"My Car Was Repossessed What Are My Rights"
Having your car repossessed can be an emotionally and financially draining experience. It’s important to be aware of what rights you have if this happens to you. Depending on the state in which you live, laws can vary greatly when it comes to repossession regulations. Generally speaking, however, there are a few things that all borrowers should know about their rights regarding car repossession.
The first thing borrowers should know is that they cannot be held legally responsible for any deficiency balance after a vehicle is repossessed and sold by the lender. This means that if the loan was secured by the car itself, then the borrower cannot be forced to pay back any remaining balance owed beyond the sale price of the vehicle at auction.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our main goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706