Articles Under: Repossession

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SysLOCATE Launches BackTrack, Making Vehicle Repossession Seamless

San Diego, CA (PRWEB) May 6, 2008 SysLOCATE today announced the launch of BackTrackâ„¢, a new feature for the S2800 and S3000i GPS tracking units. The new feature gives buy here-pay here (BHPH) dealers the ability to view the last 50 historical stops over 30 minutes and two weeks of ongoing stops more than [...]

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Never has PPI Advice Been More Important Says Burgesses

Sara-Ann Burgess, MD Burgesses Braintree, Essex (PRWEB) November 25, 2008 Repossession, redundancy and recession are driving the need for good quality payment protection insurance (PPI) advice, according to Sara-Ann Burgess, director at PPI specialist Burgesses, and a longstanding campaigner for change in the market. Despite the emergency measures to kick [...]

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Government Moves Will Not Prevent Widespread Repossessions Says Burgesses

Sara-Ann Burgess, MD Burgesses Braintree, Essex (PRWEB) November 27, 2008 Government moves to prevent widespread home repossessions are doomed to failure, says one influential commentator. New moves aimed at preventing lenders taking possession of properties until after a three-month waiting period were announced on Monday. Other measures such as [...]

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American Recovery Service and Digital Recognition Network Deliver LPR Technology For Automotive Repossessions Through Advanced Servicing Model

El Dorado Hills, California (PRWEB) January 15, 2010 American Recovery Service/Skip Busters (“ARS/SB”) and Digital Recognition Network, Inc. (“DRN”) have developed the strongest partnership of License Plate Recognition (“LPR”) technology and a national automotive repossession servicing model in North America. Combining DRN’s best-of-breed LPR camera solution (“LPR2.0”) and agent Affiliate network along [...]

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The Corporate Whistleblower Center Goes After California Banks Who Overcharged Californians When They Recovered Their Repo’d Car Or Truck

Washington, DC (PRWEB) October 20, 2009 Americas Watchdog’s Corporate Whistleblower Center is initiating a state wide investigation in the state of California involving Major California Banks and other California financial companies, that may have, or may have tried to overcharge consumers who attempted to recover their repossessed car or truck. According to [...]

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Council of Mortgage Lenders (CML) Predict 53,000 Repossessions for 2010, Ask Financially Launches New Remortgage Guide Helping Homeowners Prepare

Nobody can predict what is going to happen in the future, but it is possible to ensure that the choices that are made today are informed decisions which benefit the current situation. Ask Financially was launched in 2004, by Ask Developments, offering the public free, independent information to assist with a range of financial and [...]

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Repossessions are Higher for Sub-prime Borrowers According to New BBC Survey

The BBC today announced that they have found in a recent survey that nearly half of all repossessions come from the sub-prime mortgage market. Many people who have debt issues have mortgages with sub-prime lenders. The sub-prime mortgage market makes up around 6% of total mortgage lending, according to the BBC Web site. Sub-prime mortgage [...]

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Less Premium Profit Could Reduce Repossession Slide Says British Insurance

If the number of families losing their homes to repossession is to slow down this year, lenders must reduce the cost of their Mortgage Payment Protection Insurance and ensure more customers have that financial safety net, should accident, sickness or unemployment occur, warns Simon Burgess from independent provider, British Insurance.

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Better Approach from Banks Will Help Borrowers, Says Burgess

A more constructive approach to repossession from high street banks will make a significant difference as the country begins to look ahead to a very tough 2009. A longstanding commentator on payment protection insurance (PPI), Sara-Ann Burgess, director at specialist firm Burgesses, said she was delighted to see Royal Bank of Scotland (RBS) extend the [...]

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Brokers Could be Liable for Leaving Clients Without Protection

Mortgage brokers could leave themselves open to possible legal action in the wake of a wave of projected home repossessions, warns Burgesses. New figures from the Council of Mortgage Lenders (CML) predicts that those standing to lose their home will jump from 45,000 this year to 75,000 next – a huge hike of 67 per [...]

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