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Smart Shopper Repossession Stories and Questions
101 messages, Last post on Nov 12, 2009 at 9:13 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: joel0622 (Feb 21, 2008 5:44 am) The last thing they want is to go through costly and time consuming legal proceedings. Repossession is a relatively easy route for them to take because it is expedient and minimizes the bank's risk by transferring liability to the repo guy's bonding agent. tidester, host SUVs and Smart Shopper |
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Replying to: kyfdx (Feb 21, 2008 5:26 am) Yes... in Texas. A few other states I can't recall. In Texas if a neighbor asks you to keep an eye on his property while away, law gives you the right to shoot to kill to protect neighbors property. If robber/thief is in your house, unless they are nude and passed out, I would think it rational to think this person is a threat... and use whatever force you have at hand to eliminate this threat. Somebody driving off with your car, I wouldn't shoot them... but a lot of people out there that would. I don't think you'd be whacked (right off the bat) if you knocked on someones door and said you were repo'ing their car. If they say no you're not, or pull a piece, walk away and call the cops.
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Replying to: jipster (Feb 21, 2008 10:56 am) I think doing it your way would be downright suicidal.. 
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Here in Lexington, KY last summer a guy was shot several times and killed when he was driving away with a car. It was his first repo attempt. Car was from a BHPH lot.
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Replying to: jipster (Feb 21, 2008 5:26 am) Wow! Remind me never to walk through your neighborhood. You must live in Texas or one of those other third world countries. People can get pretty wild when you try to take their wheels. A few months ago near me a repo man was towing some fella's car and having had enough to drink that he thought he was James Bond, he jumped on the tow truck and got run over, dead. I'm not sure I would ask pretty please to a guy like that. |
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Replying to: tidester (Feb 20, 2008 9:22 pm) I remember another car we popped, had the guy's wallet in it, we took it from his workplace. He got outside and couldn't find the car, he went back into work and called his lender, they told him to come get his stuff from our shop, too. And one more story before I go to bed, I was told one day to get my tail to the shop to pick up a key. I go get this key and our other spotter gets on the radio and tells me where to go. He and I followed this Yukon for 20 minutes waiting for the right time. At one point he pulled into a fast food joint and went through the drive-thru. I pulled across the street into a large gas station and pretended to pump gas. As I was doing that, the debtor pulled into the same gas station and went inside, leaving his truck running. The other spotter guy, parked at the fast food place, ran across the street to me, grabbed my key in case the doors were locked, quickly checked the VIN number of the GMC, hopped in, and committed legal grand theft auto. The other spotter had his wife, who was riding with him, drive his spotter car back to the shop behind him and me. The debtor comes running out of the gas station but we were already on the highway and gone. He called the police of course. One cruiser made a very fast U-turn but did not give chase. My police scanner told the story, as he called into dispatch to say he found the stolen Yukon on the highway, the dispatcher told him it was a repossession and not to engage. Very exciting stuff, and I suppose I was lucky not to get shot at, but I drove cabs for a few years in this town and never got shot either. Go figure.
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Replying to: occupant1 (Feb 21, 2008 7:45 pm) That means that you coordinate with the police? I'm sure that avoids a lot of potential "misunderstandings" that might not be very pleasant!  tidester, host SUVs and Smart Shopper
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Replying to: occupant1 (Feb 21, 2008 7:45 pm) Repo man, cab driver...who are you Batman? You might just have what it takes to be a school bus driver. 
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Replying to: tidester (Feb 22, 2008 2:34 am) As far as taking a shot at the supposed auto thief, whether it's a repo or a real auto theft, in Ohio you do that and you're going to be spending a lot of bunk time in prison. |
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| I know if you have a car re-po'ed and the car is sold at auction you are still on the hook for the difference of the original loan and the auction price. Is there a way to find out how much the dealer (Chrysler) sold the car for? My friend's car was re-po'ed two years ago and Chrysler is trying to get the full amount of the loan ($26,000) even though the car was sold at auction. Any help is appreciated. | |
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