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If you owe $12,000 on the loan, for example, and the lender sells your repossessed car for $8,000, the $4,000 difference — as well as any associated fees and costs — are called the deficiency ...
Sanchez, 836 S.W.2d 151, where a repossession agent towed away a car even after the loanee locked herself in it, the court decided that this was an unlawful breach of the peace and declared the repossession invalid. The debtor was also awarded $1,200,000 in damages from the bank involved.
Most car dealerships do not pay cash for the vehicles they buy at auto auctions. [23] They rely on inventory financing, a line of credit extended by a bank or other institution to acquire vehicles. [24] This is known in industry parlance as floorplanning (floor planning) or simply "flooring" vehicle inventory. [25]
Operation Repo (formerly known as Operación Repo) is an American reality television series that depicts the world of car repossession with a team that portrays repossessions from California's San Fernando Valley. [2]
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The museum has 165,000 square feet (1.53 ha) of exhibit space, [1] and contains a 350-car gallery showing cars notable for their speed, technology and design, as well as their importance to car culture. The building also contains gift shops, restoration shops, lecture halls, galleries, a banquet room, and a café. The main floor of America's ...
Bank of America, formerly known as the Bank of Italy, was founded in San Francisco, California, United States, on October 17, 1904, [1] by Amadeo Pietro Giannini. By 1945, it had grown by a branch banking strategy to become the world's largest commercial bank with 493 branches in California and assets totaling $5 billion.
Airplane Repo is an American documentary-style fiction show following repossession agents hired by financial institutions to recover aircraft and occasionally other high-value assets from owners who have fallen behind on their payments.