Keyword: repossession

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  • Economy falters, and the repo man gains

    05/20/2008 6:36:57 AM PDT · by 2banana · 10 replies · 633+ views
    International Herald Tribune ^ | May 19th, 2008 | David Streitfeld
    HARRISON TOWNSHIP, Michigan: So many people have so many things they can no longer afford. This is an excellent time to be a repo man. When a boater defaults on his loan, the bank hires Jeff Henderson to go seize, or repossess, its property. The former U.S. Army detective tracks the boat down in a backyard or a marina or a garage and hauls it back here, where he auctions it off. After nearly 20 years in the repossession business, Henderson has never been busier. "I used to take the weak ones," he said. "Now I'm taking the whole herd."...
  • Electronic device renders repo man obsolete

    11/30/2005 11:04:29 AM PST · by JZelle · 17 replies · 874+ views
    The Washington Times ^ | 11-30-05 | From combined dispatches
    NORFOLK -- The repo man may be getting the hook. An electronic device that attaches to a car's ignition system easily can take the place of a tow-truck repossession, and the units are finding their way onto high-risk car lots across the country. No pay, no start. It's worked wonders at Norfolk's Patriot Auto Sales, where nearly every car that is driven off the lot is outfitted with a PayTeck Smart Box, a system that hands over a five-digit code in exchange for each payment. Come due date, the car won't crank until the customer punches the code into a...
  • Reported on NBC Local Channel-Bush will be attending Clintons Library Dedication, 11/18/04(Vanity)

    11/09/2004 3:56:32 PM PST · by IndianPrincessOK · 80 replies · 3,155+ views
    NBC Affiliate channel 5
    Just heard on our local NBC affiliate TV Channel, Chicago suburb that Bush will be attending the Dedication of Clintons Library in Little Rock, Arkansas November 18....Anyone else hear this>