The LENDER keeps such records and will share them with you ultimately.
Repossessed cars are typically cleaned up and resold on a dealers lot. However, if the lienholder (the person who repossessed it) feels that it will cost too much to restore the vehicle to a sellable status, they will just put it in an auction and take whatever they can get for it. Repossessed cars are first examined fully to determine the remaining value of the car. If the car is suitable for repossession, it will be resold to another person for a discounted price.
YES,, CALL the lender and find out HOW MUCH it will cost to do so.
whatever the worth is of the car or more
Your option is to CALL the lender who had it repossessed and find out how much it will cost to get it back. Repossession is a matter between YOU and the LENDER. There is no state agency that oversees the process.
As a rule of thumb, you will owe the difference.
Nothing will happen to a person if they hid a motorcycle that is being repossessed. Eventually, the company that is trying to repossess will either give up or find you. They will use all tools at their disposal depending how much is owed at the time.
I too have been looking for the value of a Quincy Tahoma print. It seems that if there are Tahoma prints out there they have never been resold. I am trying a few galleries in the southwest but so far no response.
Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.
The best place to buy repossessed homes is at property auctions. Properties can be picked up much below market price but its important to know what you are doing. There are many sites available containing information on property repossession or buying repossessed homes.
GameStop will not accept trade-ins for PC games because they cannot verify that the serial number provided with the game has not been registered and therefore cannot be resold in good faith
Three months of non-payment
What MUST be done is CONTACT the LENDER who repoed it. They determine who, what, when and HOW MUCH.