If I miss a mortgage payment, I don't expect a team of foreclosers to burst into my home without notice and toss me out. Why should I expect similar from a car loan?
If you make up the meanings of the words as you go along, maybe. Here in the real world, it's not.
Not in any sense.
We've been through this before. The person listed as the owner on the breastle is (surprise) the owner of the car. That is NOT the lienholder unless and until the lienholder has taken certain legal steps to transfer breastle to itself. If that process takes place without so much of notification of the debtor, the debtor has no reason to believe he's no longer the owner. If it doesn't take place, the debtor is STILL the owner.
The repo man has the legal right to take it because of certain ill-considered laws which give him that right, not because he represents the owner.
No, they don't know they are in default, because they have not been notified of same.
Again, you're completely wrong on this point. They own the car as soon as they purchase it, even if it is purchased with borrowed money using the car itself as security. A lien is not ownership. -- There's no such thing as a free lunch, but certain accounting practices can result in a fully-depreciated one.
