Repossession Process Timeline

From first missed payment to final disposition, here is the realistic timeline of a collateral recovery file and where the days are usually lost. ## Where the Calendar Actually Goes Most files spend the majority of their life in collections, not in the field. A typical account moves through 30 to 90 days of delinquency and cure attempts, then assignment, then field work. Once a licensed agency has a verified address, many units are recovered within days. When the address is stale, tracing adds time before the first attempt. After recovery, the clock continues: personal property notice and retrieval windows, redemption or reinstatement periods, notice of sale, and then disposition. Building each of these steps into your servicing calendar prevents surprises and keeps the deficiency calculation clean. Every account passes through the same four phases. Knowing the expected duration of each one makes vendor performance measurable. ## The Four Phases of a Recovery File Collection calls and cure attempts Account placed with a licensed agency Tracing, attempts, and secured possession ## How PRG Keeps the Timeline Tight Notices, redemption window, and sale Assignments are acknowledged, reviewed, and traced the same day they are received. Every field attempt is logged with time, location, and result so you always know where the file stands. Condition reports and recovery documentation are delivered within 24-48 hours of possession. **Key Points:** - Documented milestones at each stage - Same-day assignment acknowledgement - Recovery often within days of a verified address - Tracing time depends on file quality **Topics Covered:** - Delinquency - Assignment - Field Recovery - Disposition - Day One Action - Documented Attempts - Fast Closeout ## About PRG Asset Recovery & Holdings LLC **Company:** PRG Asset Recovery & Holdings LLC **Phone:** (210) 745-0964 **Email:** repos@theprg.org **Service Area:** San Antonio, Austin, and throughout Texas **Licensing:** Texas licensed, bonded, and insured recovery agency **Website:** https://prgassetrecovery.com/repossession-process-timeline