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It may depend on your state. In Oklahoma, the vehicle (if not retrieved) will eventually be sold at auction, and the original contract holders (husband and wife in this case) will be responsible for any amount below "payoff".

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Q: What happens when your truck is repossessed and both your name and your husband's name are on the title?
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Related questions

Does having the title to a repossessed truck give you any legal rights?

NO, the truck probably has been sold already and the lender got a repossessed title to sell it with. Of course they do make mistakes. LOL


If your workers truck was repossessed and he had your tools inside how do you get your tools back?

ask the guy that repossessed your workers truck for the tools that were in that truckask the guy that repossessed your workers truck for the tools that were in that truck


How can you buy a repossessed truck?

Go to bank or other place that repossessed the truck. Pay cash for it etc


What do you do once your car has been repossessed?

I have a welding machine on the truck they repossessed can they keep that?


How can I get my repossessed truck back in Indiana?

The only way to get a repossessed truck back in the state of Indiana is to pay the balance owed. Sometimes, you can contact the lender and make arrangements to get the truck back without paying the whole amount.


Are you still liable for the payments if your truck is repossessed in Alberta?

Yes you are


How do you repair lights on back of 2500 HD truck?

THESE ARE AFTER MARKET LIGHTS FOR MY HUSBANDS WORK TRUCK


Can your truck be repossessed if you are using it for income?

Yes, your truck can be repossessed even if you are using it to earn an income, however, you can tell your creditor that you are earning money with your truck, and that if the creditor does not repossess the truck you will use that income to make payments on your loan. Of course, if you are not making payments, and spending all of your income on other things, then the creditor has no motive to let you keep the truck.


Can your federal tax refund be taken if you cosigned for a truck that was repossessed?

Legally, YES.


Can you get your engine back out of a truck after it has been repossessed?

NOT. Good try though. LOL


What happens when your vehicle gets repossessed?

The bank takes it for non-payment of your loan. They send a mean man with a tow truck to take it from your driveway in the middle of the night. It's not considered stealing unless the tow truck driver does not notify the police that they picked it up.


WHERE IS THE TRUCK TITLE AT 1XP9DC9X4EP173157?

WHO OWNES THIS TRUCK