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California

What are your rights in California if your car was sold 1 week after it was released back to you after repossession?


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Wiki User
2015-07-17 17:40:12
2015-07-17 17:40:12

I don't understand how they could sell the car IF you had redeemed it. Got more info???

I am the original author of the question....my car was repossesed and we made arrangements with the financing company to pay off the back amount due and re-finance the loan. We signed the contract and 3 business days after we signed it (before we could even pick the car up) their storage place auctioned off the car. It seems as if the finance company didnt get the release info to the place holding our car in time. What are my rights in CA now in either getting the car back or getting the finance company to write it off?

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After a repossession, you will need to pay a fine usually. For example, if this was a car being repossessed, you would have to pay a certain amount to get it back.

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Is is common knowledge that the concept of repossession is the taking back of property by a lender or seller from the borrower or buyer, usually due to default.


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