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Yes, they also have to send you official letter from auction at the price they sold it to deduct from the amount you own to the bank.

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Q: Does a lender need to notify you before they sell your car they repossessed?
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Can a repossessed car be voluntarily returned to a dealer in a state other than where it was purchased?

YES you can. Just notify the lender where you dropped it off. No need to let it sit at a dealership for 2-3 months doing nothing waiting for the lender to locate it. That will save you a lot of phone calls from the lender also.


How can you find out if your car is going to be repossessed?

call the LENDER and get it straight. If you are current, they need to CLOSE the acct. with the repo co.


How do you voluntarily let your car be repossessed?

You need to give the car to the lender - if they are too far away then you need to call them and tell them where it is and ask them how they want to get it.


How do you reacquire your car after its been repossessed?

You contact the LENDER. Very simple. Have the bank /lender fax the exact amount you need to pay and tell them you want the repo fees included in that number.


Can you deed your home over and keep your name on the loan?

You need to notify the lender of any changes in ownership. They will then call in the loan.


How you do get your car back after being repossessed?

You need to contact your lender to see if they will work with you on getting caught up on your back payments. Some state laws allow the lender to require you to pay the vehicle off in full and some state laws require the lender to return the vehicle to you if you can catch up on the amount you are behind. You need to check your state law and contact your lender.


After you pay off a vehicle when it was repossessed can a lender refuse to return it unless you pay off other unpaid debts that you have with the same lender?

I think that you need to pay what you owe. You should call them and see what their policy is. I wish you luck:)


Does a bank or finance company have to tell you how much your repossessed car was sold for?

Susan, what state are you in?? Who was the lender?? Laws vary by state. Email if you need too. Thanks


Do you have an opportunity to make good on the payments and recover the vehicle in California once a car has been repossessed?

YES, you should get a notice from the lender outlining what ya need to do.


Can a lender repossess a vehicle without reaffirming the original lending agreement with the borrower?

Yes. Once the original contract is in default the lender can begin repossession proceedings under the UCC laws. In the majority of US states the lender does not need to notify the borrower or obtain a replevin order from the court.


What can you do to have your name removed as co-signer if the borrower signed your name?

That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.


Do you need to notify mortgage co if you have changed your homeowners policy with a different Insurance Co?

Generally your lender requires you to keep up-to-date proof of insurance on file with them.