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If a person dies in CA and pawn broker repossesses a car worth 8000 for a debt of 2000 does the lender need to notify the estate of their rights and what the car sold for?
Wiki User
∙ 12y ago
CA is full of things to notify debtors about. That's one of them. Check this link:http://www.ca.gov/state/portal/myca_search_results.jsp?BV_SessionID=@@@@1129268743.1112971363@@@@&BV_EngineID=ccchaddefgfeeedcfngcfkmdffidfnf.0&sSearchString=repossession
Wiki User
∙ 12y ago
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Is there legal notification of foreclosure from mortgage company or bank?
Yes. The lender must notify the borrower of the pending foreclosure.Yes. The lender must notify the borrower of the pending foreclosure.Yes. The lender must notify the borrower of the pending foreclosure.Yes. The lender must notify the borrower of the pending foreclosure.
Does the lender have to send you a letter to notify you that his repossess your car in G.A.?
yes because they have to notify the owner
Can heirs of mothers estate file ensolvency if there is already an administrator?
No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.
Can a co-signer have a negative entry removed from a credit report if the lender failed to notify him that the primary borrower was in default of the loan agreement?
No. There is no legal obligation for the lender to notify the cosigner that the primary borrower is in default.
Does the lender have to notify the cosigner if the person responsible does not make a payment?
In some states yes.
Who notifies HOA when a property is foreclosed?
Generally the foreclosing lender must notify the HOA.
Are you required to notify the mortgage company when your parents die?
The estate is
Can someone report your car to be repossessed if they know that you do not have insurance?
IF they hate you enough, IF they can find out who your lender is, IF the lender wants to repo because of that fact, The ins. co. is supposed to notify the lender anyway if you let the policy lapse....
In New York is the lender required to notify the co-signer before reporting this information on his credit report?
No
Who submits the estate notice to creditors?
That is the responsibility of the legally appointed estate representative. If no estate is opened and no representative appointed because there is no estate, any family member can notify the creditor of the death. It will likely request a copy of the death certificate. It is best to notify creditors as soon as possible to avoid debts going to collection as delinquent.
What happens to a car loan for a recently deceased person who does not have a co-signer a Will or any other estate?
The next of kin should notify the lender immediately for instructions. It holds the title to the vehicle. The lender may be willing to make arrangements for an heir to take over the payments or it may take possession if no heir comes forward. It depends on the details of the particular situation.
What options do you have in California if your car was repossessed and you want to get it back?
The lender is required to notify you at your last known address as the details for redemption. You can CALL the lender, you will have to talk to them sooner or later. MERRY CHRISTMAS
