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  • How Can a Creditor Repossess Property?
    Many Americans experience a time when their financial obligations become overwhelming and they are unable to pay all of their outstanding obligations on time. A debtor who defaults on a secured loan may face the threat of property repossession. A creditor can repossess property only if the creditor has a valid security interest in that property and if the creditor follows the proper … more
  • What is Wrongful Repossession?
    Secured creditors have the legal right to repossess property that is collateral for a loan under certain circumstances. That legal right is known as repossession.  If the creditor does not have the right to repossess the property or does not complete the repossession according to the requirements of the loan agreement and state law then the repossession is deemed a wrongful … more

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