7 Articles
1 / 1
Add

Both the Department of Justice and bank regulators are involved in the investigation.

Wells Fargo allegedly violated the Servicemembers Civil Relief Act, a federal law that protects active duty servicemen from things like repossessions.

24

Trying to duck the repo man? Better not post your whereabouts on any social media sites or they could track you down and take back your car.

28

Repo men working in rural Alabama attempt to take a man's car at 2:30 am. The car's owner, 67-year-old Jimmy Tanks, hears noises and steps outside with his gun. Shots are fired and Jimmy ends up dead. The tables were turned on another repo man working in Alabama, who ended up dying of a gunshot wound. A third repo man, also in Alabama, was wounded by a gunshot while towing a vehicle away.

29

Just because your car has been repossessed doesn't mean you don't still owe the bank money on it. If that vehicle gets sold at auction for less than the bank is owed on it, the difference is called the "deficiency." And as MSNBC informs, banks are increasingly suing to get that deficiency amount back, plus applicable attorney's fees.

30

What's the second biggest purchase after a home? Most of the time, it's a car. And with so many people losing their homes, it's really no surprise that so many people are also losing their cars. Repossession companies are reporting record business -- so much so in fact that they are securing additional lots on which to store the delinquent goods.

1 / 1
Share This Post

Repossession Questions

There are no questions about this topic.
Click here to ask!

From Our Partners