This form must be completed when a vehicle is repossessed. All fields are required to be completed.An official website of the US General Services Administration. Looking for US government information and services? The Drug Enforcement Administration (DEA) uses forfeiture to attack the financial structure of drug trafficking and money laundering groups worldwide. This form establishes ownership transfer from the previous owner to the repossessing lienholder, ensuring compliance with Texas law. You can repossess a care that hasn't been paid for according to the signed purchase agreement. Houston Texas Repossession Towing can make the process of finding and recovering your collateral easy. Call one of our office 713-306-1816 for a quote. This article explains when and why your vehicle or property can be repossessed, your rights, and how you might get the property back.