Maryland Statewide Proficiencies
For over twelve years, Speedy Repo has provided repo services to Maryland’s 6.2 million residents spanning 12,407 square miles and has earned a reputation as the leading repossession firm across Maryland from the Chesapeake Bay and Appalachian foothills. Our Maryland-based active repossession group manages certain unique challenges that affect the repossession process from Maryland’s federal government employees, defense contractors, and maritime professionals with diverse asset portfolios and each requiring unique recovery tactics.
We understand the regulatory issues Maryland combines with those same challenges that add to the recovery process; informally known for the repossessor’s nightmare, Maryland has a ten-day redemption period, and we pioneered successful recoveries using individual county by county notification processes. We have recovered everything from luxury automobiles from the affluent suburbs of Montgomery County to commercial fishing vessels located along the Eastern Shore, we have tailored our recovery methods to Maryland’s geography large and small, and assorted economies.
Working in the Baltimore – Washington metropolitan corridor, we understand the unique positioning of Maryland adjacent to the nation’s capital presents some unique repod challenges, particularly when recovering federal employees; security clearance considerations add complication.
Speedy Repo operates seamlessly and successfully, while we follow the exact federal guidelines to maintain a productive recovery process. Chesapeake Bay Maritime Recovery: Maryland has a lot of waterfront and offers unique challenges that we have been able to solve over the course of thousands of recoveries in and around the water. For example, this past winter we recovered a $180,000 yacht from a private dock in Annapolis during a nor’easter and expertly leveraged our marine recovery equipment to remove evidence of the vessel, but more importantly our experience with the tidal challenges associated with fully floating removals to do so without environmental impact.
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Inter-jurisdictional Coordination: In the greater dc area, we have to coordinate seamlessly with Maryland, Virginia, and Washington DC jurisdictional authorities. This operates at a level of protocols we developed with these inter-state recoveries of all types of motor vehicles. Most recently, we conducted a recovery which required us to work with local law enforcement in Silver Spring to track the vehicle through three different jurisdictions and recover it in one day.
Comprehensive Recovery Services in Maryland
Government Vehicle Recovery: Special considerations and case management for security clearance and access protocols generally associated with federal employee and contractor work vehicles, which is common in Maryland’s defense corridor.
Recreational Watercraft Repossession: Substantial level of expertise with the recovery of boats, yachts and personal watercraft from the vast marina system in Maryland and Chesapeake Bay because of our specialized marine equipment and tidal knowledge.
Commercial Fleet Recovery: Recovery for commercial fleets in Maryland’s logistics and transportation sectors, including specialized equipment for the Port of Baltimore and co-ordination in interstate freight recoveries. Agricultural Equipment Repossession: Collection and recovery of agricultural equipment – including everything from combine harvesters to specialized aquaculture equipment from across Maryland and its western counties, the Eastern Shore served as a particular focus
Cybersecurity Asset Recovery: Discreet collection and recovery of technology assets from across Maryland’s robust cybersecurity industry, all while observing sensitive datasecurity protocols during the recovery process.
Maryland Coverage Strategy
Maryland’s geography is uniquely challenging. Our coverage and response operations accounted for its geography, dense urban corridors like Baltimore City and Washington DC were taken into consideration as were the far more rural regions of the Eastern Shore and western mountain counties. We maintain primary response centers in Baltimore, Rockville and Salisbury giving us the ability to respond quickly in any of its 23 counties.
Primary service areas: Baltimore City, Montgomery County, Prince George’s County, Anne Arundel County, Howard County, Charles County, Frederick County, Washington County, Wicomico County, Worcester County, Cecil County, Harford County, Carroll County, Calvert County and St. Mary’s County.
Interstate highway access: We have strategically positioned ourselves along I-95, 1-495, I-270, and I-83 to be able to respond quickly anywhere along the Baltimore/Washington corridor and in a timely manner to the neighboring states of Virginia and Pennsylvania.
Eastern Shore considerations: We have formalized special procedures for recovery on the eastern shore of Maryland, including contingences for delays caused by crossing the Chesapeake Bay Bridge, and the seasonality of summer traffic or weather issues that can add delays to your target recovery time, as Maryland experienced almost 3 hours of transit time during middle summer peak recovery periods.
Maryland Legal Knowledge
Maryland’s repossession laws have vigorous and sometimes tedious procedures for notification and essentially redemption rights, which can vary from state to state. We are always compliant with Maryland requirements on repossession, and our operations consistently and repeatedly follow the Maryland Commercial Code, Section 9-623 — we stay on top of unique notifying such as timing and giving notice both in general and specific to the limits of each county jurisdiction.
Unique to Maryland: Maryland follows repossessing agent sending the appropriate notice for redemption stating the amount due within 10 days which includes the various types of fees and storage numbers. We run automated calculation systems to make sure the calculations are called for, and fit their specific formatting that jumped us over the cost delays of less astute and experienced services.
County Business: Each Maryland county has different recording requirements and notification procedures. We continuously keep track of what the various 23 counties require from their agents – from Montgomery County electronic notification procedures, to the mostly rural, less populated areas of the Eastern Shore which still require written paper notices.
Professional Licensed: We have active Maryland repossession licenses and are bonded through a surety bond of $250,000, that surpasses the state minimums. It pays to be in business on professional terms in all aspects of operations in Maryland.
Maryland Proven Results
Years Operating in Maryland: 12+ years
Statewide Response Time Commitment: Under 3 hours. Under 90 mins. in Baltimore/Washington corridor
We have completed over 15,000 recoveries in Maryland, with a 99.2% legal compliance rate and zero violations of regulatory procedures in the last five (5) years. Furthermore, we have been awarded recognition from the Maryland Association of Recovery Professionals and have preferred vendor status with 47 Maryland lending providers.