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Your car was seized on a judgment now your lender wants to repossess it from the sheriff and give it back to me can that happen?
Wiki User
∙ 16y ago
No.
Wiki User
∙ 16y ago
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Can a sheriff repossess your car for your lender?
Well to put it simply..... YES
How does a lender get a judgment against you for a loan when they repossess a car?
You owed more money than the car was worth and they wish to collect the balance.
What will happen to you if your car is 6 months behind in payments and you still have possession of the car?
The lender will eventually repossess the car.
What can you do if the lender repossess your car and they get half of the loan and you cant pay the balance?
The lender will come after you for the remaining balance after the car is auctioned.You can either declare banckruptcy or work out a payment plan...or thelender can seek a judgment to garnish your wages.
In Missouri how can you repossess your truck if your parents have it stored and refuse to give it back and there's no title or proof of ownership?
The lender files a WRIT of REPLEVIN and the sheriff goes out and gets the car. IF the lender has a lien on the truck,ect. All that legal stuff. LOL
What should you do if the lender obtained a judgment to repossess your motorcycle eight months ago and they have yet to pick up the motorcycle and you are in Wisconsin and the lender is in Texas?
Nothing..... it is the responiblty of the lender to arrange someone in your state to repo the bike (or car). Keep your insurance on the bike just in case something happens to it in the meantime.
You own three houses you have to let go one of your house to foreclosure what will happen to your other 2 houses can lender sue you or what could happen?
If the foreclosure sale does not pay off the lender in full, including costs & fees, the lender could obtain a judgment against you for the unpaid balance. This judgment would then be a lien against any other houses that you own.
Can a lender file Deficiency Judgment in Indiana?
Yes, a lender can file for a deficiency judgment in Indiana. The court has to approve the judgment in order to prosecute.
Does a deed in lieu of foreclosure stop a sheriff sale?
A sheriff's sale indicates that a creditor won a court judgment and acquired the legal right to sell the property to satisfy the judgment. A lender wants the property to be free and clear of other liens before taking title by a deed in lieu of a mortgage foreclosure. An answer would require more details about the debt underlying the sheriff's sale.
Can a lender still repossess your car after a lawyer told you to tell them that you were claiming bankruptcy?
The lender has to get the STAY lifted before they can repo.
What will happen if you do not have insurance on your car and the lender is about to repossess it?
If not having ins. puts you in default of the contract, that may be why they are going to repo the car. lenders insist that the collateral be covered by ins. to protect them, not you.
If you are threatened with a repossession can you pay the balance before they repossess the car?
IF the lender accepts it you can.
