Delivering Professional Asset Recovery in Nebraska’s Agricultural Heartland
For over 15 years, Speedy Repo has provided asset recovery services throughout Nebraska’s vast 77,220 square miles, for the states 2 million residents, from the streets of Omaha to the vast operations in the Sandhills region of Nebraska. We have handled recoveries across Nebraska’s diverse geography, from the urban areas adjacent to I-80 to the rural recoveries across Nebraska’s extensive agricultural sectors.
As we operate across Nebraska’s diverse landscapes, we are fully aware of the conditions that accompany and impact repossession work in Nebraska. Our crews have navigated Nebraska’s blizzard conditions that have at times shut down I-80 for many days while employing specialized equipment and route planning to keep our operations running when wind snow created zero visibility across the Plains. On numerous occasions, we have recovered thousands of dollars worth of cattle feeding equipment from remote sites in Cherry County, one of Nebraska’s leading counties for beef cows, demonstrating we have the ability to manage specialized agricultural assets located in remote areas of Nebraska.
While our asset recovery crews are positioned around Nebraska’s major population centers, including Omaha (480,000), Lincoln (287,000), Grand Island (51,000), Bellevue (53,000) and throughout all 93 counties, we understand Nebraska’s economy and agriculture ranks as the number one industry, with cattle production the largest segment. Speedy Repo has developed the specialization in recovering agricultural equipment, including center-pivot irrigation systems and cattle feedlot equipment that powers the state’s $31.6 billion agricultural industry. Nebraska Statistics:
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Nebraska-Specific Recovery Experience
The past 15 years of successful operations throughout Nebraska has given us unparalleled experience in three areas that are critical to the success of repossession in the Cornhusker state:
Severe Weather Operations: We have honed our recovery ability in severe weather conditions in Nebraska, including the state’s famed abrupt blizzards and severe thunderstorms. In 2019 during the historic Nebraska floods that saw hundreds of inmates displaced and mass evacuations, our teams operated while following emergency protocols and were able to successfully recover 47 vehicles caught in high-flood conditions. We have specialized equipment, including GPS tracking equipment that works during the “white-out” conditions that are commonly experienced in Nebraska along I-80, where there is no wind barrier from the flat terrain.
Agricultural Asset Specialty: Nebraska ranks first nationally processing 7.1 million cattle annually and ranks third in corn production. Our teams have specialized training in recovering specialized agricultural assets, including center-pivot irrigation systems (with 96,509 active irrigation wells in Nebraska), cattle processing equipment, and some of the largest grain handling systems that support Nebraska’s agricultural ecosystem. We have successfully conducted complex and expensive recoveries involving $2 million combines during harvest season while working with agricultural lenders aware of the seasonal nature of farm payments.
Rural Access Expertise: 55.5% of Nebraska square miles are classified as frontier and remote, and we have developed unparalleled access to properties within the Sandhills region and remote ranch operations. Our GPS mapping systems provide specific county road information that is essential for recovering vehicles in rural Nebraska where going the wrong way can add hours to the recovery time. We maintain strong relationships with local tow companies in all remote areas of Nebraska (ex. Valentine, North Platte), which allows us to get to the majority of areas quickly, even the most remote locations in Nebraska.
Comprehensive Nebraska Recovery Services
Standard Vehicle Repossession: Licensed repo agents specialize in Nebraska’s most commonly repossessed vehicles including pickup trucks (essential for ranching), SUVs (needed for rural roads), and general agricultural pickup trucks often seen on rural Nebraska roads. Our repo teams know how to file repossession documents properly based on Nebraska vehicle registration titles and utilize both locally registered counties and work directly with all 93 Nebraska County Treasurers.
Agricultural Equipment Recovery: We are experienced in repossessing specialized agricultural assets found in Nebraska including center-pivot irrigation systems, grain elevators, cattle handling systems and the large-sized agricultural machinery that contributes to Nebraska being ranked #3 in corn production and the number one cattle feeding state in the U.S.
Recreational Vehicle Repossession: Nebraska’s outdoor recreation and culture includes some of the highest recreational vehicle ownership rates for hunting in the Sandhills of Nebraska and fishing along the complete Platte River system in Nebraska. We recover everything from travel trailers to luxury motorhomes and also have specialized transport from oversized recreational equipment.
Commercial Fleet Recovery: We service Nebraska’s trucking industry that delivers agricultural goods up and down I-80, which has some of the most expansive freight and truck stops in the country. Our repo teams are familiar with DOT rules and regulations and can recover commercial vehicles from Nebraska’s major truck stops and distribution centres.
Watercraft Recovery: We specialize in boats and watercraft used on Nebraska’s numerous reservoirs and the Section Missouri River towing or being utilized at the water’s edge. We have teams aware of the watercraft title requirements of Nebraska, and can also coordinate recoveries from marinas and boat storage facilities throughout the state.
Heavy Equipment Repossession: The successful recovery of construction and agricultural equipment, including the large tractors and combines required by Nebraska agriculture, the earth moving equipment used to support Nebraska’s growing wind energy sector, and specialty equipment used in Nebraska’s ethanol processing plants.
Statewide Coverage Plan
Our Nebraska operations are set up to cover the state’s signature geographic challenges and population distribution. Headquartered in Omaha with satellite operations in Lincoln and Grand Island, we have the ability to provide 24/7 coverage in the state’s 387-mile width.
Eastern Coverage area: Covering the population centers of Nebraska, which represent 58.9% of the state’s population, which includes the Omaha metro, Lincoln, and adjacent counties. In Douglas, Sarpy, and Lancaster counties we have an average response time of 2.8 hours, which covers where we recover most of our regular vehicles.
I-80 Corridor: The I-80 based operation, which runs for 455 miles across Nebraska, gives us specialized coverage along Nebraska’s primary east-west travel corridor. We have developed expertise in recovering vehicles at all 25 Nebraska rest areas, and we understand the unique issues confronting I-80 recoveries when severe weather can close an interstate for extended periods of a time.
Sandhills Region: Our most difficult recovery area is the north-central and northwestern area of Nebraska for the unique Sandhills region, which has grass-stabilized dunes which covers thousands of square miles. We have conducted successful recoveries in places, such as Cherry County (the #1 beef cow county in the U.S.), with 166,000 cows in this county, where sometimes the nearest paved road might be 50 miles away.
We are also familiar with the county road maps for Nebraska, as well as the seasonal limitations of access, as we use these roads, or the timing for river flooding seasons when accessing in and around the Platte River. Finally, we are aware that calling local law enforcement for assistance will entail a response time of sometimes 45 minutes in rural counties.
Nebraska Repossession Law Compliance
Our 15 years of business in Nebraska shows our knowledge of all of the unique repossession requirements in Nebraska to include compliance with Nebraska Statute 45-1051, including DMV transfer of ownership requirements.
20-Day Notice Requirement: Nebraska is one of the only 10 states that require pre-repossession notice. We keep lenders compliant by ensuring that any 20-day cure periods are honored. We work closely with Nebraska financial institutions to document notice and comply with Nebraska Statue. This is a rare and unique requirement that has prevented many repossessions because borrowers exercised their right to cure.
Title Recording Compliance: Nebraska requires lienholders to record titles in the county in which the debtor places the vehicle for storage, or resides. Our team keeps current with the many rules and procedures of all 93 county treasurer offices regarding the procedures for the recording of title transfers and the procedures for repossession title applications, including how to complete the required affidavit of repossession documents from Nebraska.
Commercially Reasonable Standards: We ensure all of our dispositions meet the commercially reasonable standard required by Nebraska, including proper notice to the debtor and co-debtor before a sale. In our disposal procedures, we document, also, the market values as part of accounting and finally we comply with Nebraska’s requirement of providing an accounting statement on all sales proceeds and costs incurred.
Peaceful Protocols: Our teams are aware and trained in Nebraska’s breach of peace prohibitions, including prohibitions on the trespass of locked garages, facing off with debtors, and taking possession of vehicles against the will of the owner. We are also aware of maintaining summary disclosures that have achieved no breaches of peace through 3200 Nebraska recoveries.
County Striation: Our teams are also aware of the fact that the 93 counties of Nebraska each have established their own distance and timeframes in the administration of repossession and title work. Some counties have established timelines are more regimented formatted district volume counties, like Douglas County (Omaha) where volume processing is high while others have specialized protocols to meet the challenges of recovery and apply efficiency to counties with fewer procedures due to declining populations, and counties like Arthur and Logan typically do not have near district volume issues.
We represent full compliance with all laws and have successfully completed over 3200 repossession recoveries with no formal challenges for our conditions and procedures.
successful recoveries completed
Our Nebraska operation carries appropriate professional licensing with the Motor Vehicle Industry Licensing Board licensing and bonding for the operations of Nebraska’s extensive geographic area. Speedy Repo provides 24/7 services and guaranteed response time of 3 hours to eastern Nebraska metropolitan areas, 6 hours to the I-80 corridor for states travel process, and 8 hours for response for remote Sandhills regions when weather allows.
Speedy Repo remains a licensed, bonded compliant operation under all of Nebraska’s requisition repo statutes and law and are represented by immeasurable knowledge of vehicle recovery through Nebraska’s unique geography and legal requirements.