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Yes, when they auction it you will get back money if there is any left after the banks recovery expenses and the money you owe them. That is assuming the car is worth more than what you owe.
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∙ 13y ago
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If you have a customer with two car loans one is almost paid in full and the other has been repossessed can you hold the lien in Missouri on the paid off car until the repo'd car is paid current?
they get paid 1 dollar
How can you get your car back if you paid the car loan off but haven't paid the interest that occured over the years off and they still came and repossessed your car?
The car was repossessed one week before being off, now the creitor wants to charge me repossesses fees.
Can a car get repossessed from the impound lot if it has been completely paid off?
yes.
If your car was repossessed and you paid the loan off do you get the title?
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.
Can a car be repossessed after it is paid for if the buyer has a side note for a car repair that has not been paid in full?
Yes. Pay the repair bill off, ASAP.
Can your car be repossessed if there are children's safety seats in the vehicle?
Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back to you.
If the car is charged off will it be repossessed?
Definately
Is a repossession marked on your credit report when the car is repossessed or when the loan is paid off?
Think about it. IF the lender waited until the loan was paid off,zillions of repos would NEVER be reported. Sooo, they report them as they happen.
Your husband had a car repossessed back in 1999 and yesterday you were sent a notice that the company had placed a lien against your house and now you owe them almost 16000 - what can he do?
Pay them off. The interest keeps adding up until it is paid. It wil be paid when the house is sold before you see the money.
Do you still have to pay off the loan once your car is repossessed?
In almost all cases, YES. At the very least you will pay the difference in what the car sells for and the balance on the note.
What if the bank sells your repossessed car for more than you owe?
your auto loan gets paid off and whatever is left over goes to the bank
