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Can a loan company hold a sheriff's sale to collect on money owed after the sale of the car at auction?
Wiki User
∙ 8y ago
Call a local attorney for state specific advice. They usually give a free "consultation".
Wiki User
∙ 8y ago
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You voluntarily surrendered your car it was sold at auction then you were notified it was still in your name and found abandoned in Texas do you have any rights to further money from sheriffs auction?
I assume that you owed money on the car, defaulted, and the car was repossessed by the lender. At the time of auction, the title should have been transferred. The title should have been transferred when the car was sold. The auction house didn't handle the paperwork properly and will have a real mess to straighten out. But that does not entitle you to profit from the sale.
Auction Event?
form_title=Auction Event form_header=Hold an auction event to generate revenue for your company. Approximately, how much money do you estimate will be generated from this auction event?=_ When would you like to hold the auction event?=_ What types of items would you like to auction off? =_ How many items will be up for auction? =_
Can a storage company auction off your stuff?
Yes, if you do not pay your storage bill, they will place a lien on your stuff and auction it. They are required to auction because it is more likely to bring fair market value. If they auction your stuff and it brings in more money than you owe, they are supposed to write you a check for the remainder.
Can a company collect money when you return the product?
Companies almost always can send the product back to the manufacturer for a refund.
What is your business?
When a customer's loan or bill goes into default the company that lent the debtor the money will try to collect the debt. Most debt collectors are from the actual lender or are contractors that have purchased the debt and will try to collect the money from the debtor with interest.
Can you be sued if you let your mobile home be repossessed?
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
What is a factoring company, and does working at one require a degree?
A factoring company helps a business make money by selling the business's accounts receivable (the money people own them) to other businesses. These businesses get these accounts for a discount and then get to collect the money when it is paid back. As for the degree, it depends upon what you want to do within the company.
What does a taxedermist collect?
They collect money for stuffing animals.
Is good for company to make payment of something and collect from customer later?
It will defends on the situation,The advantages to make payment later to the customer.The company saving money or invest it to the bank
If your car is charged off how should you handle it if you don't have the money?
Wait until the account goes to collections you will be charged the difference between what was owed on the car and the amount the car was sold for at auction plus some legal and auction fees. The lender will try to collect the balance from you for three or four months then give up and sell the debt to a collection company for about six cents on the dollar offer them ten to fifteen cents if they will remove it from your credit report.
What age can you collect money?
you can collect money at the age of 16, but you will be on a under 18's contract
Can you sue a person who has no money?
You can sue anyone, whether they have money or not does not matter. What is likely to happen is that they will not have money for a lawyer and will not contest the suit. The court will issue a default judgment in your favor. Then you can try to collect on the amount. If they have no assets, there isn't likely to be much success in collecting. However, it is possible to get a seizure order or a garnishment to take their personal property and sell it at auction to satisfy the debt, or garnish their wages to collect the amount due.
