toe for each day you dont pay, when your toes are gone, then the fingers, after fingers kneecaps, then hands, after hands fore arm, then running accordingly up toward to torso.
Yes, and they often do.
you do.AnswerDepends what state you are in, but where I am, it is called "surplus" funds and they are owed to the debtor. AnswerI think in biblical time that was referred to as a MIRACLE. Vehicles almost never sell for more than what was owed on the loan. Most end up with a deficiency that the debtor still owes. If your car sold at auction for more than you owed I would take the remaining money they owe you and get to Vegas quickly cause you are darn lucky...
He sold the patent because he owed a man fifteen dollars. He it to the man he owed money to for four hundred dollars.
if you have our executors you will never get your money
The owner of the property may be asked to sign a note for the balance of the money owed or the lender may just forgive the debt entirely.
They will try and get the balance from you either through the courts or thru negotiations with you.
Yes, you are responsible for the difference in the balance you owed and the amount they sold it for. i.e.: owed 50,000, they sell it for 30,000; you still owe them 20,000.
They don't pay for them. If there are no assets, those owed don't get paid. If there are assets, say a house, they are sold and used to pay the debts.
You would have to do that anywhere.
To redeem collateral, the creditor sends a letter authorizing an employee or person to repossess the vehicle. The VIN number, as well as any amount owed, must be displayed on the document. This way, if the client wants to pay the money owed he/she can do so. At that time, after paying all monies owed, the secured party can not repossess the vehicle, and the payment agreement continues for the duration. If the money owed is not paid, after the vehicle has been seized, the police are notified that the vehicle has been repossessed. This way, if the person who owned the car phones the police, the police can let them know that the car was repossessed. The vehicle is stored for 30 days to give a chance for the client to pay off the amounts owed. If not paid, the vehicle is sold. The creditor has to try to get full market value. If the vehicle is sold for less than the money owed, the client is on the hook. If sold for more than the material value, then the client receives any residual money left over after ALL creditors have been paid.
They thought it wouldn't make any money, so they sold all the rights for $700.
A repoed auto is usually sold far below its retail value. If you have a chance to sell it yourself and pay off the loan before it is repoed you will be dollars ahead, even if you lose money on the deal.