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things left in a repossessed car has to be held for how long before it can be given away or tossed
Posted in: Auction FAQ | | Comments (4)
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There really is no "law" as to how long you must hold on to it. Some repo outfits will give you 30 days or so out of courtesy.
This, however, is straight off the ftc.gov website–>
"Regardless of the method used to dispose of a repossessed car, a creditor may not keep or sell any personal property found inside. In some states, your creditor must tell you what personal items were found in your car and how you can retrieve them. Your creditor also may be required to use reasonable care to prevent anyone else from removing your property from the car. If your creditor can’t account for articles left in your vehicle, you may want to speak to an attorney about your right to compensation."
Comment by ElGrande — July 1, 2010 @ 9:03 am
It is repossessed so if you give it to the enforcement, they probably won’t give it back to the people, so unless you personally know whose it is, then I would say it is safe to be tossed. You can hold on to it for awhile if you’d like, to be safe.
Comment by Brittney Leigh — July 1, 2010 @ 9:03 am
the owner of the property has to be notified in writing and given a date for disposal of the property, this is usually done by certified mail.
Comment by bajakma — July 1, 2010 @ 9:03 am
This is regulated by your state. Different states, different laws.
Generally you are responsible for the personal items that were in the car and must use reasonable care to store them for this person. You have to notify the defaulting party as to where they can pick up these items.
Check with the department of finance in your state. This is the branch of state government that regulates all matters relating to consumer finance.
good luck
Comment by fencepro — July 1, 2010 @ 9:03 am