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Contact the lender immediately. Remember they will get their money one way or another. If more than a year past due on payments the vehicle has most certainly been charged off. You will need to make arrangements to pay the residual lest you wish to pay court costs on top in the long run.

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Q: Auto loan hasn't been made in over a year and lender has not contacted you what do you do?
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Can my wages be garnished to pay the balance of my auto loan after my car has been reposesed?

That depends on if the lender uptained a judgment againt you. They would have sought a judgment if the value of the car exceeded the balance of the loan at the time it was reposesed. Some peole are stupid enough to intentionally make their car worthless if it's going to be reposesed. The differanc between the value of the auto and the loan is what the lender will go after.


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Do you have to have a deed for someone to pay off your mortgage?

No. If you have a mortgage the person can contact your lender to obtain a pay off amount, in writing. The lender will send a discharge to you (that must be recorded in the land records) or to the land records office when the balance has been paid.No. If you have a mortgage the person can contact your lender to obtain a pay off amount, in writing. The lender will send a discharge to you (that must be recorded in the land records) or to the land records office when the balance has been paid.No. If you have a mortgage the person can contact your lender to obtain a pay off amount, in writing. The lender will send a discharge to you (that must be recorded in the land records) or to the land records office when the balance has been paid.No. If you have a mortgage the person can contact your lender to obtain a pay off amount, in writing. The lender will send a discharge to you (that must be recorded in the land records) or to the land records office when the balance has been paid.


Can you continue making payments on a car loan that is in the name of a deceased parent?

You should find the sales receipt. It might state on there what will happen. Regardless, payments need to be made and you should tell the loaner that she is deceased. You might want to contact a lawyer to make sure things go the way they should. * If the vehicle was not part of the inheritance the lender should have been contacted by the executor or administrator of the deceased's estate. If the vehicle was part of an inheritance then the beneficiary may contact the lender to arrange refinancing or refuse the "gift" and allow the vehicle to be recovered by the lender. In either case, a family member cannot simply keep the vehicle and continue to make payments without notifying the lender.


If a bankruptcy has been discharged but still reflects as pending on the title insurance policy due to the fact the trustee needs to close out will that affect the new lender's lien position?

It won't affect the lender's lien position but their policy. Most lenders won't close the loan if the bankruptcy has not been discharged. If you have been given the discharged paper, you can give a copy of it to the lender and the title company so that they have it in their records.

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