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Can the bank come back to you for the difference of the loan after the car has been repossessed and auctioned?
Wiki User
∙ 16y ago
yes they can...but it also depends on state laws too
Wiki User
∙ 16y ago
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Can you get a repossessed car back without paying the entire loan?
It is very difficult but if you have a good relationship with the bank they may allow you if you pay some of the debt down.
What can one do to get repossessed houses?
There are many websites one may peruse to find repossessed houses for sale. Some of these websites include Bank Foreclosure Sale, House Buyer Network, and Bank Foreclosed Listings.
If your car is repossessed in Pennsylvania can your wages and bank accounts be garnished?
check this site
How many payments must be missed before they repossess?
Actually one, I have repossessed cars for BMW where there customer was three days late. it all depends on the states laws I have a website that may help you avoid having your car repossessed. www.stoptheREPOman DONT LET TTHE BANK TAKE YOUR CAR BACK!
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
How can you find out where your repossed vehicle is being auctioned at Too try an buy it back?
Bank or loan company who repossessed it.
Is the bank suppose to let you know it auctioned your car?
Whatever the bank sold the car for they deduct that from the balance owed, and you pay the difference
Do you have to pay for a car if it is repossessed?
The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.
My Car was repossessed what do I owe the bank?
They will auction the car and you will have to pay the difference of what you owe and what the car sold for.
When you vehicle is reposed are you financially responsible to pay the bank anything?
When your car is repossessed from the bank, the bank will sell it, usually at an auction. You are responsible for the difference of the selling price and what you owe on the car.
How do get your car back after a repossession?
If your car has been repossessed by the bank for missing payments, the quickest and most efficient way to retrieve your vehicle is to contact the bank and make your back payments. When contacting the bank about back payments see if there is a new payment plan system that you can set up with them that is more beneficial to you, to avoid having the car repossessed again.
Why does a car get repossessed?
The person who bought the car didn't make payments so the bank takes it back.
How do you stop collections on a repossessed vehicle My car was repossessed in Missouri the bank sold it and now a collector wants me to pay the balance not the difference. Any advice I need help?
When your car is repo'd and it is auctioned off you are to pay only the balance of what you owe on the loan. So if you owed 10,000 and is sold for 8,000 you pay the balance of the loan whic is 2,000. If you have collections on your credit report call and have it investigated this way they cant keep renewing it for 7 years.
How do you get car back after repossessed in the state of Florida?
call the bank, they are the only ones that can release the vehicle to you, good luck :)
If you paid the fees and got your car back from repo but what if you miss another payment with the bank?
It gets repossessed again.
What does if mean if your vehicle could be repossessed?
It means the bank, or whoever loaned you the money for the car, will send people out to take it back.
Can you get your repossessed car back if you file Chapter 7 bankruptcy and start making payments?
You will have to ask your bank about that. They are in control now.
