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Can a car be repossessed if i owe less than 10 percent of the loan?
Wiki User
∙ 12y ago
Yes, you must pay the entire loan off.
Wiki User
∙ 12y ago
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If your vehicle is repossessed but is worth far more than the unpaid balance of your loan when they auction it off will they pay you the remainder?
Laws says IF it brings more than you owe, you get the surplus. IF it brings less than you owe, you PAY the defiency.
Can they take income tax check if get repossession in Arizona?
They can take whatever the security for the loan was. For example, if you have an auto loan, they can repossess the auto. If you have a home loan, they can repossess the home. If the loan was a recourse loan and the value of whatever was repossessed was less than the amount still owed on the loan, they can get a deficiency judgment in a court of law. If the court grants a judgment, they can they take other assets.
Is it legal for the car to be repossessed and still require payments to be made?
Generally, if the car was sold for less than the amount owed on the loan the lender may demand that you pay the remaining balance owed.
Is 0.45 percent less than 0.01 percent?
NO. 0.45% is not less than 0.01 %.
What happens if your repossessed house is sold for less than what is owed?
You owe the difference I think.
Can your car be repossessed if you have no other vehicle and are less than a month behind?
YES. Read your contract. Does it say the lender cant repo IF you have no other vehicle? I think not. Less than a month behind??? Some lenders will repo when you get 3 days late. Any time you are in DEFAULT of the loan, the lender CAN repo. They may not, but they can.
Is there any way to get a repossessed car back in Maryland?
You will have to contact the holder of the loan and make arrangements to get current and pay the penalty BUT They can refuse anything less than 100% payment with additional fees because they had to spend the money to repo it.
Is 50 percent less or greater than 55 percent?
less
Is 1 percent greater than 5 percent?
NO. 1 percent is less than 5 percent.
Is 5 percent greater or less than one half?
5 percent is less than one half
Is 333 percent less than 178 percent?
No, it is not.
Is 08 percent less than 06 percent?
No.
