Any questions for a former Repo Processor of RVs and trailers?

[HJLowell]

Originally Posted by Old-Biscuit

Years and years delinquent ????


Sounds like somebody dropped the ball.


Never having been delinquent for any payment I thought 2 months behind and steps would be taken.


Strange post......

Correct Old Biscuit

And

The OP has Vacated for now.

[Bamaman]

Originally Posted by bmcgc

A friend of mine used to help out a buddy of his doing repos in Memphis.

One night he dropped his buddy off at a house to pick up a tow truck, he had a key to the tow truck. As he was driving the tow truck away the owner ran out of the house and pumped 10 rounds of 9mm into the truck, killing the repo driver.

Shooter was convicted and put away.

Made me wonder why you would repo at night in a bad neighborhood. If it were me, I would repo during the day, with security armed to the teeth.

Especially in Memphis.

I used to work in the finance field in Memphis. You're talking about automobiles here. Times have changed over the years with a hardening of society in big cities. Memphis is essentially a dysfunctional society with a general lack of jobs, extremely low incomes and an overabundance of illegal substances.

More often than not, the finance companies have had enough contact with customers to know a little about their behavior, etc. Often it's safer to have no contact with the customers and pick up vehicles with a special "Eagle Claw" wrecker where you're gone in sixty seconds or less.

Nevertheless, being a repo agent is a dangerous, but needed job. The legal system is so clogged up that replevining collateral is just too slow and expensive. And without repossessions, finance companies would have to charge substantially higher interest rates on the good customers to make up the difference and remain profitable.

[KiteSquid]

Originally Posted by Ray,IN

Where are the repos usually taken for re-sale? How would I tell if one was a repo?

How can I find out if my rv was repossessed?

Where can I buy repos?

How much should I pay for a repo?

[Jthigh]

Where’s the OP?

[roscoesdad]

It's what you call being SNOOKERED .

[Dav L]

Originally Posted by KiteSquid

How can I find out if my rv was repossessed?

Where can I buy repos?

How much should I pay for a repo?

I think you would have to find the paper trail for your used RV. From paperwork left in the vehicle, or certainly from interview of the seller.
It won't show up on a title as it likely wasn't also totalled.

Repos generally go to auction. www.repocast.com and www.autobidmaster.com are two places.

You will pay whatever the market bears on the auction site. Not much discount from used as the title should still be clean. You are competing with thousands of others that are also looking for a deal. If the vehicle is compromised, then the pool of shoppers drop as the risk increases lots and the number of people that will take it on drops fast.

[rick.hose]

We had a deputy in Maryland who came out of his house just as the repo men were hooking up his trailer. The pistol in his hand changed their mind about grabbing it. He held them at bay until a patrol car could get there. It’s considered trespassing if you come on private property to snatch property. Bad pay or not. Not sure how it ended. My understanding is that you need a law enforcement escort to retrieve a unit in someone’s driveway. Lucky for them the guy wasn’t trigger happy.
I’m sure they eventually repo’d it but word is the deputy had them face down begging for their lives. Not a job I would want in any capacity. To many crazies out there.

[twogypsies]

I wonder if he's going to answer the questions!

[Kaputnick]

Must be too busy burning something to answer.

[RoadRelax]

Where does one get listing of such units?

[jamesham]

Lots of questions and the OP seems to have gone. Maybe the last repo did not go well?

Originally Posted by Pyropete

Was wondering if y'all had any questions you wanted to ask someone that was in my position of taking peoples' trailers and RVs that were delinquent for years and years.

[garywilson]

Ever get a writ of sequestration, or did you just go get them?

[Nomonk]

Originally Posted by Pyropete

Was wondering if y'all had any questions you wanted to ask someone that was in my position of taking peoples' trailers and RVs that were delinquent for years and years.

I don't have a question but I do have a story.
In 2008 My business went under. I had to file Bankruptcy> when I did that I lost all income and had to file Personal BR as well. I got to keep the car and house but everything that was tied to a note had to go.

I had a 33' 5th Wheel that I lost. When the repo guy came I had cleaned everything out long before he came. I took him to the unit, Gave him the keys and ask him to take care of it. I signed all the papers and he and his (Wife) helper said MR Kennedy we really appreciate your cooperation. This has been the easiest repo we have ever done.

I helped the hook up and they towed it out of my back yard as my wife and I both cried as they left our sight. It was the first thing I had ever had repoed in my life and I have never had anything Repossessed Sinse.

[TonyMac]

Yeah, were you the guy that snached mine? Former owner failed to pay, bank had it snached, I bought it 2 years later for a song.