Do all states all repossession?

Answer by  patti (29325)

All states have laws that provide a vehicle for lenders to recover property when the borrower defaults on the loan. Details of the process may vary from one state to another, but the protection afforded the lender is ultimately the same.

Answer by  withluck (1745)

All states have repossessions as a way solutiion to unpaid debt secured by property. Personal property is generally repossessed and real property, like land or homes, is foreclosed. Each state does have different laws regarding the rules for repossessing, and they are very specific.