Affidavit Of Repossession With Goods In Fulton
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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.
You can also use websites like Carfax, Auto Trader, Buy It Now, eBay and CarsDirect. All these websites provide information about repossessed cars.
If the repo company can't repossess the car without breaching the peace, then the lender can go to court and go through the replevin process. The lender is basically taking you to court to make you hand over the car. If you lose the court case, then you have to return the car by the scheduled date.
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.
Obtaining a repossession title involves completing specific paperwork to transfer ownership from the previous owner to the lienholder. This paperwork often includes an application for a repossession title, a bill of sale, and a certificate of repossession.
If the judgment is in the landlord's favor, the court will issue a writ of possession seven days after the judgment is entered (OCGA § 44-7-55(a)). The tenant must move out within the seven days, but they can also file an appeal to the judgment during this period.
The only thing you can do at this point is file a Motion to Stay Execution of Writ of Possession. This motion will put the execution of the eviction order on hold for up to 10 days.
