These entities regularly auction off repossessed cars. Places and times vary by bank and region, so call the banks in your area to get started.
One could search for repossessed cars for sale online at the websites provided by the companies Repo Direct, Auto Bid Master, Repos 4 Sale, Cars for Sale, Bank Repossessed cars and Repossessed Cars Sale.
He had seven cars, but the bank repossessed five of them. He had a cookie, but someone ate it.
The lender that you paid off, OR the lender who officially holds title per the registry of deeds. (You'd determine this by reviewing the title exam).
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.
It was never yours to give to the landlord. IF the landlord settled with the LENDER to get title, then YOU are out of the picture completely. EXCEPT for the garnishment of course.
Susan, what state are you in?? Who was the lender?? Laws vary by state. Email if you need too. Thanks
Depending on the bank used to finance the car, after failing to pay 3-5 payments the vehicle will be repo'd.
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.
If there is money owed to the lender with the vehicle used as collateral, the lender will be shown as a lien holder on the title and can if the contract is defaulted recover the vehicle according to the laws of the state in which it is registered. yes
You'll have to pay off the bank and get the title cleared.
Real property such as a vehicle or house is not dischargeable in bankruptcy. The debt must be reaffirmed, paid or satisfied or the property forfeited to the lender. That being the case, the person would not be entitled to a clear vehicle or land title from the lender simply because the debt was included in bankruptcy.