I was on my way home from the doctors this afternoon when my 16 yr old son called me upset. He said some guy w/ a tow truck was there to take my car and he didn't know what to do.
Anyhow.....I was panicked....and freaking out....I never made a single payment late on the car.
That didn't matter, unfortunately.....the car was financed by my grandfather-in-law because we could not get a loan at the time. Because he didn't even have a drivers license anymore the car was insured and registered to us-- and then my husbands name and grandfathers name were on the title together.
My grandfather-in-law passed away suddenly back in May of this year. About 3 weeks after the death I called the bank the loan was through and kept records of everyone I talked to.
Basically, I needed to know what to do w/ the car and the loan. The whole while I just kept making the payments. They responded at the time that as long as the car was being paid on it didn't matter what we did w/ the car.
I also spoke to my mother who is a branch manager for a large bank-- and she told me the same thing. She see's it all the time. The bank would rather get their money every month than take the car back.
So......I've continued to make the payments on the car and everything was fine. I'd drop the payments off in the night deposit every month at the local branch and they'd send me receipt w/ a little thank you sticky note attached right to my address every month.
Well.....seems that doesn't work for them anymore. No notice-----no anything---they literally just came and took the car. The only person I could talk to at the bank gave me the name of the person who issued the repo order and told me they were not in. She apologized and said she's never really dealt w/ this type of situation before and doesn't know what to tell me.
I am at a loss....part of me cannot believe this was done w/o notice. Which I did check w/ my husbands aunt who lived w/ the grandfather and still lives at that residence. She says she's heard nothing.
Anyhow.....I was panicked....and freaking out....I never made a single payment late on the car.
That didn't matter, unfortunately.....the car was financed by my grandfather-in-law because we could not get a loan at the time. Because he didn't even have a drivers license anymore the car was insured and registered to us-- and then my husbands name and grandfathers name were on the title together.
My grandfather-in-law passed away suddenly back in May of this year. About 3 weeks after the death I called the bank the loan was through and kept records of everyone I talked to.
Basically, I needed to know what to do w/ the car and the loan. The whole while I just kept making the payments. They responded at the time that as long as the car was being paid on it didn't matter what we did w/ the car.
I also spoke to my mother who is a branch manager for a large bank-- and she told me the same thing. She see's it all the time. The bank would rather get their money every month than take the car back.
So......I've continued to make the payments on the car and everything was fine. I'd drop the payments off in the night deposit every month at the local branch and they'd send me receipt w/ a little thank you sticky note attached right to my address every month.
Well.....seems that doesn't work for them anymore. No notice-----no anything---they literally just came and took the car. The only person I could talk to at the bank gave me the name of the person who issued the repo order and told me they were not in. She apologized and said she's never really dealt w/ this type of situation before and doesn't know what to tell me.
I am at a loss....part of me cannot believe this was done w/o notice. Which I did check w/ my husbands aunt who lived w/ the grandfather and still lives at that residence. She says she's heard nothing.
Is there any way you can take out a loan quickly to pay the balance on the previous loan? 
