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Private Party Repossession - Does the car HAVE to be sold and deducted from balance owed?
Themom51
Yes ,
In Alabama.
The purchaser has ten (10) business days to redeem vehicle by full payoff of their balance plus repo fees $$$ Repoee may demand you to sell at public auction. If this is demanded they are entitled to any amount collected over their balance plus repo expense you may claim. $$$ If vehicle sells for less than their balance owed , you may get a judgment against them for the remainder balance plus fees. Always add repo expenses $$$
If repoee does not demand sell ,it is your vehicle to do as you wish after ten (10) business days
Wiki User
∙ 12y ago
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Do the same repossession laws mandated by the State of California apply when you purchase from a private party?
NO see CALIFORNIA CODES BUSINESS AND PROFESSIONS CODE SECTION 7507
What is meant by debit balance of a party?
What is meant by debit balance of a party?
Who sings the song Private Party?
There is no song called "Private Party". However, there is a song called "Party for Two" by Shania Twain, which has the words "private party" in the lyrics.
When was Private Party created?
Private Party was created on 1990-08-14.
When was Private Beach Party created?
Private Beach Party was created in 1985.
Can debt be divided if he's not willing to file bankruptcy?
In most cases no, on a joint debt if one party files bankruptcy and is discharged the other party is liable for the entire remaining balance. This makes filing bankruptcy little protection from foreclosure, repossession, and other actions credits would still be able to attempt on the other party.
How do you say private party in spanish?
Some one is having a party and it is private = Fiesta privada As in a private person (Party of the first part...) = Parte privada
Who sings the party song?
There is no song called "Private Party". However, there is a song called "Party for Two" by Shania Twain, which has the words "private party" in the lyrics.
A private meeting of political party leaders was called a?
A private meeting of political party leaders was called a Tradition
When was Private Party Collectors Edition created?
Private Party Collectors Edition was created on 2000-12-05.
How long does an auto repossession and a home foreclosure after stay on your credit report?
NOTICE OF DROPPING PARTY DEFENDANT
What are your rights when it comes to a car that just has a payment for half of the remainder owed and the private party it was being bought from has repossessed it for personal reason?
If the repossession occurred in a state that does not permit self-help repossession, report the car stolen; it cannot be legally repossessed. Louisiana and Wisconsin are two of these states. If you can show legal possession of the vehicle, and on time payment, report the car stolen. It cannot be legally repossessed in any state unless the debt is delinquent. If you do not wish to involve LEO's immediately, contact the private party who "repossessed" the vehicle and explain that if it is not returned within a reasonable amount of time, that you will report the vehicle stolen and give his name as the party responsible. There is no legal "personal reason" for repossessing a vehicle.
