http://deathby1000papercuts.com/2008/12/repossessed-car-owners-shocked-after-being-sued-by-car-lenders/ The WORLDWIDE LEADER in WEIRD ~~~ News -Politics -Commentary -Weird News -Crime -Opinion -Entertainment -Scandals -Celebrities -Conspiracies -Video Sun, 27 May 2012 23:23:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://deathby1000papercuts.com/2008/12/repossessed-car-owners-shocked-after-being-sued-by-car-lenders/comment-page-1/#comment-11276 Repossessed Cars Thu, 01 Oct 2009 13:19:40 +0000 http://deathby1000papercuts.com/?p=5062#comment-11276 Lenders state that they only repossess as a last resort, nowafays you hear of the repo man turning up a few days after a missed payment. The lenders are happy as they have the opportunity to recoup the majority of their losses and ultimately t's the buyer of the car who suffers. <a href="http://www.repossessedcars2009.com" rel="nofollow">Repossessed Cars</a> are sold in the auctions at knockdown prices, saving the lender storage costs and avoiding depreciation. They then chase the former owner for the difference if Lenders state that they only repossess as a last resort, nowafays you hear of the repo man turning up a few days after a missed payment. The lenders are happy as they have the opportunity to recoup the majority of their losses and ultimately t’s the buyer of the car who suffers. Repossessed Cars are sold in the auctions at knockdown prices, saving the lender storage costs and avoiding depreciation. They then chase the former owner for the difference if

]]> http://deathby1000papercuts.com/2008/12/repossessed-car-owners-shocked-after-being-sued-by-car-lenders/comment-page-1/#comment-8592 PJ Mon, 29 Dec 2008 22:05:55 +0000 http://deathby1000papercuts.com/?p=5062#comment-8592 You make it sound as if this is something new. It's not. Lenders have always sued to get the balance after the cars are sold at auction. The lender can afford to let it go cheap at auction knowing that they can sue to recoup the difference. The same thing can happen with houses that are foreclosed on, unless the mtge holder agrees not to sue. You make it sound as if this is something new. It’s not. Lenders have always sued to get the balance after the cars are sold at auction. The lender can afford to let it go cheap at auction knowing that they can sue to recoup the difference. The same thing can happen with houses that are foreclosed on, unless the mtge holder agrees not to sue.

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