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NO...but you can CALL the lender and ask to pay it off.. Virginia TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: Virginia Department of Motor Vehicles, P.O. Box 27412, Richmond, Virginia 23269-0001. Tel.:(804)367-0063. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: If Virginia title, must be in the name of the lien holder. Will accept repossession affidavit from other states. PLATES: Remain with debtor. http://www.virginia.us/cmsportal/ http://legis.state.va.us/Laws/CodeofVa.htm
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Does a finance company have to auction a repossed car in Florida?
Yes, a finance company or a bank is required to send the vehicle to an auction to dispose of it.
How long does the finance company have to hold the vehicle before they can auction it off?
20 days.
What happens when your return a car to finance company?
It is treated as a voluntary reposession and it still hurts your credit. They will auction the car and you will pay the difference of your loan and the amount they get from auction.
A Finance company to finance sales for your Company?
Infrastructure Leasing & Financial Services Limited is an Indian state-funded infrastructure development and finance company.
How much will a finance company sell a HD motorcyle for after repossession and where will they sell it?
It will be sold at auction at a lower price than the dealer will sell it for.
In pa when a vehicle is repossessed does the finance company have to tell you what their doing with the vehicle?
Usually, they do not have to tell you what they are about to do to your vehicle. But, the procedure is is that they will sell your vehicle in an auction.
Where is the car after repossession?
It depends, but as a general rule, the finance company that repossed it will keep possession of it, either on their own lot or at an auto auction for a certain number of days (usually 30-60) unless you pay the balance to get it back. After that, they will send sell it at auction and you will owe any deficiency balance. In other words, if the balance on the car is $7000 and it sells at auction for $5000, you will still owe $2000 to the finance company.
Can you be sued if you let your mobile home be repossessed?
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
When cars are repossessed where does the finance company have them taken?
They usually take them to auction after a brief storage period either at the collection agencies or lending institutions yard.
If your truck is repossessed in Oklahoma is the finance company reqiured by law to get as much of the owed balance as possible.?
No. They will sell the truck at auction and it will bring what it will bring. You are then responsible for the balance.
What is OASIS finance?
A finance company. Location:
When was Home Finance Company created?
Home Finance Company was created in 1990.
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