California Repossession Law Blog

Adam Levitan, a blogger on Creditslips.org, writes about a reality series on TruTV, available on the Internet, called Operation Repo. They show clips of brawny repossessors on assignment in the San Fernando valley.

Levitan writes that he is sure they only show the more dramatic repos on TV, but was struck by was how often the repos "breach the peace." People are routinely getting pepper-sprayed or shoved or put into headlocks as they try to stop the repo actions. Occasionally someone pulls a gun on the repo men, and they back off.

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AOL Autos online reports that as the economy sinks, repossessions are increasing. Major auction houses like Manheim Auto Auction report increased sales of repossessed autos. A repo professional in Orange County said the firm just had its best month. He said his firm was "popping" luxury cars from owners who were upside down on their house and cars. The repo man added he sometimes wished business were not so good proving even repo men have a heart.

The AOL Autos article describes the repossesion process starting with the repossesson and eventual sale of the vehicle at auction houses. The repossessed vehicles generally sell for what other vehicles sell for at the auction house with the main variable being the condition of the vehicle.

Posted by Mark F. Anderson | Permalink | Email This Post

Posted In: Repo Business

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