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It is the difference between the amount owed and the amount the collateral sold for, then minus all applicable fees.

It is what you will be required to pay to the creditor.

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Q: What is a judgment mean in a reposession?
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Related questions

What is a domestic judgment?

what is domestic judgment mean?


If convicted of felony can you get a reposession license?

No


A vehicle under reposession is on my property?

And?


What is the judgment law in Louisiana on volunteered reposession?

Vehicles in Louisiana may only be repossessed by vol repo. That is the holder of the car must voluntarily release the vehicle. Repo agents in Louisiana may not engage in self help repossession.


What do you say to the reposession man?

Here's the keys.


What does post-judgment mean?

judgment mean some one who have done worg and receives his or her judgment.post judgement


How much will you pay if your car is out for reposession and it never get caught?

all of it. Just because they cant find the car doesnt mean your debt goes away.


You bought your car privately and didn't transfer title the guy who sold it to me took it right off the street is this reposession or theft he called it reposession?

I would think theft


Judgment affirmed what does this mean?

"Judgment affirmed" means that a higher court has reviewed a lower court's decision and agrees with it, thereby upholding the original decision. It typically indicates that the original ruling will remain in place.


Is the word judgment a synonym to law?

Not exactly, you can have a judgment that is based on law; but judgment can also mean something that is utterly unrelated to law.


What is a monetary judgment mean?

A monetary judgment means it is money; damages or a punitive award. The other type of judgment is equity which does not involve money.


Can you have your wages garnished in Texas to pay a reposession off?

Yes