Just watched my neighbor get her car repoed

tr8todd wrote: Neighbor lady is your classic bad neighbor, so it was with great pleasure that I got to watch her car go away. I turned on my outside lights grabbed a lawn chair and a beer and went outside to watch the show. Made sure she knew I was watching and enjoying every minute of it. Only regret was the batteries were dead in the camera when I grabbed it, but I acted like I was taking pics anyway. Tomorrow is going to be a good day.

You should never wish ill on anyone.

Except a bad neighbor. berkeley them! haaahhaaaaa!

Btw, the rest of this thread has some funny discussion. Thanks for the read!

B430 wrote:

gimpstang wrote: I'm not up to speed on having things repossessed. I pay my bills (what a novel idea!) but I can think of many many ways that crimes could be committed under the guise of repossessing a car unless there is some paperwork involved.

The finance company will have made about 9000 phone calls to you before you get to the point of having your car repoed, and you should also be aware that you haven't been making your payments, so you will know it's coming.

Yup.

SWMBO and I made a decent living before the big crash hit us in '08/'09. She had just lost her job to some sexist horsecrap, and we had a new baby at the time as well, so savings were already non-existent. I had just bought an '03 Civic that turned out to be the biggest lemon I'd ever come across; the only thing worse was the dealer's attitude, who screwed me out of the short warranty. My pay was cut by 60% suddenly, and there was no way to keep the car, much less begin fixing it. I tried like hell to sell or trade it at a loss, no dice. After four months behind, we knew we'd lose the car. The creditors calld 3-5 times a day, for a further three months until they took the car on my birthday. Wish I'd been around when the tow rig arrived, I'd love to have handed the keys over, I've never been so glad to see a car go... and it would've saved a 50mi round trip drive to turn them in. Still owe $6k on it, however.

Found out the hard way six months thereafter, however, that the bank that holds the note to SWMBO's Forester sends out the repo order the day the third payment is late, no questions asked, no notice. Won't make that mistake again. We were fortunate to get the car back.

I'm done with car payments. It's cash or walking at this point.

yeah in Tennessee, at close of business the day the payments are due they can pick it up. No notice no nothing

The only thing is no repos on Sunday. From Midnight to Midnight on the Sabbeth you are covered.

Glad you got it back.

J308 wrote: You should never wish ill on anyone.

Actually, that is something I really try to live by. If they wish ill will on me, I just try to go about my way. Karma thing, but I don't believe in karma. I just believe its the right thing to do.

That doesn't mean I don't laugh when that dumbass gets what they deserve.

ValuePack wrote: I'm done with car payments. It's cash or walking at this point.

I don't think you have much choice.

N Sperlo wrote:

J308 wrote: You should never wish ill on anyone.

Actually, that is something I really try to live by. If they wish ill will on me, I just try to go about my way. Karma thing, but I don't believe in karma. I just believe its the right thing to do. That doesn't mean I don't laugh when that dumbass gets what they deserve.

True that...

Still, it might be ok to wish ill on a bad neighbor!

ive never had a car repoed but when the significant other worked at the bank they picked up a mustang once (the guy knew the car was getting repoed) so he had taken the entire car apart. litterly everything. i got a call to come look and give a price to put it all back to gether. after i scribbled down a number they decided to press charges against the guy for damages.

In reply to KATYB:

+1 you made me LOL

J308 wrote: I don't think you have much choice.

Tell me about it. The $1(no zeros) Subaru has HAD it, and the sub-$1k market here is poor, at best. At least I can get to work in two hours by bicycle, if need be.

KATYB wrote: ive never had a car repoed but when the significant other worked at the bank they picked up a mustang once (the guy knew the car was getting repoed) so he had taken the entire car apart. litterly everything. i got a call to come look and give a price to put it all back to gether. after i scribbled down a number they decided to press charges against the guy for damages.

I was actually going to ask the repo guys earlier if anyone had ever done this. Seems like a funny way to at the bank. Then I realized that if you haven't given the car back yet, it's probably because you need it and taking it apart would just be shooting yourself in the foot. I guess I'm not as creative as I thought I was... and that the bank doesn't share my sense of humor :)

The bank next to the shop I worked at would bring over repos and we were to bill every penny of time that we could at the bank's request. They knew they were going to sue for additional loss.

peter wrote:

KATYB wrote: ive never had a car repoed but when the significant other worked at the bank they picked up a mustang once (the guy knew the car was getting repoed) so he had taken the entire car apart. litterly everything. i got a call to come look and give a price to put it all back to gether. after i scribbled down a number they decided to press charges against the guy for damages.

I was actually going to ask the repo guys earlier if anyone had ever done this. Seems like a funny way to at the bank. Then I realized that if you haven't given the car back yet, it's probably because you need it and taking it apart would just be shooting yourself in the foot. I guess I'm not as creative as I thought I was... and that the bank doesn't share my sense of humor :)

A friend of my ex's did that with his jeep – it was all over the garage floor. "Go ahead, take it!" he said.

The bank is still able to sue an individual for any unpaid loan balances. Just because your vehicle was picked up does not mean that it will satisfy the remaining balance of the loan.

In reply to Lesley: In TN your friends ex's would not only be sued he would go to jail.

TENNESSEE CODE ANNOTATED

Title 39 Criminal Offenses
Chapter 14 Offenses Against Property
Part 1 Theft

Tenn. Code Ann. § 39-14-116 (2012)

39-14-116. Hindering secured creditors.

(a) A person who claims ownership of or interest in any property which is the subject of a security interest, security agreement, deed of trust, mortgage, attachment, judgment or other statutory or equitable lien commits an offense who, with intent to hinder enforcement of that interest or lien, destroys, removes, conceals, encumbers, transfers, orotherwise harms or reduces the value of the property.

(b) For purposes of this section, unless the context otherwise requires:

(1) "Remove" means transport, without the effective consent of the secured party, from the state or county in which the property was located when the security interest or lien attached; and

(2) "Security interest" means an interest in personal property or fixtures that secures payment or performance of an obligation.

(c) An offense under this section is a Class E felony.

Dad had 2 motorcycles and 1 car done this way. The bikes he just collected all the parts in the bed of the truck and brought them back and the car he just took pictures and turned them over to the bank.

The guy was in jail the next week in the car case.

Now that I re-read the law I wonder if a talented lawyer could expand this to other people involved in the collection.

Like say, security guards.

My dad bought a 1948 Harley Panhead from a finance company in boxes. Seems the guy who owed the $ took it apart and stuck it under his house, they found it and dragged it all out to repo it. Dad bought it for nearly nothing, then he and I put it back together (I was 12 at the time) and we discovered that the finance company didn't get the coffee can or whatever it was containing the bolts that held everything together.

N Sperlo wrote:

Racer1ab wrote: My favorite was the dude who caught a weapons charge, after he pulled up his shirt to show the pistol in his waist band.

I would have arrested him myself after holding him at gunpoint waiting for backup. Haven't had to use my gun and don't want to, but brandishing is a felony. If I allowed the tow truck (camel towing) to take the vehicle, my car would be getting repoed next. Catch my drift?

At the time, I was working as unarmed security. Basically, I just waltzed back to the truck and called the cops and our control center. The funny bit was, I don't think Mr. Repo was aware he'd just committed a crime. At least until he was cuffed and tossed in the back of a cruiser.

Quasimo1 wrote: The bank is still able to sue an individual for any unpaid loan balances. Just because your vehicle was picked up does not mean that it will satisfy the remaining balance of the loan.

Well, I didn't get sued, but there's a lot of truth in what you say. I had a good friend that I'd known for about 8yrs. I cosigned his loan for a used car. He got back on drugs (crack/ice), and vanished. Last call I got from him was to tell me he'd turned the car in so that "..they won't come after you, bro!"

"This is GEORGIA, man. They can take the car from you, and still come after me for the money." He hung up, and I never heard from him again. In retrospect, that's probably not such a bad thing.

Weird thing: car involved was a Nissan S13 convertible. I still had a good job and money in the bank at the time, I would have paid the thing off (less than $1500 left) if he'd come clean soon enough for me to bring the car home. I just wasn't going to pay money without having something in return. Once the lender told me the car couldn't be found, I gave them the Will Power Salute.

Don't know if the lender decided not to sue me, or if they just couldn't find me, but I haven't received a letter from them in a long, long time.

... my wife worked with a black girl with a ton of 'tude who had her RIMZ repoed while at work.... that was awesome... left her car sitting on blocks as I recall...

some people you just enjoy seeing that stuff happening :)

I almost had a car repoed... It was in 2004... I was a few payments behind on my 1999 Mustang Cobra convertible (big pimpin Airman!). I had the money but I always forgot to mail the damn check in. My credit union was 1400 miles away in my hometown. One Saturday morning, I awoke to the sound of a diesel engine in my driveway. There was a wrecker backing up to my car which was under the carport adjacent to the house. I just sat there, peeking out of the window, frozen from panic. Luckily, I had pulled the car all the way under the carport the night before. They couldn't get the arm under the carport roof and still get the hooks under the rear tires. They tried 3-4 times; successfully smashing the gutter and damaging one of the roof joists. They left in disgust and I jumped into action. I hopped in my car and drove to a buddies house about 8 blocks away. I hid the car in his garage until I could call my credit union that following Tuesday (Monday was Memorial Day). I never saw them again...

What pissed me off, is that they entered military housing without an SP escort which is a big no-no, damaged my government house and showed up on a 3 day weekend so they could extract the most towing and impound fees out of me and knew my credit union would be closed. I was not happy when I called my credit union on Tuesday. They never tried to fix my house despite their barrage of apologies and promises to have their claims department contact me.

Moral of the story: Set up autopay so you don't forget to pay your car payment and don't be an irresponsible 23 year old...

donalson wrote: ... my wife worked with a black girl with a ton of 'tude who had her RIMZ repoed while at work.... that was awesome... left her car sitting on blocks as I recall... some people you just enjoy seeing that stuff happening :)

That happened at the Jeep place. I did not know until then that you could rent rimz. The funniest thing: the service manager called Mr Big Wheelz and told him his rimz were gone. Of course, Mr Big Wheelz was gonna sue everyone in sight if we didn't replace his twennytwo spinnaz like RIGHT NOW, then the service manager gave him the phone number to Colortyme TV Rental.