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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 ...
Chicago’s Rebecca Simmons admits she “didn’t know anything about auctions” when she bid $6,000 for a lithograph purportedly by Picasso at a pop-up auction at the Renaissance Hotel in ...
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. But the ...
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]
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 museum contains an exhibit of collectors' autos from vintage to modern classics, with the main focus being American cars of the 1950–1980 period, over 50 famous TV and movie cars, cars previously owned by the rich and famous, animatronics from ShowBiz Pizza Place and Chuck E. Cheese’s Pizza Time Theatre, and a large array of Disney and ...
A bank created fake accounts, forced clients into unnecessary car insurance and repossessed vehicles when they didn’t pay. Now it has agreed to $20 million in penalties
The sale of Apartments.com and Cars.com allowed Classified Ventures to return over $3.5 billion to its owners through a combination of the sales proceeds and dividends paid to its owners in cash or in the form of below market transfer pricing for the sale of digital marketing products sold in its local affiliate newspaper markets.