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Yes. Once you have forfeited on the contract, it is void. The lender at that point can legally expect payment in full. Toward that end, they may take the vehicle and sell it to pay a portion of the balance.

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Q: Can a vehicle be repossessed in the commonwealth of Virginia without any type of written or verbal notification because you are one payment behind on a note you've paid 45 of the total 50 payments?
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Related questions

How far behind do your car payments have to be before it can be repossessed in the state of Virginia?

In Virginia, the law states a lender must submit notice in writing at least 10 days before a car is to be repossessed. Therefore, car payments that are late can be subject to repossession at anytime, provided notice has been given.


Can your car be repossessed if it was in an accident and nearly totaled?

If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.


Can your car be repossessed if you lose your job?

No, but your car can be repossessed if you don't make the payments.


Can TVs be repossessed in Texas?

Yes, TVs can be repossessed in Texas. The television that is purchased on a rent-to-own plan or that is in the process of payments for ownership can be repossessed if those payments are not made in a timely manner.


When is you car repossessed?

When you can't meet the payments.


Car repo in ny?

A car can be repossessed in the state of New York if payments are late or defaulted. The only way to not get a repossessed is to make your payments on time.


Can a computer be repossessed if payments can no longer be made?

Yes it can


Can your vehicle be repossessed for late payments?

Obvious answer, Yes.


How can you get your car repossessed?

dont pay the payments ever


Can a motorcycle be repossessed if you cant afford the payments?

Of course.


Ways to cause your car to be repossessed?

The only way you can have your car repossessed would be to not make any payments. If you have taken out a loan and have not made payments, they will take your car away.


Can a motorcycle be repossessed if you haven't made payments in 6 months and then started making payments again?

Technically you breached the contract with the lender if you did not make payments in 6 months. They actually have the right to NOT accept further payments from you. So yes, it can still be repossessed.