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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 ...
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.
Auto auctions are the most common method of disposing of repossessed vehicles. Repossessed vehicles can feasibly sell for less because the financial institution disposing of them only seeks to offset its losses (also restricted by federal regulations). The condition of such cars may be compromised by lack of maintenance.
Ads proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal.
Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.
Immediately to the north of Boksburg Township was a large muddy vlei fed by a small stream from the North-East. This vlei was the only watering place for stock between Middelburg and Johannesburg and the government received strong representations from transport riders and others for improved watering facilities near the public outspan west of ...
The National Archives and Records Service is an institutional network, operating on a centralised and decentralised provincial basis under central government control. The National Archives and Records Service of South Africa was established by passing of the National Archives and Records Service of South Africa Act in 1996. [1]
The gang is historically significant because a nominated senator, General Koos de la Rey, was shot by a policeman at a road block set up to look for the Foster gang.De la Rey's death and subsequent funeral, where it was rumoured that he had been assassinated by the government, was a contributory factor in the Maritz Rebellion of 1914.
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