You have to look at the papers that you sign with the car dealer. Typically they make you sign an agreement to bring the car back in the event that they can not get you financed. If they did not have you sign something, then they will probably hold the note themselves and then you have to pay the car dealer. But the short answer is yes, you can not keep the car if you can not pay for it.
when writing up a sales agreement, you can include a statement like, "pending finance." only if a bank then deny's you financing... then you can give the car back
The SELLER won't give back anything. You'll have to finance the home for 10% MORE than the asking price to get back what you need. If the value of the house isn't there, the bank probably won't finance it. You may have to work with someone who understands what you're doing and is willing to finance for over the current value.
find out another dealer who can finance your car.
IF the bank/dealer cannot obtain financing, THEY have to rectify the situation back as before the deal fell thru. Call a local attorney for state specific advice.
Well, yes, there is. It is called the loan or finance agreement you signed when you got the loan for the vehicle. When you sign that, you give permission for the bank to repo the vehicle if you don't make the payments. Unless you are talking about a "Voluntary Surrender", if that is what you are talking about, just call your bank and they should have one.
You give your car back to the bank after filing bankruptcy, the bank will ask your attorney for the vehicle back and give you a certain amount of time and the location to return it to. Definitely do not give it back before you file you will need to have it discharged legally from your debts.
They can keep the money you already paid.
When the bank foreclosed on the house, they took it back. Now it's time to move out.
To give a flat which is mortgaged to SBI on rent in mumbai for 11 months under leave and licence agreement do you need NOC from bank Once the agreement is ready do I need to register it immediately do I need the following documents for this purpose 1. NOC from bank 2. NOC from builder/society 3. Police verfication of the tenant 4. Registration of agreement in the court
Go to the bank or finance company and tell them what you are doing. Don't give the seller any money untill you have worked it out with the finance company.
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.
no of course not, it sends you back in time(;