Wisconsin residents should note that we have compiled a repo resource consisting the relevant repossession laws pertaining to the property recovery process in the state.
Most interestingly, for a repossession to take place in Wisconsin, the security interests need to be given on title held by the borrower. Also, the license plates stay with the debtor. And, repossession is allowed for Replevin Judgments, voluntary surrenders and Act 255. For license registration, you can contact the Wisconsin Division of Motor Vehicles at (608) 266-1466. Lastly, Title, Copy of Contract and Repossession Affidavit are required for liquidation to occur.
At our company, we provide Wisconsin with repo services ranging from equipment to estates and cars. We will process your property from the repossession to the re-marketing stage. Then, we will gladly see to the storage, inspection and appraisal of your recovered item(s).
For additional information, contact us today for a quote. You can call at (630) 358-9434. We look forward to hearing from you.
TITLE STATE: Yes
SECURITY INTERESTS: Shown on title held by debtor.
LICENSE REGISTRATION: Wisconsin Division of Motor Vehicles, 4802 Sheboygan Avenue, Madison, Wisconsin 53705. Tel: (608) 266-1466.
RECOVERY REQUIREMENT: Wisconsin Repossessions allowed with Replevin Judgements, Voluntary Surrenders, or under Wisconsin Act 255, which outlines specific cure requirements. For assistance, please contact an ARA member listed below.
DOCUMENTS REQUIRED FOR LIQUIDATION: Title, Repossession Affidavit, and Copy of Contract.
PLATES: Remain with debtor.