Can I be sued for a repossessed car?
Can I be sued for a repossessed car?
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Here’s when you should consider hiring an attorney if your car lender sues you for a deficiency after repossessing your vehicle. If your car-loan lender repossesses your car, van, truck, SUV, or other motor vehicle, it might sue you to recover any money you still owe on the vehicle loan (called the deficiency).
What happens when you repossess a car in Texas?
· Texas repossession laws allow the lender to sell your repossessed vehicle at auction if you do not redeem it by their deadline. · After the sale of your car repossession, the lender will send you another notice informing you what your repossessed vehicle sold for.
Can a mortgage company repossess a house in Texas?
· Mortgage lenders are not able to repossess a house in Texas. · Texas repossession law requires that homes be placed into foreclosure and then auctioned if the loan cannot be paid. How to get your Texas car, or truck repossession back from the repo agency after it has been repossessed:
How does Repo work in the state of Texas?
· However, if you bring it in on your own, then the repo agent does have the right to come take your car or truck up for repo. · Texas repossession agencies do NOT need to notify you prior to repossessing your vehicle. · There does not have to be a court hearing in Texas in order for a lending company to repossess your car or truck.
What’s the best way to avoid a car repossession?
“Self-help” usually refers to hiring a repossession company to collect the vehicle from the person’s home, place of work, or any other location where the vehicle is parked. We urge you to contact an experienced attorney to discuss your options for avoiding repossession.
· Texas repossession laws allow the lender to sell your repossessed vehicle at auction if you do not redeem it by their deadline. · After the sale of your car repossession, the lender will send you another notice informing you what your repossessed vehicle sold for.
“Self-help” usually refers to hiring a repossession company to collect the vehicle from the person’s home, place of work, or any other location where the vehicle is parked. We urge you to contact an experienced attorney to discuss your options for avoiding repossession.
· However, if you bring it in on your own, then the repo agent does have the right to come take your car or truck up for repo. · Texas repossession agencies do NOT need to notify you prior to repossessing your vehicle. · There does not have to be a court hearing in Texas in order for a lending company to repossess your car or truck.
Who are the best repossession attorneys in Texas?
The Trueblood Law Firm, with offices in Austin, Houston, and Dallas, are Texas consumer repossession attorneys who specialize in repossession law, and suing for breaches of the peace. We are not bankruptcy attorneys, but instead help you sue the lender and repossession agency for unlawful repossessions.