I live in Kansas. The house is in Kansas and the listing agent is saying that we will be sued by the repo bank for not going through with this. The FHA apprasal didn’t pass twice. We had to work on it ourselves to make it pass and it wasn’t ours yet. We just don’t want the house anymore. Can we be sued?
- Author: Admin
- Published: Dec 14th, 2009
- Category: Renting & Real Estate
- Comments: 3
Can I get sued for cancelling on a contract on a repo house?
- Author: Admin
- Published: Dec 1st, 2009
- Category: Renting & Real Estate
- Comments: 3
Do I need a real estate agent if Im buying a repo House through a bank in Los Angeles, CA?
I am planning on buying a bank repo house. Do I need a real estate agent or can I just go to the bank and buy the repo house through them?
If I buy the house directly from the bank, will I save on commissions because Im dealing directly with the bank or there is not such a thing?
Can a payment stop this repo?
I had my loan set up on auto debit. My house was broken into and though everything forgot to call and switch my account info with my bank. My truck is now in repossession (or the letter said I had until 4 days ago to bring it current). I called they day it was due and asked to send cash via Western Union (so the payment would post faster) and the lady said you need to make it by phone. I called by that evening to do a check by phone (the first lady said call before 9pm) and when I did she said I could only pay for it via Western Union! I explained at this point that it was 8:00pm and that they bank was closed to get cash and send and that I was simply doing what the first lady had asked (paying via phone). She told me that it HAD to be paid by 9pm and that is the only option I had. I called back the next morning and explained the situation and the lady promised to call me back and didn’t. I have all the Western Union information and have the cash to bring the loan current and could send next months payment as well. My question is, if I send it though Western Union (though bill pay) so that the account is current will that stop the repossession? I don’t want to send $3,000 cash and still have the car repossessed tomorrow. In that case I’d rather keep the cash and work it out. I’m thinking that if I send it Western Union and then it posts to my account they can’t still take my car correct and how can they refuse the payment if I pay cash at West Union? Please advise. I’d like to take care of this and send if off today.
- Author: Admin
- Published: Nov 8th, 2009
- Category: Other - Cars & Transportation
- Comments: 1
Can a person that is repossessing a car disclose that info to someone that is not involved (EXP: a stranger)?
A friend of mine’s car is apparently up for repossession. I haven’t talked to my friend for a few months now. But the repo company came to our house (I guess they are visiting all their references is that normal??) and told us that they were looking for so and so and that they are trying to repossess a 20XX Model Make. Isn’t it against the law to disclose all that information to just anyone? I mean they told us the full name of the person, the exact vehicle details and how they skipped out on thier bill. I think that is just not right. I spoke with some other mutual friends and they got the same repo company at thier house telling them all the same things they told me. So i guess they are just going to all the references houses to look for this person. Is this against the law?



