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 Statement With Lienholder In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-000265
Format:
Word;
Rich Text
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FAQ
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.
Creditors in Arizona are not required to send a pre-repossession notice before they conduct a repossession. However, the consumer must be in default and they must have a valid security interest in the vehicle in order for the repossession to be lawful.
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.
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.
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.
Contact your DMV. They can run the VIN and see who has the lien. The lien holder can request a duplicate title from the DMV. The bank cannot request the title if they have not recorded the lien. This is where it gets complex when chasing titles especially across state lines.
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I certify that I am the legal owner and a lienholder of record for the vehicle described above, that the vehicle is physically located in. The Arizona Repossession Affidavit form, officially known as form 48-0902, is a crucial document used in the repossession process.Find the answers to questions about your lease, MyAccount and more GM Financial related questions. The lienholder or their authorized agent is required to fill out the Repossession Affidavit. Address. Commissioner of Motor Vehicles (enter Name of Motor Vehicles office notified). Even if you successfully complete a voluntary repossession, the payments you missed on the auto loan will still appear on your credit report. Fill out this quick form and let us know if you have any questions or if you're interested in any of our services.