All the latest news relating to the Repossession/Recovery Industry, national and international.
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Latest News [ 22 ]
- Vehicle repossession goes wrong in Elk River
- F&I managers will see more lenders putting electronic tethers on loan payments by Donna Harris
- What Do Lenders Value Most from Repo Partners? By Joe Miller, AutoIMS from Auto Remarketing
- Man shoots himself in arm after fighting with repo man
- Repo Man Injured By Driver In Fairborn
- Repossessor advises banks against reclaiming aircraft by Mark Huber
- Consumers Can Now Select Special Chrysler Incentives – from AutoRemarketing
- Direct, Indirect Auto Loan Delinquencies Improve – from AutoRemarketing
- “Repo-Madness” – New Report Is a Must-Read
- ‘Repo-man’ alibi didn’t fool Duke City residents
- Scammers using Web to rip off car buyers
- GM acquisition of AmeriCredit Corp for 3.5bn seen as a big mistake
- One Ugly Auto Dealer Trick Down, The Rest? Status Quo
- Russia plans auto loan-backed bond as car sales surge
- Chrysler Financial may lend big again
- The Bailout, One Year Later: Where Are They Now?
- Summerville woman charged with attempted murder of repo man
- Tow Truck War Erupts in Philadelphia After Driver Allegedly Shoots Towing Rival
- Former college dean has car repossessed during trial
- Nod for car repossession without court order
- Alpena man mulling plea deal in felonious assault case involving repo man
- More private planes repossessed
Columns and Features [ 5 ]
Other [ 1 ]
Technology [ 2 ]
Boat repo business is cruising in Michigan
Jeff Henderson's marina is packed with boats for sale -- big boats. With the boating season about to begin, he's got a 64-foot Sea Ray and a 51-foot Tiara for sale. Want some speed? There's a 48-foot Fountain. Better known as the Repo Man, Henderson has captured the vessels for banks hoping to sell them and recoup some of their losses on loans gone bad. That can mean major deals for... Continue »Fortum Unveils Free LPR Camera System for Recovery Agents
DALLAS (May 13) --- Fortum Corp., a leading provider of license-plate recognition (LPR) technology to the repossession and recovery industry, today announced an exciting new program that will provide free camera systems to approved agents. Along with receiving a free, fully functioning, two-camera LPR system, approved agents will also become part of Fortum Recovery's national forwarding... Continue »Mercedes repo job escalates to pepper spray
CHARLOTTE, NC (WBTV) - A routine automobile repossession of a Mercedes escalated into a dangerous conflict on Wednesday, with mace being sprayed at one point and a the repo men using tracking devices to chase down the car. According to Charlotte-Mecklenburg Police, two employees of J & D Towing and Recovery, Andrew Scott Jordan and William Michael Dudley, went to 558 Fairwood Avenue... Continue »How Facebook Can Be a Friend to the Recovery Industry
Nick Zulovich, Staff Writer - AutoRemarketing ESCONDIDO, Calif. — Premier Recovery Service received a repossession assignment earlier this year and immediately went to work on tracking down the collateral near where the contract originated in San Diego. Searching for the debtor through Facebook revealed the vehicle wasn't anywhere near the agent's home base or even in southern... Continue »Father, son sentenced in repo threats
AUSTIN, Minn. (AP) -- A father and son from southern Minnesota have been sentenced for allegedly threatening two men who tried to repossess a vehicle. Fifty-year-old Mark Pearce of Brownsdale and his 22-year-old son, Steven Pearce, both pleaded guilty to misdemeanor disorderly conduct Wednesday. Judge Donald Rysavy sentenced the father and son to 90 days in jail, stayed for one... Continue »Repo Biz Booming In Recession
Many businesses owners are feeling the pinch from the recession - but the tough times are stimulating other enterprises. One of those reaping the benefits - the dangerous work of vehicle repossession. Local 12's Rich Jaffe takes us for a ride with the repo man. After the sun goes down, like an avenging angel from the dark world of finance Josh Katz prowls the streets of the ... Continue »Proposed regulations take aim at automobile loans
Washington - Robert Mims of Greenfield says he works two jobs to make the car payments on a 2005 Ford Taurus he bought four years ago for about $13,000. The payments - about $17,000 so far - already amount to more than what the car is worth, but he's nowhere near paying off his car loan. Mims, who has a bankruptcy on his credit record, says he left the dealership under the impression... Continue »OPENLANE Spearheads Industry Shift Toward Online Remarketing of Repossessed Vehicles
REDWOOD CITY, Calif.--(EON: Enhanced Online News)--OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy wholesale vehicles from dealers, institutional lenders and other entities, today announced the company is leading the industry in providing innovative online remarketing programs for vehicle repossessions and in... Continue »Katrina survivors question repossessed car
CHARLOTTE, NC (WBTV) - Rose Jones and Mark Earnest didn't plan on leaving New Orleans. Hurricane Katrina changed a lot of lives in the city's Lower 9th Ward. "We went from the helicopter to the plane," said Jones. The plane landed in Charlotte in September of 2005. Jones and Earnest had few belongings and knew no one. About the only thing they did have was a check from the Federal... Continue »Hudson man jobless following boss’ arrest
HUDSON, TX (KTRE) - Last week, life was normal in William Altenreid's world. "I was in Louisiana tracking down a truck," Altenreid said. He's repossessed hundreds of cars for American Auto Sales. "Me and my guys, we'd go through the inside of the car and make sure there's nothing illegal in it, but that doesn't mean like under it or anything else," Altenreid said. "We'd just look... Continue »MoCity Resident Shoots At Repo Man
A 57-year-old Missouri City man was arrested yesterday after shooting his shotgun in the direction of a wrecker driver who was repossessing the man’s truck for lack of payment. According to reports, the wrecker driver showed up at Gerald Rivers’ house in the 16100 block of Morgan Run around 11 p.m. last night. He hooked the Ford F-150 up to the tow truck, then said he knocked on... Continue »Repo man’s car gets repossessed
FARMINGTON — A tough economy is not the only problem facing one repo man accused of assaulting another one who repossessed his vehicle for non-payment. Jeffrey Swart, 49, was arrested and charged with fourth-degree felony false imprisonment and misdemeanor battery after he pepper sprayed and blocked all exits for a tow-truck driver who was employed to repossess Swart's 2004 Ford Mustang... Continue »Wheels fall off Cleburne car repo
Someone apparently forgot to check under the hood before repossessing a car purchased from Downtown Motors in Cleburne. The car company reported to police on Monday that the vehicle was repossessed after the buyer fell behind on payments. Repossession didn’t remedy the problem, however. With the car back in their lot, they discovered that it was missing some key components: the engine... Continue »“Auto repossessions, so common now-a-days”
Repossession happens every now and then after the global crisis which has led many people to quit the dream of owning a car. On one side banks, financial institutions and other lenders were not releasing enough credit for people to obtain a loan and on the other side consumers who were already suffering from a low credit score were unable to pay off their debts and installments of their... Continue »Used car lot leaves a Cape Coral man high and dry – We get answers
A Cape Coral man goes to a used car lot with some cash and a trade in -- but ends up with nothing! He spent all week trying to at least get his cash back, but he couldn't -- so he came straight to Fox 4's Tyisha Fernandes... Four in your corner wants to know -- Why is the dealership holding on to this guy's property? "As far as I was concerned and as far as my salesman was concerned, ... Continue »Limos Reposessed On Prom Night
Jenks - Prom 2010 will be more memorable for one group of area high school students. When they arrived in their rented limousine, a strange man pushed their driver aside and took off with the vehicle. Landon Wiland and his friends had just pulled up to the Oklahoma Aquarium Friday when it happened. "We were like wow this is crazy," said Landon Wiland. He and his friends were riding in... Continue »Repo man attacked in Upper Darby
UPPER DARBY — A repo man retreated when he heard the distinctive sound of a racking gun and quickly obeyed a directive to let the truck down, police said. “It’s a dangerous job,” police Superintendent Michael Chitwood said of repossessing motor vehicles in default. “He could have been shot. Luckily he didn’t wait around. He left immediately and called police.” Robert... Continue »Dentention officer fired after shooting at repo man
SAN ANTONIO, Texas — A former Bexar County detention officer was ordered to permanently surrender his peace officer's license Thursday after pleading no contest to shooting in the direction of a repo man who was towing his truck. Jesse Alva, 57, also was ordered by state District Judge Philip Kazen to attend anger-management classes and serve five years of deferred adjudication... Continue »Repo man threatened with handgun, Las Cruces suspect arrested
LAS CRUCES - Police arrested a Las Cruces man Tuesday evening after he pointed a handgun at a repossession agent and demanded he leave the property. Thomas Garcia, 28, of the 5100 block of Melody Lane, is charged with one count of aggravated assault with a deadly weapon. Garcia was transported to the Doña Ana County Detention Center with bond set at $5,000. Shortly after 7 p.m.... Continue »Man charged with impersonating a cop
ALBUQUERQUE, N.M. (KRQE) - He wears a badge and gun but he is no cop, he is a repo-man, but the Sheriff's Department said he crossed the line when he claimed to be an officer during one repossession attempt. Tony Romero is charged with impersonating a police officer. Sheriff's detectives said on Saturday Romero showed up to repossess a car with a gun on his hip and a badge around ... Continue »Gary’s airport serving as a repo depot
Facility gets $525 per month to park repossessed planesGARY | Passenger airliners are lining up at Gary/Chicago International Airport. No, it's not a new airline. They are just planes snatched from airports around the world by the company of noted local repo man Nick Popovich. So far, three Airbus A320s and a parts-stripped Boeing 737 are lined up on the apron near a Gary Jet Center... Continue »From AutoRemarketing – Allied Finance Adjusters Challenges Agents to Clean Up Industry
AN ANGELO, Texas — In preparation for its 74th annual training conference and seminar this week in San Diego, the president of the Allied Finance Adjusters Conference reiterated points that have been echoed by recovery agents from throughout the country. George Badeen issued a message to the conference's membership and anyone involved with repossessing vehicles about the importance of... Continue »Affordability drives sales in used vehicle market
Burchmore's, the vehicle auction house in the McCarthy Motor Holdings group, expects the used vehicle market to remain strong because of consumer affordability. It has shown its confidence in the future growth of this market by investing R40 million in a new megastore in Cape Town. Darryl Jacobson, the managing director, said Burchmore's had decided to make this investment because of... Continue »GA commissioner allegedly pointed gun at repo man
ATLANTA (AP) - Former Forsyth County Commissioner Eddie Taylor faces aggravated assault charges from a January incident when an auto repossession worker says Taylor pointed a gun at him. Captain Frank Huggins of the Forsyth County Sheriff's Office says the worker showed up at Taylor's home on January 20 to haul away his Hummer. The worker told investigators Taylor came to the door of... Continue »Must See
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[...] MANAGE – Do you do this? ... Continue »
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