Can't repo a vehicle if someone's in it? Who knew?
And to add insult to injury, the writer apparently doesn't know the difference between a rifle and a shotgun...
& there's no mention of the assault charge the elder son should be facing.
But he loves hi job.
see what happens when there isn't forced sterilization ?
Crafty, yet stupid.
Somehow, I think that kid's gonna do just fine 
.
no worse than his mom and brother
or better for that matter
"when people know their car is up for repo...." Huh? It's NOT THEIR CAR! It's the bank's car. Idiots!
no, it is your car, you purchased it with your own money. That money was given to you by a bank who decided you were trustworthy enough to pay it back, but just in case you didnt, they made a provision in the agreement to give you the money that should you fail to live up to your bargain, your car was the asset you relegated to cover your responsibility. Same with a mortgage, the bank: DOES NOT OWN WHATEVER ITEM YOU PURCHASED WITH THE MONEY THEY GAVE YOU
4cylndrfury wrote: no, it is your car, you purchased it with your own money. That money was given to you by a bank who decided you were trustworthy enough to pay it back, but just in case you didnt, they made a provision in the agreement to give you the money that should you fail to live up to your bargain, your car was the asset you relegated to cover your responsibility. Same with a mortgage, the bank: DOES NOT OWN WHATEVER ITEM YOU PURCHASED WITH THE MONEY THEY GAVE YOU
The bank owns the money it provided to make the purchase. The terms within that contract stipulate that if the bank's money is not paid back, the bank takes something of value to cover its' losses, i.e. the car or the house.
The moral of the story: If you stop paying, the paying doesn't stop; and you WILL end-up paying.
I gotta' get out of this state someday.
In most states there is a process to repossessing a vehicle, which involves notifying the local police. Ninety nine % of the guys doing it don't bother, and what amounts to stealing, just hook up and tow the vehicle away. No sympathy here for for thieves. None for deadbeats either.
You can do a "self-help" repossession but only if there is not a breach of the peace. My advice for yrs has been to stand on the hood and raise hell. The repo man has to back off at that point and get the court order, BUT once he has the order, there is nothing that can be done to stop the repossession.
"..hey, kid! Wanna make 20 bucks?"
oldsaw wrote:4cylndrfury wrote: no, it is your car, you purchased it with your own money. That money was given to you by a bank who decided you were trustworthy enough to pay it back, but just in case you didnt, they made a provision in the agreement to give you the money that should you fail to live up to your bargain, your car was the asset you relegated to cover your responsibility. Same with a mortgage, the bank: DOES NOT OWN WHATEVER ITEM YOU PURCHASED WITH THE MONEY THEY GAVE YOUThe bank owns the money it provided to make the purchase. The terms within that contract stipulate that if the bank's money is not paid back, the bank takes something of value to cover its' losses, i.e. the car or the house. The moral of the story: If you stop paying, the paying doesn't stop; and you WILL end-up paying.
technically they dont own anything but a promise. THe money is yours, the car/house/helicopter/boat/RV/Russian bride is all yours. But youre right, an item of value is put up as insurance that you will make good on your promise. Not always is the item being purchased also the collateral. Either way, youre right, fail to pay, and you still pay.
...sorry, Ive had 2 days off work in the last 19...and none in a row....im shining and happy right now
minimac wrote: In most states there is a process to repossessing a vehicle, which involves notifying the local police. Ninety nine % of the guys doing it don't bother, and what amounts to stealing, just hook up and tow the vehicle away. No sympathy here for for thieves. None for deadbeats either.
We went to the police after we had the car. A surprising number of times when we went to the police first the person "somehow" found out we were coming.
That title, if it's in your hands, has got a lien on it. You don't get the mortgage papers until the house is fully paid for. I'm sorry, but I've got a conscience, I don't expect to own something unless I pay for it fully.
I think its ridiculous that people think they own something when its not paid for.
youre missing the point...technically you did pay for it...the seller was paid in full and you were the one paying. The banks involvement is limited to your responsibility to pay them. They are int he business of gathering interest, not buying stuff. Im just pointing out technicalities. I do understand that I dont have all the rights to a house while its mortgaged in the same way I own and have rights to a snickers bar after paying it fully in the checkout at the grocery. Im just saying, the bank does not own it at all. Im not talking about consciences, right/wrong/other. Please keep your personal criticism in your mind and off my internet
oldsaw wrote:4cylndrfury wrote: no, it is your car, you purchased it with your own money. That money was given to you by a bank who decided you were trustworthy enough to pay it back, but just in case you didnt, they made a provision in the agreement to give you the money that should you fail to live up to your bargain, your car was the asset you relegated to cover your responsibility. Same with a mortgage, the bank: DOES NOT OWN WHATEVER ITEM YOU PURCHASED WITH THE MONEY THEY GAVE YOUThe bank owns the money it provided to make the purchase. The terms within that contract stipulate that if the bank's money is not paid back, the bank takes something of value to cover its' losses, i.e. the car or the house. The moral of the story: If you stop paying, the paying doesn't stop; and you WILL end-up paying.
Yes, I understand I was incorrect in saying the bank owns the assest but the bottom line remains the same. I just don't understand why 'owners' get upset when a repo happens. They're not owners at all.
Wow, clever and reckless. That's a pretty dangerous combination right there. And it's not looking good for the teen either.
Mental's got some good "Mom of the Year" candidates on his site. This place is too family friendly so you'll have to find them yourself.
http://www.evilengineering.com/
This is the tamest....
Single mom's still have to feed their kids
One dolla at a time...
make it rain, make it rain....
I just see this as good ol fashioned ingenuity. Quick thinking... if the baby is a total loss she can always make another one but and Expedition? Where are you ever going to find one of those?
shadetree30 wrote: Can't repo a vehicle if someone's in it? Who knew? And to add insult to injury, the writer apparently doesn't know the difference between a rifle and a shotgun...
technically, if its a rifled barrel shotgun...
You'll need to log in to post.
