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After repossession who is responsible for loan balances,anyone




The borrower is responsible for any deficency loan balance.

Sub: #1 posted on Fri, 12/03/2010 - 03:32

SOAPLADY SOAPLADY
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Thank you but what if the collateral is auctioned

Sub: #2 posted on Fri, 12/03/2010 - 04:15

Unregistered


You would still be responsible for the difference between the loan balance and what they got at auction.

Sub: #3 posted on Fri, 12/03/2010 - 04:38

SOAPLADY SOAPLADY
Moderators Cum Industry Expert
(Posts: 17319 | Credits: )


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