuit. You may redeem the car or reinstate the loan. You may contact an attorney and seek guidance.

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Old Yesterday, 10:17 AM   #4
Lexus
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Default Re: another question about auto repossession

In this regard you should contact the bank directly to release the car and to reach a settlement.
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