0
In the event (as I believe you are asking) you received the vehicle in the divorce settlment, and then the vehicle was repossessed, AND your exhusband was on the loan as the primary or cosigner, AND the lender has gone after him and secured some sort of payment (either voluntary or by garnishee), then yes. You contracted to pay the note. You received the vehilce by civil judgment (the divorce), that fact does not negate your responsibility on the original note, and if he has suffered damages due to your failure, then he can sue you and win.
What else can I help you with?
Do you have to payoff a car repossession?
Yes, you owe the difference of the amount of the loan and what the vehicle was sold for plus any costs of the repossession. You are expected to pay that amount.
What happens after a repossession?
After a repossession, you will need to pay a fine usually. For example, if this was a car being repossessed, you would have to pay a certain amount to get it back.
What is the maximum automobile repossession fee that can be charged in Texas?
Some states have set maximum amounts for repossession fees. The state of Texas,. however has not set a maximum amount on the fee that can be charged for a car repossession.
Where do you get car repossossion permit?
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
How do you write a car repossession letter?
How do you write a car repossession letter?
If you let the bank repossess your car will it show on your credit as a repossession or just that you owe them an amount due?
BOTH
When a repossession notice has been issued for a motor vehicle can the registration be renewed and if the car is pulled over by the police will the police hold the car?
A "repossession notice" is a civil matter. A police oficer cannot hold the vehicle for repossession. Unless, there has been a court proceeding and the judge has ordered the vehicle held if stopped. A repossession notice also cannot stop the registration of a vehicle.
You returned a car you purchased because you could not pay for it?
That is called voluntary repossession. You will be required to pay the difference in what the lender sells the vehicle for and the balance on the note after that amount is applied to the loan. You did avoid repossession fees by voluntarily turning the car in. Your credit will also show this repossession for 7 years.
Can you be sent to civil court after a car repossession?
Yes. Most lenders will auction a repossessed car and sue the person who financed the car for any balance or fees still owed.
Is concealing a car from repossession a felony in Georgia?
is concealing a car from repossession a felony in georgia?
If the vehicle was in accidents does that have any bearing on the lienholder trying to sell it after a voluntary repossession?
IF the car was repaired after the accidents, probably not. If NOT repaired , it will decrease the amount the car brings at auction, increasing the amount you owe.
What happens if you hide your car from repossession?
You won't be arrested and the police won't come after you it is a civil matter not criminal. You may be right, you won't be arrested and the police won't come after you but if it's a Felony in California and Florida to hide a vehicle from repossession, how is that a civil matter? Sounds criminal to me but nobody will enforce it.
