answersLogoWhite

0


Best Answer

Yes, the lender can file suit for the outstanding amount and if they receive a judgment they can execute the judgment in the manner in which the laws of the judgment debtor's state allow.

User Avatar

Wiki User

โˆ™ 2009-04-15 13:26:47
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

โžก๏ธ
See all cards

Economics

30 cards

The existence of an international division of labor among countries enables those countries to have what

What provides a bank with collateral on a car loan

What is one of the disadvantages of getting a government-sponsored mortgage

What does a good credit history do for consumers

โžก๏ธ
See all cards

Economics

31 cards

The existence of an international division of labor among countries enables those countries to have what

What provides a bank with collateral on a car loan

What is one of the disadvantages of getting a government-sponsored mortgage

What does a good credit history do for consumers

โžก๏ธ
See all cards

Add your answer:

Earn +20 pts
Q: Can a judgment be placed on you due to a deficiency in a repossession?
Write your answer...
Submit
Related questions

Can they place a lien on your business property in Maryland for a deficiency judgment which is against you ex-husband in addition to you?

If both parties are named in the judgment, then a lien can be placed against the property of either or both parties. There may be, however, the possibility of appeal and removal of one party due to the dissolution of marriage.


What diseases relate to poor nutrition?

You have marasmus due calorie deficiency. You have Kwashiorkar's syndrome due to protein deficiency. You have night blindness, Bitot's spots, keratomalacia, corneal ulcer, blindness and toad's skin due to Vitamin A deficiency. You have rickets and osteomalacia due to Vitamin D deficiency. You have dry and wet beriberi and Korsakoff's psychosis due to Vitamin B one or thiamine deficiency. You have angular stomatitis due to riboflavin deficiency. You have Pellagra due to niacin deficiency. You have macrocytic anaemia due to folate and cynocobalamin deficiency. You have scurvy due to Vitamin C deficiency. You microcytic hypochromic anaemia due to Iron deficiency. You have goitre due to deficiency of iodine.


What are your rights if a collection agent has recently began calling about the balance due on a 13-14 year old repossession?

DID the lender get a judgment for the balance due? Demand verification of the debt from CA. NO verification, NO PAY...


What if someone did not reaffirm their car after they went bankrupt and missed four payments what will happen?

Your car will likely be repossessed if you did not sign a reaffirmation agreement. If it was included in the bankruptcy, but just not reaffirmed, however, a judgment can not be placed against you for past due amounts or any balance owed. They can, though, slap you with a repossession on your credit record.


Pellagra is caused due to deficiency of?

It is due to the deficiency of Vitamin B3 (Niacin)


What is a deficiency judgment tied to property and how do you benefit when trying to rent an apartment?

I will answer the 1st part of the question "What is a deficiency judgment tied to property".A deficiency balance is whatever is left of a loan when the security has been sold--such as a repoed car is sold for less than the loan amount plus repo costs, storage, title & taxes, the balance remaining on the loan after applying what the car sold for is a deficit balance.A judgment was filed by the lending company to recover whatever money is still due them anda judgment automatically ties to real estate property if the borrower owns a home.


How long is a writ of execution good for?

A writ of execution is a judgment that is placed on an individual or business due to debt. A writ of execution is normally good for 10 years, and then another one needs to be filed to extend the judgment.


What diseases are due to lack of vitamins?

Scurvy is due to a deficiency in vitamin C. Rickets is due to a deficiency in Vitamin D. Pernicious anaemia can develop from a deficiency in Vitamin B12.


Can you get a repossession off your credit if you pay the past due amount immediatley?

Actually, it doesn't just come off your record. It will show as a repossession, but it will show as no balance due.


Can a lien be placed on your personal property by a credit card company if the account is in arrears?

A creditor must follow due process as prescribed by the laws of the state where the debtor resides. For a lien to be placed against real property the creditor must first sue the debtor, be awarded a judgment and enforce the judgment as a property lien.


Do boils appear on your skin due to vitamin deficiency?

what is your vitamins deficiency if you have boils


Chlorosis are due to ------- deficiency in plants?

Salt


In Georgia should you do a voluntary repossession or just repossession?

The second to last sentence should read - Never will a voluntary repossession cost you MORE than a forced repossession. A repo is a repo. Voluntary Repos will, in most cases, save you money due to the cut in fees associated with the repossession. In some cases these fees will not be any less and the cost of a voluntary repo and the cost of a forced repo are the same. Never will a voluntary repossession cost you less than a forced repossession. Either way, voluntary repossession is the decision I would make, due to the possibility of a lesser cost.


What is the lack of the ability of the body to carry oxygen may be due to a deficiency?

A lack of the ability of the body to carry oxygen may be due to a deficiency in


When the borrower agrees to a voluntary repossession but their mother contests the action is that a wrongful act of repossession?

No, if the vehicle is subject to repossession due to a default in the lending agreement, it is irrelevant whether or not the parent agrees to the action.


What is the concept of repossession about?

Is is common knowledge that the concept of repossession is the taking back of property by a lender or seller from the borrower or buyer, usually due to default.


What may be the Deficiency disease caused due to lack of nutrition in apple?

scurvy, from vitamin C deficiency


Anaemia occurs due to the deficiency of?

Iron Anaemia occurs due to the deficiency of ironas well as folic acid.


What are Diseases due to deficiency of fats?

Anorexia


What deficiency in plants due to chlorosis?

lack on magnesium (Mg)


What is the process of house repossession?

House repossession refers to the process by which a financial organization takes ownership of the house as collateral due to failed payments or inability to pay.


What is the difference between malnutrition maramus and kwashiorkor?

kwashiorkor is a syndrome due to severe protien deficiency whereas maramus (marasmus) is a syndrome due to a deficiency in both protien and calories.


Can you be forced to pay the balance due on a repossession from 1986?

Demand VERIFICATION of the debt. Dont say or do anything until you have verification in your hand. THEN you can prceed to make a plan. Someone somewhere had to have gotten a JUDGEMENT against your husband for the balance owing. The judgment has to be in effect for them to try to collect.


Does calcium deficiency cause convulsions?

Yes. Our newborn was hospitalized for a week due to a calcium deficiency. She was having seizures.


If you make one payment when payments are behind can this stop the repossession?

Check your loan contract, but in most cases (99.99%) if the payment does not represent the total past due amount, or if you do not have arrangements with the lender setting asside repossession actions in lieu of payment arrangements, no; one payment toward a past due balance will not stop or delay repossession of the vehicle.