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Posted on 12/22/15 at 8:22 pm to 13SaintTiger
IDGAF have a down vote
Posted on 12/22/15 at 8:51 pm to Strannix
Do all bank repossessed vehicles get sent to auction? Just curious
Posted on 12/22/15 at 8:54 pm to saderade
quote:
Do all bank repossessed vehicles get sent to auction? Just curious
I'm fairly certain that you can't repossess vehicles in Louisiana. I don't think self help is available for a creditor. You have to go to court and get a writ of fifa. That's the best explanation as to why Louisiana doesn't have Cajun Repo or some other "reality show" based on repo men.
Posted on 12/22/15 at 8:56 pm to UpToPar
What's your take on this guys situation
Posted on 12/22/15 at 8:57 pm to Strannix
$5000 worth of accessories on a motorcycle seems like a good solid financial decision when you work in a volatile industry.
Posted on 12/22/15 at 8:58 pm to saderade
quote:I believe they can dispose of them internally. Like foreclosed upon real estate. I know of several Credit Unions that regularly sell off repo'ed rolling stock (boats, cars/trucks/rvs, four wheelers, etc.) but usually don't make any great deals. I USED to know a CFO of a Credit Union and that wasn't a bad deal....
Do all bank repossessed vehicles get sent to auction? Just curious
This post was edited on 12/22/15 at 9:00 pm
Posted on 12/22/15 at 8:58 pm to stout
quote:
$5000 worth of accessories on a motorcycle seems like a good solid financial decision when you work in a volatile industry.
I don't even think it was a road bike. It seems like its a dirt bike or ATV.
Posted on 12/22/15 at 9:01 pm to UpToPar
quote:
I'm fairly certain that you can't repossess vehicles in Louisiana.
There is a large firm in NOLA that disagrees with you. They cover the whole state and repo vehicles for creditors.
I am not sure of the legal side and if it must go through sheriff sale like real estate but I see vehicles listed constantly in sheriff sale listings.
This post was edited on 12/22/15 at 9:04 pm
Posted on 12/22/15 at 9:03 pm to stout
quote:
There is a large firm in NOLA that disagrees with you. They cover the whole state and repo vehicles. Look at your local upcoming sheriff sale and you will see repo vehicles scheduled for auctions constantly.
I just looked it up. You can do it, but you have to jump through plenty of hoops. So much so that it is almost easier to just go through the court system.
LINK
Posted on 12/22/15 at 9:06 pm to UpToPar
I made an edit to my post.
I will tell you that the firm from NOLA would rather get you to pay your note than to actually get the vehicle back. They make more that way from the creditors. I know a girl that works there and she has told me stories.
I will tell you that the firm from NOLA would rather get you to pay your note than to actually get the vehicle back. They make more that way from the creditors. I know a girl that works there and she has told me stories.
Posted on 12/22/15 at 9:06 pm to stout
quote:
There is a large firm in NOLA that disagrees with you. They cover the whole state and repo vehicles for creditors.
I am not sure of the legal side and if it must go through sheriff sale like real estate but I see vehicles listed constantly in sheriff sale listings.
Let me be clear. By repossess, I mean by using a repo man, i.e., someone other than the sheriff.
Posted on 12/22/15 at 9:09 pm to Strannix
On another note, who finances a SXS for four years!!! 
This post was edited on 12/22/15 at 9:09 pm
Posted on 12/22/15 at 9:12 pm to Strannix
It's all over my Facebook as well.
One thing that I found hilarious, while what repo guy did is a total dick move I found it funny that instead of contacting the bank and/or police he apparently immediately sent the Internet police on the guy. This all happen after business hours today. I'd think any sensible person would at least contact the lien holder and perhaps the cops and make an attempt to go through the proper authorities before turning him over for Internet justice. Both dudes look like asses right now, repo guy for what he did, Maverick owner for Facebook chest pounding.
One thing that I found hilarious, while what repo guy did is a total dick move I found it funny that instead of contacting the bank and/or police he apparently immediately sent the Internet police on the guy. This all happen after business hours today. I'd think any sensible person would at least contact the lien holder and perhaps the cops and make an attempt to go through the proper authorities before turning him over for Internet justice. Both dudes look like asses right now, repo guy for what he did, Maverick owner for Facebook chest pounding.
Posted on 12/22/15 at 9:14 pm to UpToPar
quote:
By repossess, I mean by using a repo man, i.e., someone other than the sheriff.
Yes someone other than a sheriff can come repo your vehicle in Louisiana. IIRC that place in NOLA pays like $300 per vehicle which isn't worth getting shot at.
Posted on 12/22/15 at 9:15 pm to Strannix
Oilfield trash problems
Posted on 12/22/15 at 9:15 pm to stout
quote:
Yes someone other than a sheriff can come repo your vehicle in Louisiana.
Yea, you can, but it's very restricted. Much more so than other states.
Posted on 12/22/15 at 9:18 pm to UpToPar
I have no idea what point you were trying to make
Posted on 12/22/15 at 9:21 pm to stout
quote:
I have no idea what point you were trying to make
I wasn't trying to make any point. I thought you couldn't repossess in Louisiana. I was wrong. You can do it, it's just more difficult to do it here than in other states.
Posted on 12/22/15 at 9:21 pm to UpToPar
Gotcha 
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