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loan balance responsibility

Date: Fri, 12/03/2010 - 03:19

Submitted by on Fri, 12/03/2010 - 03:19

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After repossession who is responsible for loan balances,anyone

Total Replies: 3

The borrower is responsible for any deficency loan balance.

The borrower is responsible for any deficency loan balance.

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Submitted by SOAPLADY on Fri, 12/03/2010 - 03:32

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Thank you but what if the collateral is auctioned

Thank you but what if the collateral is auctioned

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Submitted by on Fri, 12/03/2010 - 04:15

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You would still be responsible for the difference between the lo

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

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Submitted by SOAPLADY on Fri, 12/03/2010 - 04:38

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