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What happens if you get your car repossessed?
if i get my car repossessed, can they put a llien on the house?
In New Jersey does the borrower have to pay any loan deficit after a repossessed car is sold at auction?
Yes.
How can you get a new car if your previous car was repossessed?
I have seen it done, yes.
What happens when a car is repossessed and you are the cosigner?
You will also be liable for any deficiency balance
What happens to your credit after a car is repossessed?
Normally your credit is ruined for 7 years.
Car repo in ny?
A car can be repossessed in the state of New York if payments are late or defaulted. The only way to not get a repossessed is to make your payments on time.
What happens when your car is repossessed and they damage your car?
then you go and kick that person and repposses that car.... They call cops and you ignore those guys....
How do you pronounce 'New Jersey'?
New as in "New Car" and Jersey as in "Football Jersey". (NEYW) (JER_SEE)!
What happens if a car is repossessed?
Unless you contact the bank and work out a solution, they will sell the car. You will then be liable for the difference in what the car sells for and the balance on the note.
How can you locate your repossessed car?
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
What happens if you default on car loan in divorce?
The car will most likely be repossessed unless you make up the missing payments and penalties.
What happens when your car gets repossessed in the state of New Jersey?
You lose the car ... simple ... it is returned to the company that lent you the money to purchase it ... it then gets cleaned up and at the option of the lender either gets sold to someone else or it gets auctioned off. This is their right to do this - they own the car, not you ... if you don't have the clear title in your hands, you don't own it. If the car is sold for less than what you owe, the lending company can sue you for the balance.
