you need to call the lien holder or the police they should have a log of all repo's done in the town u are in. Also you will not find out what the car was sold for until after it is said and done. most states you have so many days to get the car back.
The difference between the sale price & loan balance is what they will bill you for.
You can find information on repossessed car auctions on websites such as Absa (under repossessed cars), AutoBidMaster and RepoDirect. Depending on where you live there can also be local sources of information.
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
The LENDER keeps such records and will share them with you ultimately.
The lender who holds the note on your car, is the one that repossessed your car.
You have no choice.
No, you must surrender the vehicle in the condition you received it in.
ASK the lender.
The local police or the lender can tell you who has the car.
You are unless it's a TITLE LOAN, they usually write it off.
As soon as they sell the car so they will know what the balance due is.
Unless you contact the bank and work out a solution, they will sell the car. You will then be liable for the difference in what the car sells for and the balance on the note.
YOU DO, if there's anything left after the sale. Remember, if they sell at auction, it will be wholesale and NOT as much as you would pay for it.
The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.
no, they will sue you for the balance owed after the sale
If your car is repossessed and you want to get it back, you can contact the finance company and clear any outstanding payments. They may agree to return your vehicle to you if they have not already sold it but be warned that lenders try and sell repossessed vehicles as quickly as possible to try and recoup funds. The finance companies often sell the repossessed vehicles at a car auction. Here they can be sold "as seen" and at a lower price than market value, thus they can be sold quickly. It is often possible to find out which auction your car is being sold at and you can get your repossessed vehicle back yourself by attending the car auction and bidding.
In most states, the lender will sell the car. If they sell it for more than you owed, they keep the extra money. If they sell it for less than you owed, they send you a bill for the difference.
they sell the auto at an auction sell it to the highest bidder and you the remainder
if i get my car repossessed, can they put a llien on the house?
Your option is to CALL the lender who had it repossessed and find out how much it will cost to get it back. Repossession is a matter between YOU and the LENDER. There is no state agency that oversees the process.
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
When your car is repossessed, they sell it for what they can get. Value has nothing to do with what price it brings. They simply get what they can. You are then responsible for the difference in the amount they sell the car for and the balance on the note. Your credit is then ruined for 7 years. This is why having a car repossessed is a horrible idea, and should be a last resort.
yes if you car was repossessed in Maryland and the dealer has a security intrest on the tittle they can apply for a repossession tittle and sell the cars as soon as they have a tittle
No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.
No, but your car can be repossessed if you don't make the payments.