Are repossession laws different for different types of items?

Answer by  Sullislug (46)

In general the principle is the same. First the debtor must be notified that they owe payment. Then the creditor delivers a notice of intent to seize the property to pay off a debt. After that the propery is repossessed and sold to pay off the orignal debt.

Answer by  Dean (4035)

Any item that has a financial lien against it (a mortgage house, financed car or motorcycle) is subject to repossession if the terms of the contract are violated. Each state has a specific procedure for petitioning the court to allow for repossesion, whether it is real property or personal property.