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In Texas can you still be sued if you voluntarily surrender a damaged car to the lender?
Yes, there is no difference of application of debt owed whether a vehicle is voluntarily surrendered by the borrower or the lender takes steps to recover the vehicle. The borrower is responsible for all costs associated with the vehicle after it has been sold at public auction. If the vehicle has been damaged and cannot be sold under such conditions the borrower will be responsible for the entire balance of the loan plus fees and penalties. The lender has the right to pursue litigation to recover monies owed and if granted a judgment can execute it against property belonging to the debtor.
What else can I help you with?
What happens in Texas if you voluntarily have your car repossessed and money is still owed after the car has been sold at an auction?
Chris, I dont know the answer to the question YET. I will find out today. Email me latyer on and Ill have it for you. What does the lender "say" they will do???
If you are in Foreclosure with a Sheriff sale pending can the lender transfer your loan to a different lender?
In Texas they can.
Did Texas participate in the Civil War?
Yes. Texas was a part of Confederacy and a Texas regiment was the last group of rebel soldiers to surrender.
What effects do tornadoes have in Texas?
The affects of tornadoes in Texas are the same as they are elsewhere. Homes and other buildings are damaged or destroyed, trees are damaged, snapped, or uprooted, crops are damaged, and people and animals are killed or injured.
Can you go to jail for not returning a reposessed car to the lender?
in Texas u cant
Are you liable for the remainder of the loan if the car is surrendered voluntarily in Texas?
Yes, you are responsible for the balance not recovered through an auction, certains fees the lender charges which include the tow. If bankruptcy if filed with the amount of the debt owed, then the debt is discharged and you are not responsible for any money owed. Since bankruptcy is Federal, it applies to All states.
In Texas if you dont pay your home equity loan what happens?
The lender could foreclose on your house.
What type of bond is need for car recovery agents in the state of Texas?
Whatever the LENDER requires.
In 1845 the United States accepted as a state which damaged diplomatic relations with Mexico?
c. Texas
When can a car be repossessed in Texas?
In most instances when you get behind on your payments. The exact details of when the lender will repossess the vehicle is listed in the contract you signed when you took out the loan on the vehicle. Read your contract with the lender.
What agreement related to slavery caused Texas to surrender the land that became the Oklahoma panhandle?
Hd
Who said I shall never surrender or retreat Texas history?
The phrase "I shall never surrender or retreat" is attributed to William B. Travis, a lieutenant colonel in the Texas Army, during the Siege of the Alamo in 1836. He wrote this statement in a letter to the people of Texas and to the United States, expressing his determination to fight against Mexican forces. Travis's words have since become emblematic of the spirit of resistance during the Texas Revolution.
