The increase in industrialization and capitalization in the society has changed and upgraded the standard of living of lot of people. Employees and managers earning handsome salary packages get the key to owning anything what they like or always wanted to buy. An elite standard is being set amongst the groups in order to show individual style and status which comes by owning the best. So much so that people do not mind investing in what their pocket also doesn't allow. People who have a craving for cars do get into buying the best vehicle for them and their family, even if it is out of their budget segment, they get attracted to easy after paying options where they can pay every month and own the car, mostly what happens is that people end up skipping some of their due payments because of which their vehicle is brought back by the company. There are few legally qualified firms that provide excellent solution for such scenarios.

There are number of people who consult such legal experts regarding how to stop car repossession legally. Some of the guidelines suggest that when people are in default of their vehicle payment, the lender can proceed with car repossession, but when they attempt such an act, there are some legal laws to protect people which are

• When the repossession company may try to trespass a person's property to retrieve the vehicle, they cannot legally break and enter a closed structure. Taking for example, if they see the vehicle in a closed enclosure like garage through any window, they cannot legally lift the garage door.
  


• In the process of recovering the vehicle, car company people cannot breach the peace, which means they cannot create a loud disturbance in order to repossess the vehicle.
  

Once the vehicle has been repossessed under certain grounds, the lender has to mandatorily abide by a 15 day redemption period, which allows the car owner 15 days to redeem the vehicle before the lender attempts to sell the car in auction. Attorneys can legally help people to redeem their vehicle up until the point that it is sold at auction and can provide legal protection and reasonable repayment terms. Some of these terms are

• If people have owned their vehicle for more than 910 days or 2 ½ years, legal experts can actually reduce the amount owed on the vehicle.
  


• Under conditions where people have owned the vehicle less than 2 ½ years, experts can reduce the payment by extending the payment terms and reducing the interest to a reasonable rate.
  

Effected people do go ahead and seek legal advice from attorneys regarding stopping foreclosure. It is important to understand about foreclosure, it refers to the public auction that is held at the county municipal offices on the date indicated on the foreclosure notice. At such auctions, a third party has the opportunity to bid on the property and take over the banks position as the mortgage holder. People can legally and immediately stop a foreclosure sale by filling a Chapter 13 plan prior to the sale and get a same day protection also from the law. Some of the preventions to be undertaken for foreclose include:

• Loan Modification: Wherein through the Chapter 13 process, experts can easily and successfully negotiate loan modification with mortgage lenders.
  


• Escrow Acceleration: which occurs when the mortgage company advances or pays for property taxes or homeowners insurance they have not previously collected through the monthly mortgage payments. Through the chapter 13 plan, legal experts can spread this escrow deficiency over the life of the plan which is 36 to 60 months lowering the monthly payments.