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Archive for the ‘Repossession Car Auction’ Category

Algarve Auctions & Free Classifieds, Leiloes e Classificados

March 23rd, 2012 Gary 1 comment

Launched April 2nd 2011 Algarve Auctions & Classifieds is already The Algarve’s number one buying and selling website. All the features of Ebay without the listing fees. Upload ten photos and video and as much text as you like. Sell your items as a classified advert, auction listing or even accept offers. Small commission paid only on successful sales! Open your own online store and accept payment directly from your customers. No sale, no fee, no risk..

Salvage Cars : Salvage Corvettes for Sale

March 22nd, 2012 Gary 2 comments

Salvage Cars for Sale at www.salvagecarsale.com Find salvage Corvettes, project cars, wrecked cars, damaged but repairable cars. Find great project Corvettes online available all over the USA to bid on. There are thousands of salvage cars and trucks available to buy and rebuild or use for parts. Great way to recycle!
Video Rating: 4 / 5

Can a lender file a claim against your insurance company after repossession?

March 21st, 2012 Gary 6 comments

Question by Diana D: Can a lender file a claim against your insurance company after repossession?
My car was repossessed on 9/11. I attempted to get my car back..but Wells Fargo played games..such as saying the car is on its way to the auction…no, its still there and we can’t place a hold on it..it leaves for the auction in a couple of days. So, I went and got me another car. Now, today..I find out that they are filing a claim for the very day that they took the car. The claim was filed at 1:06 today. However, the car was not insured on that very date. Also, I had to sign some papers to reinstate the policy to the effect that no claims would be filed because NO accident occurred. Will the lender be able to file against my insurance policy under these circumstances?
I guess my question should have been, are they able to file and the insurance company pay? Is this the usual mode of operation?

Best answer:

Answer by Ryan M
They can file anything they want, with anyone they want, at anytime they want.

What do you think? Answer below!

Credit Cards & Financial Planning : How to Get Out of a Car Loan

March 16th, 2012 Gary No comments

One way to get out of a car loan is to sell the car privately. Get out of a car loan by refinancing it or looking into a state’s lemon laws withtips from a financial consultant in this free video on credit cards and personal finance. Expert: Carrie Kukuda Contact: www.wearehdtv.com Bio: Carrie Kukuda has a business administration degree, and was branch manager of a community bank. Filmmaker: Christopher Rokosz

Repossession issue, help me please.?

March 10th, 2012 Gary 4 comments

Question by : Repossession issue, help me please.?
I have a car that recently died on me and I called the finance company, telling them to repossess it because I was no longer going to pay for it.
They told me because the car will no longer run they aren’t going to take it back because it’s not worth enough to go to auction.
Now I have a broken car sitting in my yard that I can’t do anything with.
My question is can I sell the car to like a chop shop or a mechanic for parts even though I don’t have the title?
Is that legal? I honestly have no idea and no one else I have asked know either, please help me I need to know what to do. Thank you!

Best answer:

Answer by pickmefirstplz
you cant sell it without a title fix it up and drive it

What do you think? Answer below!

Access Government Auctions

March 5th, 2012 Gary No comments

Access government auctions in the United States and Canada, including State, Federal and Local government auctions. Everything is just a click away and you do not have to sort through hundreds of other websites. Free 3-day trial. accessgovernmentauctions.com

I cosigned a loan for ex, now looking at repossession…?

February 29th, 2012 Gary 5 comments

Question by wm2485: I cosigned a loan for ex, now looking at repossession…?
I cosigned on a loan for my ex to get a car. We split up two years ago, the original loan amount was $ 20,000. I just got a letter in the mail saying that if I don’t pay what’s owed, which is $ 900, by the end of the month the vehicle will be repossessed. The total amount owed is $ 14,000. In the past year, I myself have paid $ 1,500 in payments towards the car to keep my credit good. However, now I’ve been doing a bit of reading and it’s my understanding that if the car does get repossessed, it gets auctioned off and the blue book value for this car is only $ 6,000. So even if it was to sell for blue book at auction I’m still looking at the rest of the loan plus fees. I repeatedly try to get in contact with my ex.. she will not return any of my calls. I basically just want to know what my options are… Ideally, I want to be off the loan. I’m not on the title, just on the loan. I’m pretty sure there’s no way to just get off the loan without her refinancing or something, but she’s obviously not willing to cooperate. What are my options? The car was obtained in Maryland, and is currently in Maryland with my ex and I live in South Carolina. Thank you so much for any help!

Best answer:

Answer by Richard
I have found myself in a similar situation. You seem to have a good understanding of how things work. The bad thing is that there really is no way, as long as she is not cooperating, to get out of this. But if you are on the loan you should be on the title. The only problem there is that if you are the secondary, it would be hard to sell the vehicle once its paid off because you would need consent from the primary. I would say to keep paying it, dont drive it if you can. Just store it, and pay it off on time. Then, once it is paid off you can try and get her to allow you to sell it and get some of your money back. These situations really are pretty much lose/lose.

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