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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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โˆ™ 2004-07-08 09:15:32
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Q: 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?
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What are the Texas vehicle repossession laws?

If i have a vehicle repossessed in the state of texas, is there anything that requires me to pay off balance after vehicle is sold at auction?

You voluntarily surrendered your car it was sold at auction then you were notified it was still in your name and found abandoned in Texas do you have any rights to further money from sheriffs auction?

I assume that you owed money on the car, defaulted, and the car was repossessed by the lender. At the time of auction, the title should have been transferred. The title should have been transferred when the car was sold. The auction house didn't handle the paperwork properly and will have a real mess to straighten out. But that does not entitle you to profit from the sale.

Where do you get a Car Auction licenses in Texas?

Where do you get a car auction licenses in Texas

Can TVs be repossessed in Texas?

Yes, TVs can be repossessed in Texas. The television that is purchased on a rent-to-own plan or that is in the process of payments for ownership can be repossessed if those payments are not made in a timely manner.

In Texas can a car be repossessed if it is blocked by another vehicle?


What are your rights if your car is repossessed in Texas?

If your car has been respossessed, you no longer have the right to continue paying it off because they have lost faith in your ability to make payments. The bank has already paid about 500 to a tow truck driver to find and recapture the vehicle. However, you could buy it back at auction. See your bank for the auction date.

Does the state of Texas allow garnishment of wages for a repossessed house?

No In Texas your wages can be garnished by the IRS or Child Support only

What is the time limit to recover a repossessed vehicle in Texas?

thirty minnuts after the repossession of the car.

If your RV was voluntarily repossessed can they take your small retail business in Texas which is not incorporated?

In connection with a voluntary repo? No. If there was a court case and the small retail business was included as part of a judgement, yes. They can only take your business if it was put up as collateral for the Rv loan.If it was not incorporated is it a DBA?Check with an attorney.

Does the person holding the note have to provide written notice that the vehicle is to be repossessed in Texas?

A written note

What is the time frame to repossess a car in Texas?

Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.

I live in Houston Texas. my car was repossessed from a auto repair shop. can they keep my car forever.?

yup The creditor who repossessed the car has to sell it (usually at auction) within a reasonable amount of time (2-3 months). They have to notify you that it will be sold. They have to give you any amount above what you owed plus reasonable attorney and other fees, or if there is a deficiency (the sale price and fees was less than what you owed), they can sue you for the difference.

Can a vehicle be repossessed from a locked garage in Texas?

The car can only be repossessed from a locked garage if the car is spotted in the garage from a window or a crack, but the repo company cannot enter the garage if the car was not visibly spotted.

What happens if your mobile home is voluntarily repossessed in Texas and it is on property that you own seperately from the mobile home?

"Voluntary repossession" basically means you're telling the lienholder "Come repossess this; I'll make it easy for you." Since the lienholder has no interest in the property, that means they'll come take the mobile home itself (or you could take it to them), but the property itself won't be impacted except to the extent necessary to drive in a couple of tractors to haul away the mobile home.

When your car is repossessed in Texas are they allowed to open it?

YES, they have to get your Personal Property out to inventory it and store it until you pick it up.

What are the release dates for Storage Wars Texas - 2011 Puffy the Auction Slayer 4-26?

Storage Wars Texas - 2011 Puffy the Auction Slayer 4-26 was released on: USA: December 2013

Does the state of Texas allow garnishment of wages for a repossessed vehicle?

garnished wages in Texasno the state of Texas does not garnish wages for no debts unless it is IRS related or student loans or anything dealing with government loans.

What are the release dates for Storage Wars Texas - 2011 Mary Defeats Auction 2-25?

Storage Wars Texas - 2011 Mary Defeats Auction 2-25 was released on: USA: 2 December 2012

What are the release dates for Storage Wars Texas - 2011 Puffy the Auction Slayer 3-26?

Storage Wars Texas - 2011 Puffy the Auction Slayer 3-26 was released on: USA: 24 December 2013

In the state of Texas can a creditor put a lien against your home for a repossessed vehicle?

The answer is yes, if the creditor brings you to court on the matter.

Where can i find car auction in Texas?

In San Antonio, Texas. Every Wednesday at the city impound lot. Address is 3625 Growdon Rd. It is open to public. There is another but it requires a dealers license. Its the San Antonio Auto Auction located at Ackerman Rd.

Are you liable for the remainder of the loan if the car is surrendered voluntarily in Texas?

Yes, you are responsible for the balance not recovered through an auction, certains fees the lender charges which include the tow. If bankruptcy if filed with the amount of the debt owed, then the debt is discharged and you are not responsible for any money owed. Since bankruptcy is Federal, it applies to All states.

Can i be sued for balance of repossessed car in Texas?

Yes. If the amount of the debt is greater than the price the car brings at auction, then you will still owe the balance, and if you do not pay it the creditor can sue you in order to recover it. Depending on how much it is and whether they think you have sufficient assets to make it worth the hassle, they may not bother, but legally they're allowed to do so.

In Texas if your car was repossessed in 2001 can they do anything to you like file a lien against your house?

Check out this link:

What do you do when your vehicle has been repossessed during an insurance claim in Texas?

Same as any other repossession, CALL the LENDER. Work something out.