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In California if the bank repossesses your car do you still have to pay the loan off?


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Wiki User
2005-01-29 14:10:39
2005-01-29 14:10:39

YES.

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If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.

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Patrick, the B/K proces hasn't started until you get the magic "case #". be sure to tell your B/K attorney about the car loan. S/he can give you more info on the process. Good Luck

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If you still owe on the car (whether matured or not), the bank can take it if you don't pay. It belongs to them until the loan is paid and the title is sent to you.

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Wells fargo is a bank were you can get a home equity loan. Bank america as well. US Bank, HSBC, are other banks that offer a home equity loan. Bankrate's website can offer tips and advice on rates and calculators.

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You can visit your bank and speak to a representative in order to get a home loan in California. Houses in California are very expensive, so be prepared with good credit. You can also visit a mortgage company directly.


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