Just got REPO

shack

Ricardo wrote: »

I've heard that's what they do in the mountains of N.C. I'm pretty sure there's a name for them too.

Convicts.

Fongolio

I really hope it works out but bottom line is this....

Read and fully understand every statement/contract/agreement you are considering signing. Don't sign until you do.

My dad (79 years old) recently put his home with tri-plex attached on the market with a real estate agent. He then decided instead to sell to my brother. He tried to cancel the listing with the agent. Not so easy. Fine print said listing is for a year and if it is cancelled and the house sells within 3 months of cancellation he must still pay the full commission (over 20,000 dollars) to the real estate company and the agent. He ended up having to buy out the contract for $5000.00 even though the real estate agent did nothing. Was it legal? Yes, because he signed it. Moral? Not at all.

Know what you are signing and agreeing to BEFORE you sign.

TouchOfEvil

Talk about a bad deal, i hope things work out for you. Best of luck.

tcrossma

Fongolio wrote: »

My dad (79 years old) recently put his home with tri-plex attached on the market with a real estate agent. He then decided instead to sell to my brother. He tried to cancel the listing with the agent. Not so easy. Fine print said listing is for a year and if it is cancelled and the house sells within 3 months of cancellation he must still pay the full commission (over 20,000 dollars) to the real estate company and the agent. He ended up having to buy out the contract for $5000.00 even though the real estate agent did nothing. Was it legal? Yes, because he signed it. Moral? Not at all.

A bit of topic, but it costs time and money (often a lot of both) to advertise and sell a house. If you were a Realtor you probably wouldn't be too happy if you spent time on a half dozen open houses, advertisement, being there for the weekly tours, customer visits, showings etc and then have the owner sell to a family member and be left with nothing.

Just my 2 cents. I'm not in the business, but I've bought and sold a few houses and most (not all) of my Realtors have been very hard workers.

And just as a side note: a 1 year contract, wow. I would never do more than a 6 month, with a 3 month being much preferred. If a Realtor is not living up to your expectations I want to be able to move to a different one.

CaligulaPolk

Guys i really appreciate your advices and support..

Like i said we learned a lesson here and next time wont happen.

lol at wizzy comment, this is how i feel but i aint doing it. It sucks, yeah!!

dkg999

I would write a letter to the ACLU branch office in the state you bought the car in and that is governing the contract. Sometimes they get their shorts in a bunch over things like this, and maybe they would view it as an undue restraint on your freedom. You just never know with the ACLU.

I would also look for a good investigative reporter with a local to where you bought the vehicle newspaper. I would again send them a summary of the situation and follow-up with the details and documentation upon their request. Sometimes a good investigative reporter with a hot lead like this will also know which local attorney might want to get some PR with a case like this, and forward the lead.

You just have to be careful with media attention if you also have an attorney or ACLU involved. I'd send this to the ACLU and see if they respond prior to sending to the media.

Wizzy - that falls under the things we think but don't say or write category.

ohskigod

I have a feeling that the fact you did the financing through the dealership itself is the issue.

here is the problem (especially if the car is still titled i the name of the dealership), if they are leasing/financing and that car goes to another state, that give's them "Nexus" or presence in that state that could triger tax liabilities.

there probably is a clause in the contract that says the car cant leave the state for any reason.....I've seen it before (it is also why i telll any and everyone to avoid having the actual dealership be the financer, even if the dealer is on the contract, it better at least be sold to a non captive finance outfit like GMAC, Chryslerfinancial, Ford Motor Credit, etc.)

I got a genuine feeling your screwed 6 ways to Sunday on this, you wont even be able to buy the car back (as the dealer will know damn well your taking it back to FL.

the worse news? the dealer will sell this car at a dealer auction, and you will get @ssraped for whatever equity you have in the car.

Man, I wish I knew you were going that route before you bought.

seeclear

dkg999 wrote: »

Wizzy - that falls under the things we think but don't say or write category.

No kidding! Isn't this Philly we're talking about? You never know if the dealer is connected, you might have to start worrying about your own knees if you took that tack.

dkmuch

shack wrote: »

I'm sure your business law class had a lot of good information.

I would be willing to bet this particular dealer/lender is operating within the bounds of the law. It is what they do. They typically know the law and know exactly what they can put in the contracts. I would be willing to bet they have gone to court before on this same issue...and won. This will never go to a jury. Fighting this will only cost the buyer a lot more money unless he can find someone to take it as a pro-bono case...again unlikely.

IANAL either, but I've had some b-law classes as well business experience. Shack seems to be right on in everything he has said. Unless this dealer just set up shop, I'm sure their contracts have been vetted and exercised numerous times.

Something similar happened to a relative who's BIL was a "hot shot" lawyer (at least in his own mind).

The lawyer fought for years (not exclusively or continuously, but over time). In the end he "won" by having the relative pay their court cost!! In other words, the relative still owed everything, still had to pay their court cost, they just agreed to waive penalties during the years of dispute!! There was plenty of evidence of malfeasance and even fraud and deception on the dealer's part. In the end, the witnesses even changed their minds miraculously.

Low-end car dealers are WORSE than drug dealers. They are legal criminals. They are organized crime who use law and contracts against individuals. But it's still easier just to pay off the crime bosses and move on with your life.

wizzy

wizzy wrote: »

He will get the message soon. If he thinks you will go through lawyers and courts he will laugh in your face. If he doesn't call your bluff and believes you are going after his wife and children, his attitude will begin to change.

The point being here one does not actually take it to the next level. You don't actually proceed to blowing off someone's kids knees, that would be very f*cked up and just wrong.

snow

wizzy wrote: »

Just have a friend call the owner up from a Pay Phone. Have the friend explain the situation nicely. Tell the owner that (you) have no idea he is calling you, this is all being taken care of by friends and you have no knowledge of it.

Then your friend informs the dealer that they will be expecting him to call you and apologize and have the car on a tow truck heading to Florida tomorrow, or expect bad things to start happening.

If it doesn't happen the next day, then the day after that get a sniper rifle and blow out the windshield and a couple tires off the guys car. Then have your friend call again from a different pay phone. Tell him next time it will be his wife or child's knees.

He will get the message soon. If he thinks you will go through lawyers and courts he will laugh in your face. If he doesn't call your bluff and believes you are going after his wife and children, his attitude will begin to change.

Im not sure if your aware of this but it's against the law to make threats let alone blow out someones windshield and tires. In todays world even suggesting someone else doing this may well be a crime. If I was you I would be PMing Patrick Doro RusSmAN and anyone I could to get this post deleted. Whether you know it or not Big Brother is watching and listening to everything that is online. You ever notice that sometimes someone will make a post about something then soon after a new member account will appear with a message about that subject matter? If business robots do this trust me so does Big Brother.



REGARDS SNOW

lightman1

Crazy weird, is it not?

snow

lightman1 wrote: »

Crazy weird, is it not?

As Bob would say the times they are a changing. Ever since the whole 9-11 thing this world is not and never will be the same. There are lots of new laws on the books concerning terroristic threats and conspiracy to commit such acts and the like, Whether you mean it or not I would never even consider telling someone to threaten someone else over the phone or online, it can and will be taken seriously.

Every phone call everywhere is monitored for key words by computers that listen and record these conversations and PH#S if keywords are said, this has been going on for quite a while now. Believe it or not



REGARDS SNOW

lightman1

YO Dawg!That shizznit is the bizzomb, fo shizzle!Izzle a gazzile they won't Uzzzunderstanzle fus.

Polkitup2

lightman1 wrote: »

YO Dawg!That shizznit is the bizzomb, fo shizzle!Izzle a gazzile they won't Uzzzunderstanzle fus.

That's definately going to throw up some red flags. Feds are going to be all over us

wizzy

snow wrote: »

Every phone call everywhere is monitored for key words by computers that listen and record these conversations and PH#S if keywords are said, this has been going on for quite a while now. Believe it or not

I believe it, I work in networking and have helped install some of the systems the gov't uses to monitor citizens on the Internet.

The gov't through a series of "minor" rulings by the FCC through the 2000's put the small independent ISP out of business. This was designed such that it would funnel a majority of citizens into using by choice (price) or force (no competition) the telcos & cable cos for exactly that reason.

The gov't understood that "tapping the lines" would be much easier if a handful of companies (bells and cable cos) controlled the Internet access market.

This is why it was deemed necessary to change rules on access and competition to make it such that the wealth on mom-n-pop access providers we had in the 90s/00s could not (for the most part) continue to survive and compete against the bells/cable into the future as we became a connected society.

W

polktiger

Shack's comments are on point. This comes from experience with car dealership clients (some of whom are buy-here pay-here operations).

While I don't have experience in PA. What has been described is acceptable (under the law) in my experience. The one option you should have had was to payoff the loan. I didn't see anything about that written, but you could have gotten a new loan from a lender where you live now to pay off the purchase financing.

From the dealer's prospective, these protections are necessary. When you have a buy-here pay-here deal, it is 95% of the time a sub-prime financing deal. You don't buy from a buy-here pay-here dealer if you can get other financing because most people find the terms unacceptable. Making the lender whole after a repo is necessary. Otherwise, borrowers would trash the car, quit making payments and let the dealer repo a worthless car. Sure their credit would be hurt, but they are already a buy here pay here customer so odd as their credit sucks anyway.

wizzy

polktiger wrote: »

When you have a buy-here pay-here deal, it is 95% of the time a sub-prime financing deal. You don't buy from a buy-here pay-here dealer if you can get other financing because most people find the terms unacceptable.

True. I just got a loan on a car, paying about 33% down (I hate being upside down) and all I did was call my bank and say "run my credit, I want $XX dollars, to buy car XYZ"

There reply was "oh, credit score is well over 800. here's a check. don't bother filling out any paper work, signing any documents, or providing any proof of income. thank you, come again"

Took all of about five minutes on the phone.

Still hated doing it, prefer paying cash, but I've been getting a new business going for the last few years and sacrificing immediate cash in hopes of something better in the long term.

W

mmadden28

wizzy wrote: »

I believe it, I work in networking and have helped install some of the systems the gov't uses to monitor citizens on the Internet.

...

I'm sure your employers didn't have you sign any NDA's or submit to protecting any classified information for anything like that since you mentioned it at all; So please, tell us more.

CaligulaPolk

My court today was cancelled and got continuanced date because the judge didnt get an ASL interpreter. JEEZ!!!

huggies

So when do you go back to Court? Find another vehicle?

CaligulaPolk

huggies wrote: »

So when do you go back to Court? Find another vehicle?

dont have date yet, we are still looking for vehicle for my wife and i want my jeep back i may take on neighbor's offer to help find car. he works at bmw dealership and hes not home during weekdays. he works 2 hours south and has apartment there for weekdays.

everytime we went to look for another car, im still reminded of that shady dealer becuz i have to do this all over again, search and pay for another car..

still pisses me off! But im gonna let it go and let lawyer work on his magic. HOPEFULLY!!!

Kex

CaligulaPolk, it might be time for you to get your free annual credit report, if you will be buying another car soon. You could then check if something negative is going to show up when you try to buy the new car.

If you don't want to pay for it, you could consider ordering any one of the three for free, every four months, to get "regular" updates during any twelve month period (instead of ordering all three at the same time, in which case you would not be able to get free updates for twelve months), or you might consider paying for monitoring for the next six months or so, to keep an eye on things.

CaligulaPolk

Kex wrote: »

CaligulaPolk, it might be time for you to get your free annual credit report, if you will be buying another car soon. You could then check if something negative is going to show up when you try to buy the new car.

If you don't want to pay for it, you could consider ordering any one of the three for free, every four months, to get "regular" updates during any twelve month period (instead of ordering all three at the same time, in which case you would not be able to get free updates for twelve months), or you might consider paying for monitoring for the next six months or so, to keep an eye on things.

alreay done that lawyer is getting that report too