The U.S. Department of Justice’s (DOJ) recent enforcement action under the Servicemembers Civil Relief Act (SCRA) underscores the ...

CarMax allegedly violated the Servicemembers Civil Relief Act, with each affected servicemember set to receive $15,000 in ...

Repossession for a car happens when you’ve defaulted on your auto loan, and your lender may seize the vehicle to recover its losses. In many states, lenders are not required to give you notice before ...

We are receiving mixed messages regarding trends in repossessed cars. Some experts see the recent spike in repos as the market sorting itself out after record-low repossession rates the past couple of ...

Affirming a Tax Court decision, the Eighth Circuit held that a taxpayer who repossessed his former principal residence after the buyer defaulted had to recognize gain equal to the excess of the cash ...

In today’s economy, auto loan delinquencies are rising, leading to an increase in vehicle repossessions. However, many lenders fail to recognize a critical opportunity in the repossession process: ...

Imagine it's the near future, and you've bought a new car with a self-driving mode. But hard times hit and you fall behind on loan payments – then, one day you find your car has driven itself away to ...

Coming out of the COVID-19 pandemic, the auto finance industry will face a number of issues when it comes to self-help repossession following a borrower’s default. A number of jurisdictions across the ...

Each state has a different statute of limitations on car repossession debt, including auto loans, with most ranging from three to six years. After the statute of limitations has passed on your debt, ...

From the lessee's point of view, the specifics of a repossession depend primarily on 1) the terms of the contract, 2) the payment history and 3) state law. Sometimes there's a little wiggle room – a ...

In this gripping episode of Judge Faith, tensions rise as a heated case involving text threats unfolds alongside a wild “Repo ...