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You NEED to show up with proof of your little to no income. This is your chance to convince the lender that the chances of repayment are slim to none. If you dont show, they get a default judgement.

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โˆ™ 2004-09-12 13:52:37
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Q: What happens after court proceedings have been filed in Florida if you have little or no income and had the vehicle voluntarily repossessed?
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What happens if your mobile home is voluntarily repossessed?

You may still end up owing a lot of money on it ,and you won't have it ! State laws vary on this - better to negotiate a settlement of some kind.


What happens if a car was to be repossessed and it didn't happen?

You are lucky. If you cannot make the payments contact the lender and try and work something out. If not voluntarily turn the car in yourself. You will save yourself the repossession fees.


What happens in Texas if you voluntarily have your car repossessed and money is still owed after the car has been sold at an auction?

Chris, I dont know the answer to the question YET. I will find out today. Email me latyer on and Ill have it for you. What does the lender "say" they will do???


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What happens to you if your car is repossessed?

You loose your car...


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You end up with HORRIBLE credit if you don't pay your bills and you let your possessions get repossessed.


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then theyre out of a home


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You will also be liable for any deficiency balance


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They are sent to an auction and sold.


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What happens when a car is voluntarily repossessed?

You do not want your car repossessed for any reason! it will ruin your credit, you will still have to pay for it once it sells for less than what you owe at auction, and eventually a repossession catches up to you! What you can do to save your car is contact *CAR HELP USA* tHIS company will lower car payments, lower interest rates, get you current with your auto loan, stop repossession, refinance, and save your car! You will need to act quickly as a volunrarily repossession does not answer ANYTHING!


What happens if your repossessed house is sold for less than what is owed?

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What happens to a co-buyer if the car is repossessed?

Same thing that happens to the buyer. Lender persues their legal options to collect the balance due.


What happens when your leased vehicle is repossessed?

READ your lease contract. It should specify the results of repossession.


What happens to cars after they have been repossessed?

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What happens to cars that have been repossessed but not auctioned off yet?

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What happens if they can't find the motorcycle to be repossessed?

Edit: They should replace it. Original: you win.


What happens to your credit when you give a car back to the bank?

You are not giving it back to the bank, you are having your car voluntarily repossessed. It ruins your credit for 7 years. Which may sound like a bad thing, but in reality will keep you from buying more car than you can afford for the next 7 years, which is a good thing. Remember if you do this, you will still be responsible for the difference in what the bank sells the car for, and the balance on the loan.


What happens when you take a car out of state when it is being repossessed?

I can can be legally repossessed no matter where it goes in the USA. As long as the repossessor can find the car and identify it as the one to be repossessed. It may not be cost effective if it is a long distance unless the vehicle is of greater value than the cost of returning it and paying someone to do that. They can also wait until you return.


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Yes. For any amounts not recovered insluding repo costs.


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The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.


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confession happens voluntarily, guillty plea after being charged.


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