yes they can...but it also depends on state laws too
It is very difficult but if you have a good relationship with the bank they may allow you if you pay some of the debt down.
There are many websites one may peruse to find repossessed houses for sale. Some of these websites include Bank Foreclosure Sale, House Buyer Network, and Bank Foreclosed Listings.
check this site
Actually one, I have repossessed cars for BMW where there customer was three days late. it all depends on the states laws I have a website that may help you avoid having your car repossessed. www.stoptheREPOman DONT LET TTHE BANK TAKE YOUR CAR BACK!
What is the difference between bank loan and bank credit?
Bank or loan company who repossessed it.
Whatever the bank sold the car for they deduct that from the balance owed, and you pay the difference
The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.
They will auction the car and you will have to pay the difference of what you owe and what the car sold for.
When your car is repossessed from the bank, the bank will sell it, usually at an auction. You are responsible for the difference of the selling price and what you owe on the car.
If your car has been repossessed by the bank for missing payments, the quickest and most efficient way to retrieve your vehicle is to contact the bank and make your back payments. When contacting the bank about back payments see if there is a new payment plan system that you can set up with them that is more beneficial to you, to avoid having the car repossessed again.
The person who bought the car didn't make payments so the bank takes it back.
When your car is repo'd and it is auctioned off you are to pay only the balance of what you owe on the loan. So if you owed 10,000 and is sold for 8,000 you pay the balance of the loan whic is 2,000. If you have collections on your credit report call and have it investigated this way they cant keep renewing it for 7 years.
call the bank, they are the only ones that can release the vehicle to you, good luck :)
It gets repossessed again.
It means the bank, or whoever loaned you the money for the car, will send people out to take it back.
You will have to ask your bank about that. They are in control now.