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Depends on your state. In AZ, they cannot liquidate the collateral for ten days after repo. If it has been longer than 10 days, they can sell it and you would still be liable for the amount due (minus what they made off of the sale of the vehicle).

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โˆ™ 2006-06-13 03:08:50
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Q: After your car gets repossessed and you pay the outstanding amount how long do you need to wait before they give you your auto back?
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Can the bank put a lien on your home for the balance after the repossessed auto is sold at auction?

YES, after they get a judgment for the amount still owing on the contract. That amount can be applied as a lien against other property you own.


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How is repayment structured on auto loan refinance?

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Can your car be repossessed if you buy it with a capitol one blank check auto finance?

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If an auto loan is in one person's name and the title in another person's name can the vehicle be repossessed?

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The terms of most auto leases require that you maintain insurance. Failing to do so is typically cause for termination of the lease. If you can't afford insurance, you can't afford to drive.

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