Mississippi Repossession For Sale
Description
How to fill out Mississippi Complaint For Replevin Or Repossession Of Dozer?
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FAQ
Mississippi allows a lender to repossess a car without a court order. This is referred to as a self-help repossession. A repo agent can tow your car from your driveway, a public street, a public parking lot, and a public garage.
What happens after my property is repossessed? Under Mississippi law, the creditor must notify you in writing that the property will be sold to pay off the indebtedness. This notice also gives you the opportunity to "redeem" the property. This means that you have the chance to get the property back.
Can a repo man move another car to get yours? No, a repossession agent may not do that. But, if the repossession company can't access your car because it is hidden, blocked, or locked up, your lender goes to court to get a replevin. Replevin is a court order compelling the collection of the vehicle.
Repossession agents can confiscate a vehicle parked on private property. However, they must follow a legal process and do it in a commercially reasonable manner. During a repossession, a repo agent cannot use force or the threat of force, ing to Mississippi law.
Mississippi law allows the borrower to redeem the vehicle prior to any sale. The redemption of a vehicle is possible once you've repaid your balance in full, which includes late payment charges, court costs, collection costs, and other repossession charges like repair fees, storage costs, and tow charges.