This form is a Verfied Complaint for Replevin. The plaintiff has filed this action against defendant in order to replevy certain property in the defendant's possession.
Repossession Form Document With Lienholder In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-000265
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Word;
Rich Text
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FAQ
You are hereby notified that your description of motor vehicle, year, make, model and VIN #, was lawfully repossessed on Date because you defaulted on your loan with Credit Union Name. The vehicle is being held at location address of vehicle. be sold at public sale. A sale could include a lease or license.
A repossession affidavit is a legal statement filed with the Department of Motor Vehicles when you repossess a car from a customer. This document provides details about the repossession such as why and how the vehicle was repossessed. It also informs government authorities that the vehicle has been repossessed.
What Happens If the Repo Agent Doesn't Find Your Car? But if you make it hard for the repo agent to get it, then the creditor may use another method to get the car back, called "replevin." Replevin can be just as costly as a repossession, if not more so.
If you are applying for a Virginia REPO title, you, or your authorized agent, must use a Repossession of Vehicle Titled Out-of-State form, VSA 98, to apply for the Virginia REPO title in your name.
Rebuilding After Vehicle Repossession As we mentioned, after 12 months, some lenders may be willing to work with you if you prove your ability to repay a loan and have maintained your credit score in the meantime. Subprime lenders often work with borrowers in tough credit circumstances, such as an old repossession.
There is no legal restriction on the time when a car can be repossessed. The repo agent will do this when they have the opportunity to do so, which can be any time of the day or night.
Dear Borrower Name: You are hereby notified that your description of motor vehicle, year, make, model and VIN #, was lawfully repossessed on Date because you defaulted on your loan with Credit Union Name. The vehicle is being held at location address of vehicle. be sold at public sale.
Identify yourself and your vehicle. Be sure to include an account number so that your lender can match your letter to your records. Explain that you're unable to make payments and intend to surrender the car. Provide contact information so that your lender can reach you.
Generally, cars are repossessed once payments are 90 days in default. Just don't expect lenders to give you a heads-up when the Repo Man will come calling. They typically contract that work out to towing services that specialize in snatching cars.
More info
Fairfax County, Virginia - Vehicle Repossession. Complete this form and bring it with the license plates, if any, to any Motor Vehicles office.If you don't make your car payments on time, your lender might have the right to take your car without going to court or telling you first. To view, complete, and print Circuit Court fill-in forms, you must have Adobe Acrobat installed on your computer. Completing the Form. Voluntary surrender is complete when the owner has signed over the vehicle title to the City of Alexandria. 1. Gather information of the recent owner from records.