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If they send you the bill for the remaining balance after your car is repossessed do they expect you to pay the bill all at once and if you sell it for less than you owe how do you pay for the balance or sell it without a title?
Wiki User
∙ 11y ago
If they send you the bill for the remaining balance after your car is repo'd do they expect you to pay the bill all at once, **YES**if you sell it for less than you owe, **YOU must come up with the difference between what you sell it for and whats owed to get the TITLE B4 the sale is complete**how do you pay for the balance lump sum, payments, garnishment of your wages, lien on other propertyor sell it without a title?**YOU DONT**this answer may be too long for this board so email me and Ill do a better job. It is NOT easy but VERY rewarding.
Wiki User
∙ 11y ago
Wiki User
∙ 6y agoYou cannot "sell" a car without the title because the title is proof of ownership. Without the title the buyer can't register and insure the car.
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Can a loan company repo car at 12am on a Saturday?
Legally, once you have defaulted they have the power to take your car at any time...even after dark. Many cars are repossessed at night as the repo men can expect less chance of confrontation when you are sleeping.
What is the most important factor to consider if you expect to carry a balance on your credit card from time to time?
To pay the balance off before the quoted term is due, afterward interest will be charged. Cards may have daily, monthly, or yearly rates.
How do credit card balance transfer fees work?
Balance transfer fee guidelines have changed beginning in 2007 and into 2008. Most creditors still have either a 3 or 4% balance transfer fee with a minimum of $5. However, there is no longer a maximum charge on balance transfer among most credit card issuers. This means that a balance transfer on a $10,000 offer could cost you $300 or more as a balance transfer fee. Furthermore, this balance transfer fee is often added into the next month's payment. This could cause this payment to be $300 higher than what you were expecting, which could make it hard to make the required minimum payment. Of course, if you miss that minimum payment, expect to see your interest rates skyrocket!
How soon after defaulting on a car loan can a creditor repossess your vehicle?
Initially the lender will send out a default notice requesting immediate repayment. There is usually a time frame of 14 days to make this repayment. If payments are not made, the lender can immediately apply to the courts for a repossession order and in theory they can take the car straight away. In some cases this does actually happen and cars are known to be repossessed within days of the expiry of the default notice. In most normal repossession cases you can expect the car to be repossessed within a month or however long it takes for the repo man to find you and the car...
What can happen if you miss time share's monthly payments?
What can happen if you miss your time share's monthly payments depends on the contract you have with the company you purchased the time share from. In most cases you can expect that eventually the time share will be repossessed by the lender and sold to someone else. You will still owe the money that remains on your contract, even if you don't have the time share any longer.
Can a vehicle be repossessed in the commonwealth of Virginia without any type of written or verbal notification because you are one payment behind on a note you've paid 45 of the total 50 payments?
Yes. Once you have forfeited on the contract, it is void. The lender at that point can legally expect payment in full. Toward that end, they may take the vehicle and sell it to pay a portion of the balance.
How Do you find out for free if your repossessed vehicle a month ago has been sold and for how much?
You really don't. Bt you can make an estimate. Take the amount owed on your loan at the time of repossession. Once the car is sold, the lien holder will contact you. See, they're not likely to get the full amount owed by you at the auction, so there'll be a remaining balance. They're going to expect you to pay that back still. They'll tell you what that amount is. So you subtract that amount + repossession and storage fees from the balance you had prior to the repossession, and you'll get a rough idea of what it was sold for at auction.
Can you close your checking account if you have a balance left on your VISA card?
Yes, you can close your checking account even if you have a balance left on your VISA card. However, closing the account will not eliminate your obligation to repay the remaining balance on your credit card. You will still be responsible for making payments on the outstanding debt.
Can a vehichle be taken in the middle of the night without warning for one late payment?
it depends on what state you are in , some states require banks to send you a right to cure via certified mail demanding you pay the past due balance or the vehicle will be repossessed, as far as the middle of the night, well when would you expect the repoman to come. your personal property that's in the car should be turned back over to you but sometimes they will charge you to return it. there is a website that covers personal property return, right and wrongs comitted by the repoman, and the fee's you would expect to pay. CHECK OUT www.stoptheREPOman.com they should have alot of the answers you are searching for.
If a person's cerebellum were damaged in an accident you would expect the person to have a problem with what?
Balance and muscle coordination.
When you rent and the house is gettin repo?
If the property is being repossessed, you should expect to have to vacate. That is because the owner no longer has control of the house he is renting to you. Alternatively, you can try to call the lender and make new arrangements.
If you were involved in a car accident and it was not your fault are you resposible for the balance of the loan?
If the other party has insurance, then their company needs to pay off the balance. you are but you can sue their insurance for the loss but the creditor will expect you to owner the contract(the loan)
If you expect the unexpected does that mean the unexpected is expected is expected?
Not expected; coming without warning; sudden.
Do they expect you to pay for the car's remaining balance with a voluntary repo if you turn it in and do not want it back?
The bank doesn't want the car either. It will probably be sold at auction to a dealer for the WHOLESALE price. You will still owe the difference between what you owed and what they get PLUS their expenses. Banks are in the MONEY biz not the CAR biz. Yes, they will get $$$$ but not enogh, so naturally they want MO MUNY.
What rights do you expect from the institution you will work in?
It is advisable to know your rights in the workplace. You should expect to be treated fairly and without prejudice. You should expect a work environment free of physical, verbal, mental, and sexual abuse.
When most populations of a wide ranging amphibian species are lost and the few remaining populations are widely separated you expect to see that?
gene flow between populations is reduced
How do you spell unsuspend?
Unsuspend is spelled like this: U.n.s.u.s.p.e.n.d expect without all of the dots.
