The lender can either keep the car or sell it to gain the default loan. Each state has its own rules regarding sale and notice procedures. But the selling off the car will happen to keep you in the loop. This generally means the lender has to follow certain standard sales practices that he cannot breach.
However, there are defenses to a deficiency action. They are –
Is there any way of getting the car back?
Obviously there are ways that you can get your car back. If you actually –
1) Redeem the car that is buying back the vehicle.
2) Reinstate the Loan and pay for the repossession costs.
3) Buy it back in the auction if the lender is selling the car at the auction.
4) Hire a bankruptcy Law Attorney and file for bankruptcy. This step should prohibit the lender from selling the vehicle without the court’s permission.
When it comes to seeking legal assistance with car repossession, do not hesitate to reach out to Jerome C Payne Law Firm. You can file a bankruptcy to repossess your car and we will assist you throughout the process. We will definitely help you to possess your car back with the best-suited solution.