answersLogoWhite
Debt Collection
Foreclosure
Lawyers

Can you negotiate the deficiency balance that you will repay with the law firm representing the lender?


Top Answer
User Avatar
Wiki User
2017-06-21 21:46:11
2017-06-21 21:46:11

ANY SERIOUS offer will be listened to.

Related Questions

User Avatar

It helps your pocket but NOT your CR. The repo is still there unless you negotiate with the lender to remove it also.

User Avatar

Yes, a lender can file for a deficiency judgment in Indiana. The court has to approve the judgment in order to prosecute.

User Avatar

As soon as the lender sells the car, they will know what the balance due is. Then they will come after the money. You will know when that happens.

User Avatar

Yes. The lender can sue you also for fees, costs, and penalties incurred in the attempt to recover the debt.

User Avatar

Unclear whether the deficiency would be filed by the lender or by the trustee of the bankruptcy estate.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.