Topic: Happens after a Voluntary Repo
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Answers to Common Questions
What happens when debtor files bankruptcy Chapter 7 and lists the...
%REPLIES% Answer It belongs to the lender and YOU get to store until they come pick it up. Answer yes...but dont forget to let them know you will be charging them a $60 a day storage fee, just like you would get charged. Read More »
Source: http://wiki.answers.com/Q/What_happens_when_debtor_files_bankrupt...
What happens if you voluntary repo a vehicle?
Voluntary repossession" is a term used to describe a situation in which a consumer voluntarily surrenders the property securing a loan, such as an automobile, to the lender that financed the purchase. Voluntary repossessions generally occur... Read More »
Source: http://wiki.answers.com/Q/What+is+the+difference+in+voluntary+and...
What Happens After Voluntary Repossession on a Vehicle?
Sometimes you have to face the fact that you must turn your automobile in because you cannot afford to make the payments. This is considered a voluntary repossession, and there is little difference from an involuntary repossession. A volunt... Read More »
Source: http://www.ehow.com/about_5038747_happens-after-voluntary-reposse...
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Too bad she refinanced. Well, if she does a voluntary repo, they'll take the car, and sell it at auction for WAY WAY less than she can sell it for, and then they'll come after her for the difference. It's not clear if she's 40K upside down,...
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Source: http://answers.yahoo.com/question/index?qid=20100512152625AAa7E8S
Here's the deal... it'll be sold at auction, you'll be billed the remaining balance, and you will have a repo on your credit, voluntary means jack btw. A repo is a repo no matter how nicely done. Co-signer won't be too happy... You just kil...
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Source: http://answers.yahoo.com/question/index?qid=20080727084338AAQEfZm
You hope they just take the car. You can be charged with a crime in many states.
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Source: http://wiki.answers.com/Q/What_happens_after_you_say_no_to_the_re...
Answer Generally the car is sold at a public auction for the closets amount to the fair market value. The borrower will still be responsible for any deficit between the amount the car sells for and the balance of the loan plus applicable fe...
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Source: http://wiki.answers.com/Q/What+happens+after+your+car+is+repo
The trustee will retain an attorney then proceed to list and sell your house. You will have no say in who buys it or at what price. You will receive notice once they have a buyer and offers will continue to be accepted up until a final date...
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Source: http://wiki.answers.com/Q/What_will_happen_after_you_voluntary_su...
If a finnancing reposesor has takin the car, and it was stolen from him. it would be listed as a stolen vehicle by the local police. when found would be immediately towed and impounded. until the "OWNER" of the car retrieves it.. Wich means...
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Source: http://wiki.answers.com/Q/What_happens_after_a_repo_man_says_he_r...
The bank will contract out with a towing company/recovery company and will tow the vehicle to an auction yard. The vehicle will usually be sold at a private auto auction where there are auto dealers there that purchase repossessed vehicles....
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Source: http://wiki.answers.com/Q/What_will_happen_after_you_voluntary_su...
