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Can a creditor sue you for a deficiency balance in the State of Oregon?
Wiki User
∙ 14y ago
Yes. The lender can sue you also for fees, costs, and penalties incurred in the attempt to recover the debt.
Wiki User
∙ 14y ago
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With a cross collateralized debt when the vehicle was surrendered can the creditor demand payment for deficiency?
In the state of Texas, yes the creditor can follow for the deficiency balance.
Can a car be repossessed if a Washington state bank lends to a Oregon creditor?
Sure.
What is a deficiency balance for repossession Louisiana?
The deficiency balance in every state as relates to repossession is the outstanding balance of the original principle plus fees accrued by the repossession process that remain after the resale of the repossessed vehicle.
What are Colorado's laws regarding deficiency judgments after a non-judicial foreclosure?
Colorado is a full recourse state. Creditors may pursue a debtor for a deficiency judgment for 20 years after the debt was incurred. Moving to another state could result in the creditor domesticating the deficiency judgment and then the new state's statute of collection limitations would apply.
What slave state was added to keep balance after Oregon had became a free state?
No state was added explicitly to balance Oregon. Kansas was the next state to join the Union, but it was also a free state.The failure to balance the oncoming succession of free states with slave states was a serious threat to the longevity of the "peculiar institution" and one of the major reasons for secession less than a year after Oregon's admission to the Union.
Is it true that you are not accountable to a creditor for any outstanding balance after an involuntary auto repossession in the state of Arkansas?
Not unless it is so specified in the lending agreement. There is no state statute that prevents a creditor regardless of the nature of the debt from seeking recovery of monies still owed on a valid contractual agreement.
Is Oregon My Oregon the state song for Oregon?
Yes, Oregon My Oregon is the state song for Oregon.
What state is Oregon in?
Oregon is not in a state, it is a state.
Why is the Oregon swallowtail butterfly Oregon's state mammal?
The Oregon Swallowtail butterfly is Oregon's state insect, not it's state mammal. The Oregon Swallowtail was named Oregon's state insect because of it's prevalence in the state of Oregon.
Why is Oregon state song called Oregon your Oregon?
Oregon state song is call "Oregon My Oregon". It is called Oregon My Oregon because you live their maybe?
What happens after a judgment of foreclosure on a mortgage?
In very broad terms, the judgment creditor can apply to the court for a writ of sale and have the sheriff sell the property at a public auction. The exact time line will vary by state and will depend on whether or not you are entitled to a deficiency judgment. For example, California has two different time lines. If a deficiency judgment is not available or the creditor waives the right to get a deficiency judgment, then the sheriff gives 120 days notice of levy and 20 days notice of sale. if there is the right to have a deficiency judgment, the sale occurs after 30 days but the owner has a 90-day right of redemption.
What is Oregon's state song?
Oregon, my Oregon.
