In order for a lender to repossess, or take back, the property: (1) it must be collateral for the loan and (2) you must have defaulted on your contract. In this mission, Franklin and Lamar are given a repo job at Vespucci Beach.The duo has to repossess a Bagger from Esteban Jimenez, a Vagos member. A letter from the insurance company stating the vehicle was stolen and not recovered, including date of theft and vehicle information. REPOSSESSION. 1. Complete in blue or black ink or print form. 2. This form is used to obtain a Pennsylvania Certificate of Title for vehicles not currently titled in Pennsylvania, or which were repossessed (1. This form is used to obtain a Pennsylvania Certificate of Title for vehicles not currently titled in Pennsylvania, or which were repossessed (1. Laid out in the contract you signed and in SC law. Usually, default includes the failure to make a payment on time or failing to keep insurance on a vehicle. Our special finance officers are well-equipped to make sure you drive away in a choice car.