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You can be sued depending on the terms of your contract. All that "surrender" means is that you gave up the car without a fight. It does not necessarily mean a cancelling of a contract.

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16y ago

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What will happen if you voluntary surrender your house while in a trust deed?

Unless you are very confused, you know that a trust deed is what some states call a mortgage. A voluntary surrender, if done carefully and probably with a lawyer's help, can result in the mortgage being terminated with no further liability to you. The tricky part is to make sure there is no tax liability on your part due to the cancellation of the balance due on the note.


If you do a voluntary repo and the dealership sells your car do they have any right to collect interest?

The contract called for interest as long as you had the car. IF they get a judgment for the balance owed on the contract, it will call for interest until it is paid. READ your paperwork.


Where are posture balance and voluntary muscle movements controlled?

Cerebellum


Do you have to pay the balance on a lease if you volunteer to surrender the car?

Yes


Part of the brain that coordinates voluntary activities and balance?

Cerebrum


Can wages be garnished for the balance of a loan in a voluntary repossession?

Yes, they can be garnished for this reason.


Does the state of Georgia have to balance its budget?

According to the Georgia Constitution of 1983, yes, the government of the State of Georgia has to balance its budget. Then just what budget you are talking about becomes the question, after you have the general accounting notion of 'balanced budget'.


What does it mean to surrender a life insurance policy?

It means you want to cancel the policy. If there is cash value in the policy, surrender charges will be deducted from the cash value and you will get the remaining balance.


Can a lender make you pay the balance owed on the car if you voluntary give it back?

It would depend on the contract you had


What are the two primary functions of the cerebellum?

The two primary functions of the cerebellum are coordinating voluntary movement and maintaining balance and posture. It receives sensory input from the spinal cord and other parts of the brain to regulate and fine-tune motor activity.


Are you responsible for payments after voluntary repossession if the car has already been sold by the dealer?

GENERALLY SPEAKING, ANY "PAYMENTS" ONE MAY BE RESPONSIBLE FOR AFTER VOLUNTARY REPOSSOSSION AND THE CAR HAS BEEN SOLD IS LIMITED TO THE AMOUNT ARRIVED AT AFTER SUBTRACTING POST-REPOSESSION SALES PRICE FROM THE LOAN BALANCE AT TIME OF SURRENDER. $5000 OWED ON CAR - CAR SOLD FOR $3000. YOU OWE $2000. HOWEVER, THE "SELLER/LIENHOLDER" HAS AFFIRMATIVE DUTY TO SELL VEHICLE FOR REASONABLE AMOUNT BASED ON CONDITION AND VALUE OF CAR AT TIME OF SURRENDER. IF THE VEHICLE WAS SPOTLESS (PROOF REQUIRED--I.E. PHOTOS) AT TIME OF SURRENDER AND BLUE BOOK VALUE WAS $50OO, SELLER CANNOT SELL THE CAR FOR $500 AND TRY TO COLLECT THE $4500 FROM YOU. IF THIS IS GOING ON, I SUGGEST CONTACTING THE "SMALL CLAIMS ADVISOR" IN YOUR COUNTY.


If you did a voluntary repo on your truck do you still have to pay any money that they will not make reselling it?

Yes, you're responsible for the balance.