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  2. Is That Used Car for Sale Really a Repo or Government ... - AOL

    www.aol.com/news/2011-03-30-is-that-used-car-for...

    Ads proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal. But the ...

  3. Repossession - Wikipedia

    en.wikipedia.org/wiki/Repossession

    Various objects can be repossessed, including boats and aircraft, but most repossession agencies focus on car repossession. The repo agent normally uses a tow truck or pickup truck with a special towing attachment called a boom. They also may obtain the key from the car owner. Usually, the vehicle owner must be notified of a repossession.

  4. A bank created fake accounts, forced clients into ... - AOL

    www.aol.com/bank-created-fake-accounts-forced...

    A bank created fake accounts, forced clients into unnecessary car insurance and repossessed vehicles when they didn’t pay. Now it has agreed to $20 million in penalties

  5. Auto auction - Wikipedia

    en.wikipedia.org/wiki/Auto_auction

    Repossessed: vehicles can be voluntarily or involuntarily repossessed by financial institutions for several reasons, including late payments, undisclosed past credit issues, or failure to maintain full coverage insurance. Auto auctions are the most common method of disposing of repossessed vehicles.

  6. Vehicle impoundment - Wikipedia

    en.wikipedia.org/wiki/Vehicle_impoundment

    Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.

  7. Armored car (valuables) - Wikipedia

    en.wikipedia.org/wiki/Armored_car_(valuables)

    Prosegur armored van in Barcelona An armored Garda van, in Ypsilanti Township, Michigan CTK armored van in the Philippines. An armored vehicle (also known as an armored cash transport car, security van, or armored truck) is an armored van or truck used to transport valuables, such as large quantities of money or other valuables, especially for banks or retail companies.

  8. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    When the remaining mortgage balance is higher than the actual home value, the foreclosing party is unlikely to attract auction bids at this price level. A house that has gone through a foreclosure auction and failed to attract any acceptable bids may remain the property of the owner of the mortgage. That inventory is called REO (real estate ...

  9. Loomis (company) - Wikipedia

    en.wikipedia.org/wiki/Loomis_(company)

    A Loomis-owned Mercedes-Benz T2 armoured vehicle in London, United Kingdom. The UK division of the company hit the headlines in February 2006 when armed robbers raided its cash center located in Tonbridge in Kent. The criminals made off with £53m in what is known as the Securitas depot robbery. [17]