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What happens in Texas if you voluntarily have your car repossessed and money is still owed after the car has been sold at an auction?
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∙ 19y 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.
Where do you get a Car Auction licenses in Texas?
Where do you get a car auction licenses in Texas
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no!
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If your car has been respossessed, you no longer have the right to continue paying it off because they have lost faith in your ability to make payments. The bank has already paid about 500 to a tow truck driver to find and recapture the vehicle. However, you could buy it back at auction. See your bank for the auction date.
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Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.
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