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Repossession News Stories and News
Articles |
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Everyone loves a good
repossession story, we have compiled some interesting repossessor
news stories here for you. Please feel free to email us any
repossession related news stories you would like us to include in
our collection.
Add Your News Story
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Practicing Law without a License |
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A New York man who is not
an attorney, will return more than $5,000 to New York residents who
hired him to prepare legal paper work.
William Slote, doing business as “Repo Justice,” traveled to local
courts in Broome, Chenango, Tioga, and Cortland counties to obtain
records identifying the names and addresses of consumers who were
being sued for defaulted automobile loans. He then approached these
consumers with offers to represent them for fees of up to $225 for
investigation and preparation of legal papers. His defenses were
rarely, if ever, successful.
“Unqualified and untrained individuals posing as lawyers and
attorneys present a threat to the well being of those they profess
to protect,” said Attorney General Andrew Cuomo.
As a result of the complaint settlement, William Slote has agreed to
refrain from soliciting clients or drafting legal documents. He will
pay $5,400 in restitution to the 38 consumers he charged for his
services, and he will pay a civil penalty of $2,000. In addition,
Slote has agreed to pay restitution for any other consumers who file
complaints with the Office of the Attorney General that show they
paid Slote for legal services.
Consumers with complaints about William Slote or Repo Justice are
encouraged to contact the New York Attorney General’s Consumer
Helpline at 1-800-771-7755.
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100 Repossessions a Night |
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On any given night,
repossession companies pick up about 100 cars from San Antonio
streets, alleys and driveways.
For employees of Prime Time Adjusters, every night could be an
adventure. Under the cover of nightfall, they move in to get their
target and move out — all in a matter of seconds.
"I have to support my family just like everyone else does," repo man
Leroy Rodriguez said.
They have to be prepared for anything to happen.
"He has put the threat of violence out there to us, that he's going
to do whatever it takes to keep the vehicle," repo man Mike Waldron
said.
Waldron has been repossessing vehicles for 18 years, and there's
nothing he won't repossess.
"I've picked up Lamborghinis, limos. I've repossessed even
livestock," Waldron said.
The business is dangerous, and there's one thing he will not do:
work alone.
"I been shot, stabbed, hit with a bat, and sliced with a box
cutter," Waldron said.
The repo business can be dangerous, and that is why they work in
teams.
"You're not bullet-proof when you're out here. You always got to
watch your back," Rodriguez said.
This is how a vehicle is repossessed:
First, field investigators find out where the vehicle is kept.
Next, tow truck operators make their move late at night in either a
conventional tow-truck or a hideaway truck. The hideaway trucks are
regular pickups, like a Ford 250 Super crew, except there is a towing
mechanism hidden in the bed of the truck.
"We don't break (and) entering, break into garages to get a vehicle.
There's laws and guidelines we have to follow in the state," Waldron
said.
The circumstances behind why people fall behind on their payments
and lose their cars range from divorce to health issues to
unemployment. Taking a car from someone who has fallen ill sometimes
makes it hard for the men to do their job.
"When they come out and tell you their life story, you can't get
attached," Rodriguez said.
Security Service Federal Credit Union handles about one in four car
loans in the San Antonio area. They say less than 1 percent of
debtors actually become delinquent, and they do everything they can
to work out an alternate payment plan.
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Repossession News Stories and News
Articles |
|
Everyone loves a good
repossession story, we have compiled some interesting repossessor
news stories here for you. Please feel free to email us any
repossession related news stories you would like us to include in
our collection.
Add Your News Story
|
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Repo Man Wanted |
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07/29/2009 -
Now Hiring: Job openings for repo men with experience or good
training. We supply you with a repo truck and gas. Experienced
repo men only.
Apply Now!
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