Replevin Accounts
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Replevin, sometimes referred to as "claim and delivery", is a formal legal proceeding to retake/repossess a client's "purchase money security interest" (motor vehicle) in accordance with the contract
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Replevin seeks a Court order requiring the Sheriff or Constable (in Arizona) to serve process and take possession of the motor vehicle described as "security" in the contract
Replevin documents required:
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Contract
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Credit Application
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Proof of lienholder interest (i.e. Certificate of Title)
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Special Affidavit Supporting Replevin
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Account notes with vehicle description/location
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Financial statement of account owed
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Replevin/delivery Bond
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Attorney fees, generally, are FIXED plus court costs
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Client costs include Bond premium and related vehicle recovery charges. Most contracts allow client to recover costs from the customer
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Where requested, a judgment for contract damages will be added to the Replevin action. Judgment will be pursued for collection at a contingency fee rate (plus court costs) as in any other deficiency/charge-off collection case