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He’s smart, he’s funny, and he “steals” cars legally. (He’s also the best friend you never knew you had.) Our July-August issue’s cover story.
(Page 3 of 6)
Debtor: Please, just give me a little time.
Repo guy: Time’s not mine to give.
Debtor: How am I going to pay for my car if you take it away from me?
Repo guy: You couldn’t pay for it before.
Debtor: I need to call my banker.
Repo guy: Here’s my cell phone. Go ahead and give him a call.
Many repo men take pride in their salesmanship. They think they can do as good a job talking you out of your car as the man who sold it to you did talking you into it. It’s all a matter of overcoming some initial resistance in a friendly (or at least a non-hostile) and persuasive manner. Bukur laughed in pointing out one of the factors that has allowed his parents, both 77 years old, to continue to excel in doing car repos—“Who can say ‘no’ to great-grandma or greatgranddad?”
There was complete agreement among all the people I met that it is up to the repo man—whether relying on stealth or his powers of persuasion—to make sure that there was no “breach of the peace.” This is where the law comes into play.
Under most loan agreements, if the debtor has reason to know that he has failed to make timely payments on his debt (who wouldn’t?), that in itself constitutes notification of a foreclosure and entitles the lender, or his agent, to come onto the debtor’s property to seize the delinquent asset.
But the law, in other ways, overwhelmingly favors the debtor, as Jack Barnes, the author of Collateral Recovery, and other experts agree. Most especially, when push comes to shove and a violent collision erupts between a debtor and a repo agent, judges and jurors are far more likely to side with a debtor sitting on his own property than they are with a repo agent intruding upon his private space (in the eyes of the law, a man’s home really is his castle).
All responsible repo men aim for a peaceful recovery.
But for delinquent debtors thinking they can hold on to Aston Martins and Lamborghinis simply by hanging out a “No Trespassing” sign, a few more notes are in order.
One: Once you leave your own property with it, your car is totally in play. Nothing prevents the repo man from grabbing it when you stop at the 7-Eleven and go in to pick up a pack of cigarettes.
Two: If waiting for you to move your car seems like too much work, the repo man (or the lender) will tell you that the next unwelcome visitor to your home will be the sheriff, who won’t be put off by any signs or obstacles you put in his way.
Three: It is against the law to conceal, move for purpose of concealment, or to attempt to sell, transfer, or dispose of property that has a lien against it.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?