You might want to consult a local attorney. The lender must have added on some fees, such as repo fees, attorney fees for judgement, collection,garnishemtn, maybe some repair charges to get the car running. Auction fees usually run 6-12% OF VALUE.
ASK the lender.
The LENDER keeps such records and will share them with you ultimately.
The lender should let you know, you can contact them and they should tell you.
It would go to a car auction and sold on to a new owner and may be sold for a price much less than it is worth
There is nothing you can do till the car is sold.
Yes.
The place to go to find out about repossessed cars being sold is through the USA government websites. The cars are being sold at auctions and this would be where to find out.
NO. It can be sold any way the bank wants it to be sold
Usually you will get a sale letter from the finance company or bank letting you know where the car will be sold, at what auction, and once it is over they will send you a letter of how much the car sold for and the remainder they will send you a bill for. This is concerning a public auction of your vehicle. If it was sold privately by the dealership or whomever, the only thing to do is call and ask.
They will auction the car and you will have to pay the difference of what you owe and what the car sold for.
Buying a repossessed car today can be a great way to save money, but be careful to inspect the car to be sure there are no hidden problems since they are typically sold "as is". Some dealers specialize in repossessed cars and you can also find them at a local auction.
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