Announcement

Collapse
No announcement yet.

Need Advice on Forwarder Nightmare

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Need Advice on Forwarder Nightmare

    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?

  • #2
    this is another fine example of why you do not do private party repo's

    Comment


    • #3
      I would wait for the notice of lein to be filed then maybe that will identify where the vehicle is? Is a fax copy a legal binding contract in your state? Sucks to hear that another repo firm is screwing you over. Can you report it stolen since they are holding it for randsom? I know out here we cant hold vehicles for civil debt.


      Hope all is well in the end!

      Comment


      • #4
        There seems like some info missing here......

        Yes there are ways to find them still....

        Even though I do not take work from forwarders, and I do not like them, I am not throwing any info out being that I have no idea who you are.....

        tell us the whole story (THE REST OF THE STORY THAT YOU HAVE NOT POSTED HERE)

        Comment


        • #5
          Originally posted by Patriot Recovery View Post
          There seems like some info missing here......

          Yes there are ways to find them still....

          Even though I do not take work from forwarders, and I do not like them, I am not throwing any info out being that I have no idea who you are.....

          tell us the whole story (THE REST OF THE STORY THAT YOU HAVE NOT POSTED HERE)
          I feel the same thing, there is something missing

          Comment


          • #6
            I agree,there has to be ALOT missing.This is NOT a reason to NOT do private Party Repossessions.Is the company that she hired licensed to do business in that state or area??You must know that there is NO nationwide repossession company.I would read the contract in its entirety.What state was the vehicle repossessed in? Is the company licensed in the respective state?? Do they have a business license??I am assuming that you have a telephone number for them.These and other questions should be able to be answered very very quickly and easily.I do private party repossessions on a regular basis and I charge a minimun of $1250.00 with a $500.00 retainer up front..have been doing so for at least 8 years.I am in California.....a license required state.If you have more questions please feel free to call me...Ken 510-569-1861.
            Surety Recovery Service,Incorporated
            Oakland,California
            "The Recovery Specialists"
            Repossessions - Investigations - Bail Enforcement
            1-866-803-7376

            Comment


            • #7
              Originally posted by arsrepo View Post
              this is another fine example of why you do not do private party repo's

              As a matter of fact...had she contacted him she would not be in this pickle.Ken
              Surety Recovery Service,Incorporated
              Oakland,California
              "The Recovery Specialists"
              Repossessions - Investigations - Bail Enforcement
              1-866-803-7376

              Comment


              • #8
                This sounds to me like someone fishing for info on their own situation......

                Comment


                • #9
                  Sounds BS. Maybe it is the forwarder that called me and stated his company was John Doe Recovery from Sacramento CA. Pays no close, no storage, no keys, and wants delivered to auction 205 miles away for a wopping $275.00.

                  Comment


                  • #10
                    Originally posted by Surety View Post
                    As a matter of fact...had she contacted him she would not be in this pickle.Ken
                    i read the post wrong and that prompted the private party repo comment either way there is still alot to this story that is not being told that aside i think private party repo's are a huge libality one i would not be involved with.

                    Comment


                    • #11
                      This has nothing to do with private party repo. From what I'm hearing a company like this got involved, this guy probably does have the order. With that said, the ex knows who did it and where it was repoed from,That would be a logical starting place. There are companies who prey on the unknowing.

                      http://www.ripoffreport.com/security...nd-d-6a9xf.htm
                      http://www.consumeraffairs.com/debt/...y_network.html
                      http://www.complaintsboard.com/compl...na-c74407.html

                      Comment


                      • #12
                        I can't remember the name of the company....but this same scam was pulled on a client of mine last year.

                        Its a smaller bank....the girl googled and found this company. Nice website and they were very pleasant on the phone.

                        She forwarded the deal to the phone number listed...which happened to be an "800" number.

                        The car was recovered one house over.

                        She received a bill for 2800.00

                        Repo was 800.00

                        Skip Trace 2000.00

                        And, of course she was told storage was being billed per day. The scam company actually never repossessed the car....they simply forwarded it to a real company. A few states away. The company that actually repossessed the car realized what was going on and released it to the my bank....The owner was legit and didn't want to get involved.......my bank paid them a few dollars more than they expected for doing the right thing.

                        The scam company more thank likely wants you to wire the funds....because they have probably been burned by someone else who presented a company check for payment and stopped it once the car was released.

                        My advise. You know the city the car was recovered in.....Call the cops and find out where the car is being stored. They should provide a number and lot address as well.....Do a little research on them. I bet there not gonna be associated. Scammers don't have the means to be globalized. All they want is the money.....Then send in a real repossession company to try and talk to owner of the repo company who had your car....Make sure your agent has cash in hand and all the docs and is well versed so he can explain the truths....This story sound so similar its scary......I bet they guy who repossessed the car is not affiliated with crooks. Just took the assignment cause it was work.

                        Send in a level headed, clear thinking, articulate pro.

                        Money and sending in a good agent would be the first thing I did to help you wiggle myself out of this problem. Dealing with these folks over the phone won't.....is just a waste of time.
                        Last edited by assetadjusters; 01-28-2012, 04:39 AM.
                        I walk through the Valley of Darkness and Fear no evil on a daily basis.

                        Comment


                        • #13
                          Originally posted by assetadjusters View Post
                          I can't remember the name of the company....but this same scam was pulled on a client of mine last year.

                          Its a smaller bank....the girl googled and found this company. Nice website and they were very pleasant on the phone.

                          She forwarded the deal to the phone number listed...which happened to be an "800" number.

                          The car was recovered one house over.

                          She received a bill for 2800.00

                          Repo was 800.00

                          Skip Trace 2000.00

                          And, of course she was told storage was being billed per day. The scam company actually never repossessed the car....they simply forwarded it to a real company. A few states away. The company that actually repossessed the car realized what was going on and released it to the my bank....The owner was legit and didn't want to get involved.......my bank paid them a few dollars more than they expected for doing the right thing.

                          The scam company more thank likely wants you to wire the funds....because they have probably been burned by someone else who presented a company check for payment and stopped it once the car was released.

                          My advise. You know the city the car was recovered in.....Call the cops and find out where the car is being stored. They should provide a number and lot address as well.....Do a little research on them. I bet there not gonna be associated. Scammers don't have the means to be globalized. All they want is the money.....Then send in a real repossession company to try and talk to owner of the repo company who had your car....Make sure your agent has cash in hand and all the docs and is well versed so he can explain the truths....This story sound so similar its scary......I bet they guy who repossessed the car is not affiliated with crooks. Just took the assignment cause it was work.

                          Send in a level headed, clear thinking, articulate pro.

                          Money and sending in a good agent would be the first thing I did to help you wiggle myself out of this problem. Dealing with these folks over the phone won't.....is just a waste of time.

                          If thats what this is, and its a legit situation, then that is great advice...

                          Comment


                          • #14
                            Canadian Company

                            I am searching my memory banks and I think it was a Canadian forwarding company that opperated the above scam .

                            Comment


                            • #15
                              Here is some more info: As I mentioned in my post, I work for the Vehicle's Lienholder and I am trying to locate the vehicle which serves as collateral for our loan. We became aware of this situation when our customer who bought the car advised us what had happened with her attempt to have the car repossessed from her ex boyfriend, and asked us to help get her car back when the repo company wanted $5K for picking it up. I don't understand why she didn't just go over to his house and demand he give her car back and then call the police if he refused. Having it repossessed from him is very strange. I was reluctant to post the name of the forwarder she used, but here it is: Repo-zone. I am pretty sure they are in Ohio and they are not licensed repo agents. The only license our investigator found was an Ohio vendor's license. They apparently just take repo orders and then farm them out to local agents. Then they add on 10% to 25% of the vehicle's value, plus towing costs, that must be paid by wire transfer before they will give the location of the vehicle. This repossession took place in Maryland. The ex boyfriend is now trying to help her find the car too since he feels like this was all his fault.

                              The invoice that the Repo-zone gave our customer for redeaming the vehicle included costs for towing to dealership to get it re-keyed. They also had it serviced, and a flat tire repaired. I called every dealership in the area where the repo was done, hoping to get the name of the local agent that had been instructed to have the vehicle re-keyed. I found the dealership, but when they pulled up the order for the re-key and service, the name on it was Repo-zone with a fake address in Michigan. I had hoped it would be the name of the local agent, but apparently repo-zone knows how to cover their tracks. The dealership even pulled the security tapes from the day the car was there for re-key and service, but there was no name on the flatbed truck that brought the vehicle in.

                              We asked the customer to file a stolen vehicle report, which she tried to to, but the Police told her that since she had signed an authorization to have the vehicle repossessed, it was technically not theft. The Police have no record of who repo'd the car. As I mentioned, the Police took the notice of the intent to repo by telephone and failed to get the name of the company that was doing it.

                              I need to get this car back, but this company is like a ghost. The people who work there give fake names and now they flatly refuse to talk to us until we wire them the $5K.
                              Last edited by Kelly1962; 01-30-2012, 10:50 AM.

                              Comment

                              Working...
                              X