"Repo Law In Florida"
When it comes to repossession, Florida is a strict state. In order to legally repossess a vehicle in Florida, the creditor must have a court order. The creditor must also send the debtor a notice of their intent to repossess at least five days before taking possession of the vehicle.
If the debtor does not make arrangements with the creditor to pay off the debt or return the vehicle within those five days, then the creditor can legally repossess the vehicle. Once the vehicle has been repossessed, the creditor can sell it in order to recoup their losses.
There are some restrictions on how creditors can go about selling repossessed vehicles in Florida. For example, they cannot sell the vehicle for less than fair market value.
The Law Offices of Omar Zambrano has already helped thousands of people and businesses in the past to get out of debt and start over.
Our 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