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Should you be notified where your car will be sold after repossession in Georgia?
Wiki User
∙ 15y ago
See OCGA § 10-1-36, which I've pasted below: O.C.G.A. § 10-1-36 (2007)
§ 10-1-36. Disposition of motor vehicle repossessed after default; right to recover deficiency
(a) When any motor vehicle has been repossessed after default in accordance with Part 6 of Article 9 of Title 11, the seller or holder shall not be entitled to recover a deficiency against the buyer unless within ten days after the repossession he or she forwards by registered or certified mail or statutory overnight delivery to the address of the buyer shown on the contract or later designated by the buyer a notice of the seller's or holder's intention to pursue a deficiency claim against the buyer. The notice shall also advise the buyer of his or her rights of redemption, as well as his or her right to demand a public sale of the repossessed motor vehicle. In the event the buyer exercises his or her right to demand a public sale of the goods, he or she shall in writing so advise the seller or holder of his or her election by registered or certified mail or statutory overnight delivery addressed to the seller or holder at the address from which the seller's or holder's notice emanated within ten days after the posting of the original seller's or holder's notice.
(b) In the event of election of such public sale by the buyer, the seller or holder shall dispose of said repossessed motor vehicle at a public sale as provided by law, to be held in the state and county where the original sale took place, or the state and county where the motor vehicle was repossessed, or the state and county of the buyer's residence, at the seller's election.
(c) This Code section is cumulative of Part 6 of Article 9 of Title 11 and provides cumulative additional rights and remedies which must be fulfilled before any deficiency claim will lie against a buyer, and nothing herein shall be deemed to repeal said part.
Wiki User
∙ 15y ago
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How should you be contacted if the car you cosigned on is being sold?
In a few states both the primary borrower and the cosigner must be notified by the lender through a "Right To Cure" notice before repossession action can occur. In Wisconsin a replevin order is necessary before a repossession can take place, but the cosigner is not always notified. In the majority of states the lender does not need to give either the primary or the cosigner notice of repossession action.
In Georgia can a repossession vehicle be sold at any price regardless of book value?
Yes. Whatever it gets at auction.
What legal rights does a person have in a Car repossession in Indiana?
From personal experience, you do not have to be notified, but you do have to legally be notified of intent to sell vehicle, it has to be sold for a reasonable amount and they cannot enter a garage to repo. It's best to google repo in Indiana in order to obtain accurate information.
IS MY HOME UP FOR SHERIFF'S SALE?
If you are the owner of the home, you would have been notified if the home is going to be sold. If you are a renter, your landlord would have this information and should have notified you.
If a car is sold after repossession does law state that it must be reported to the bureau as zero balance?
If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?
What is the Government Notified Sale Normal Sale in Australia?
The Government Notified Sale Normal in Australia means that you will be notified when to move after the government's property that you are currently residing in has been sold.
Do you have to payoff a car repossession?
Yes, you owe the difference of the amount of the loan and what the vehicle was sold for plus any costs of the repossession. You are expected to pay that amount.
If you have a voluntary repossession can they take your home?
NO, they can attach a lien to be paid FIRST if/when the home is sold.
Is Canada Dry ginger ale sold near Alpharetta Georgia which is near Atlanta Georgia?
its sold everywhere, sillyface.
Where was the first Coca Cola sold?
In Atlanta Georgia
How can you find out how much your car was sold for after a repossession?
I believe that once the car is sold at an auction or other means, you are suppose to be provided with paperwork showing you the amount it sold for and any remaining balance. If there is a remaing balance, you will probably be ask to pay it.
How much will a finance company sell a HD motorcyle for after repossession and where will they sell it?
It will be sold at auction at a lower price than the dealer will sell it for.
