Pretty much this. When the repo guy shows up, he will have the paper work in hand. At this point, the car belongs to the bank "by law". If the home owner comes out mad, you tell them to call the police. When the LEO shows up, you just hand him the paper work, verify the vin#, and the LEO is going to tell them to get their stuff out and go inside. Alot of times, if it is going to be hard to get, I would call the P.D. before I left and let them know where I was going and the vin# of the car. This way if someone seen you and called it in stolen, you are good. The LEOs will tell them that it is a repo. I have a friend who had been doing it about 15 years when he tought me.
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Pretty much this. When the repo guy shows up, he will have the paper work in hand. At this point, the car belongs to the bank "by law". If the home owner comes out mad, you tell them to call the police. When the LEO shows up, you just hand him the paper work, verify the vin#, and the LEO is going to tell them to get their stuff out and go inside. Alot of times, if it is going to be hard to get, I would call the P.D. before I left and let them know where I was going and the vin# of the car. This way if someone seen you and called it in stolen, you are good. The LEOs will tell them that it is a repo. I have a friend who had been doing it about 15 years when he tought me.
You couldn't be further from the truth... You know, I read a lot of your posts and you are wrong with your information about 99% of the time... Maybe you should actually do some research before you put your random thoughts into text... Just FYI it isn't their property, technically it is the banks property until they pay it off... Hence the lien on the title... If they fail to fulfill your financial obligation with the lien holder, they can send someone out to reclaim THEIR property...
See, statements like that are what show you for your true worth... Your line of thinking may send you to jail for a very long time... Then again, that might be best for society...
I worked for a note lot part time repossessing for about 6 months the typical buy here pay here place, kind of like Brian, we repossessed the same care 4 times he would come in pay his repo fee and catch his payments up then turn around and skip a payment again go find it because he would hide it and do the dance all over again. The money wasn't bad though the repo fee was $150 bucks and my deal was 50% of the fee for each car I took.
I took a ford fiesta one time that was 3 months behind, (most of this lots repo's were drive off's they kept a key till the note was paid in full), the owner heard me start the car at 3am in the morning(tweakers) and rushed out with a shotgun and blasted the rear of the car several times. I stopped at a pay phone to call it in and the cops already had the guy on the other line claiming someone stole "his" car, that was a royal mess then he tried claiming we damaged his car, the cops wound up busting him for manufacturing a couple of weeks later. That was the last one I did.
I took a ford fiesta one time that was 3 months behind, (most of this lots repo's were drive off's they kept a key till the note was paid in full), the owner heard me start the car at 3am in the morning(tweakers) and rushed out with a shotgun and blasted the rear of the car several times. I stopped at a pay phone to call it in and the cops already had the guy on the other line claiming someone stole "his" car, that was a royal mess then he tried claiming we damaged his car, the cops wound up busting him for manufacturing a couple of weeks later. That was the last one I did.
Yea, this is why I would call the police sometimes before I went out. Let the LEOs tell him where the car went. My buddy has installed some kind of box on his cars now. He can turn them off when they don't pay. When they pay, he turns it back on. Its like you said. They repo the same cars over and over. The pay was about the same as you made. I made more from the bank, but the buy here lots always have work.
All of the repo guys I have known have always stopped in at the local police station and gave them a heads up and showed the papers needed by the court and the creditor to get the property back. My uncle repo`od in CA for a few years.
this^ i've had people come out pissed off and tell us to get off thier property snd even off thier street ,thats always a laugh. i've called the police and had the debtor call the police on me and they show up look at the paper work and tell the guy to stay out of the way while we do our job or they'll be arrested.
usually i never set foot on the property but i do wait while the drivers hook em up in case there's a problem
Usually the cops won't get involved. They simply say it's a civil matter and handle it in court. At least that what we did at the Sheriff's Office.
C
coythtr
Guest
BS cops will not get involved in a repo. Had a buddy was repo man, he called cops several times for help and they refused.
We did not call for help, we just called to let them know we were taking the car.
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