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COVID-19 Brings New Business and Challenges to Repossession Industry, Repossession Lot Inspections Can Help

Posted by TrendSource on 4/1/21 9:30 AM

Experts from multiple industries are forecasting a dramatic upswing in auto loan defaults and repossessions. John Van Alst of the National Consumer Law Center, for example, says that his agency has “certainly seen an uptick in defaults and delinquencies.”

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Topics: OnSite Inspections, OSI, COVID-19, Repossession Lot Inspections, Virtual OnSite Inspections

Postponed Pandemic Debt, Foreclosures, And Occupancy Verification Inspections

Posted by TrendSource on 2/26/21 12:08 PM

Earlier, we described how the looming delayed debt crisis will likely lead to an increase in auto repossessions (and the need for Repossession Lot Inspections) over the next year. We are continuing to examine this forthcoming crisis, today looking at how foreclosures are similarly expected to rise in this period.

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Topics: OnSite Inspections, Occupancy Verification, Repossession Lot Inspections, Debt

As Pandemic Debt Catches Up to Borrowers, Repossession Lot Inspections are More Necessary than Ever

Posted by TrendSource on 2/26/21 7:49 AM

A lot of people have struggled through the pandemic as unemployment, medical costs, and a general economic decline all seemingly conspired against American households over the last year.

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Topics: OnSite Inspections, Occupancy Verification, Repossession Lot Inspections, Virtual OnSite Inspections, Debt

Repossession Lot Inspections Help Lending Institutions Find Reliable Repossession Partners

Posted by TrendSource on 2/4/21 4:20 PM

The repossession industry does not enjoy the best reputation in popular culture. A lot of this is unfair—the industry is oftentimes the public face in a truly uncomfortable and unfortunate situation in which a consumer cannot continue their car payments and must forfeit the title. That means there is a lot of hostility towards reposessors, who, even if always acted above-board would still fail to win any popularity contests.

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Topics: OnSite Inspections, Repossession Lot Inspections, Lending Institutions

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