Search results
Results from the WOW.Com Content Network
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 ...
Let's say your lender incurred $500 in costs for the repossession and sale, and your car fetches $15,000 at auction. There's going to be an outstanding balance of $5,500 you'll have to pay back.
The bank, which is based in Cincinnati, Ohio, operates branches in 12 states, primarily in the Midwest and Southeast. For its illegal auto insurance activities, the bank must pay $5 million in ...
Various objects can be repossessed, including boats and aircraft, but most repossession agencies focus on car repossession. The repo agent normally uses a tow truck or pickup truck with a special towing attachment called a boom. They also may obtain the key from the car owner. Usually, the vehicle owner must be notified of a repossession.
The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of America, JP Morgan, Wells Fargo, and Citigroup—responded by halting their foreclosure proceedings temporarily in some or all states.
The same motion also alleged that Bear Creek Capital and Bank of America had engaged in improper relationships. [27] Judge Beth Myers denied a motion of receiver Hank Menniinger requesting to resign after he had been unable to secure loans to address health and safety issues. Judge Myers ordered that Bank of America fund $263,000 in repairs. [28]
For premium support please call: 800-290-4726 more ways to reach us
The area was renamed Logger's Run after the flume was added. In 1985, the park auctioned off the horses from its 1924 PTC #71 carousel. Although some fans were disappointed about the sale, the carousel burned to the ground in an accidental fire in 1988. Over $500,000 in damages were reported, including the loss of the park's 1925 Dodgem ride.