Repossession for a car happens when you’ve defaulted on your auto loan, and your lender may seize the vehicle to recover its losses. In many states, lenders are not required to give you notice before ...

We are receiving mixed messages regarding trends in repossessed cars. Some experts see the recent spike in repos as the market sorting itself out after record-low repossession rates the past couple of ...

The U.S. Department of Justice’s (DOJ) recent enforcement action under the Servicemembers Civil Relief Act (SCRA) underscores ...

If you miss payments on your leased car, it may be repossessed, which can be expensive and financially damaging. You can try to prevent repossession by making missed payments, contacting the leasing ...

Hudson Cook partner Allen Denson read through the auto-finance portion of the latest Supervisory Highlights shared by the Consumer Financial Protection Bureau and immediately thought of another credit ...

Affirming a Tax Court decision, the Eighth Circuit held that a taxpayer who repossessed his former principal residence after the buyer defaulted had to recognize gain equal to the excess of the cash ...

Coming out of the COVID-19 pandemic, the auto finance industry will face a number of issues when it comes to self-help repossession following a borrower’s default. A number of jurisdictions across the ...

In today’s economy, auto loan delinquencies are rising, leading to an increase in vehicle repossessions. However, many lenders fail to recognize a critical opportunity in the repossession process: ...

Eduardo Zepeda is a car aficionado, gasoline mechanic, and motorhome enthusiast based in central Mexico. He has lived in different parts of Mexico, the United States, and Canada, and he is constantly ...

New data is showing the number of car repossessions is hitting its highest rate in years. According to Fitch Ratings, more Americans are falling behind on their car payments after a sharp decline in ...

As tax advisors, the client problems that plague our daily existence can be divided into two categories. First are those situations when we recognize that a tax issue exists and are merely left with ...

(AOL Autos)-- Motorist one, let's call him Jim, just bought a used car from his neighborhood auto dealer. Meanwhile, motorist two, let's call her Jane, just lost her new car to repossession. Jim ...