I work for lienholder. Our customer/borrower decided she would repo her own car from her ex-boyfriend when he refused to give it back to her. She called a forwarder she found on-line that says they do repo in any state. She signed the forwarder's repo authorization before reading it. Forwarder's authorization has small print that says they can charge 20% of vehicle value, plus towing costs for doing repo.
After the repo, she called forwarder to find out where she could pick up her car. They sent her a bill for $5K and said she had to wire the money to a bank in Ohio before they would tell her where it was. As lienholder, we are now involved to get our collateral back. Forwarder refuses to give us location of vehicle unless we wire the $5K, with storage fees accruing daily. We have hired private investigator and lawyer, but they have been unable to find vehicle's location or any solid info on forwarder. The repo took place in Maryland so forwarder had to have used someone in that location. We called county police to find out who said they were doing the repo, but police only took down vehicle VIN and address (by phone) and failed to get name of the company that picked up the car. Any ideas on how we can locate this vehicle?
After the repo, she called forwarder to find out where she could pick up her car. They sent her a bill for $5K and said she had to wire the money to a bank in Ohio before they would tell her where it was. As lienholder, we are now involved to get our collateral back. Forwarder refuses to give us location of vehicle unless we wire the $5K, with storage fees accruing daily. We have hired private investigator and lawyer, but they have been unable to find vehicle's location or any solid info on forwarder. The repo took place in Maryland so forwarder had to have used someone in that location. We called county police to find out who said they were doing the repo, but police only took down vehicle VIN and address (by phone) and failed to get name of the company that picked up the car. Any ideas on how we can locate this vehicle?
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