Cars are an important part of most people’s lives: to go back and forth from work, to go meet up with friends and family; without a car, life can be incredibly inconvenient. So what happens when someone comes along and repossesses a vehicle? Is there anyone available to turn to for assistance?
In certain situations, it is time to contact a repossession lawyer, because with sound legal advice and a legal representative, it is possible to get the vehicle back or at least make sure that a deficiency judgement is not handed down. While it is possible to go through the process alone and attempt to correct the situation, it often requires a considerable amount of time and knowledge that most people just don’t have.
If a car has been repossessed wrongfully, a repossession lawyer can help fix the situation. It is very important to read the contract between the buyer and the lender. If the lender prematurely takes back the vehicle, it is possible, with the help of an attorney, to get the vehicle back, o if the lender has consistently taken late payments in the past and all of a sudden has decided to change the policy, this could be another reason to seek out legal help.
Even if the vehicle is being repossessed, a person still might want to take advantage of legal assistance; this is especially true if the lender is planning to sell the vehicle and the amount he or she receives does not cover the amount of the loan. In these situation, the car’s owner is responsible for what is known as a deficiency judgement. Sometimes the lenders don’t make a real effort to try and recoup the value of the car, and other times, the statute of limitations may have expired, making it impossible for the lender to sue for the rest of the debt once the vehicle has been repossessed.
Don’t just stand by and allow a vehicle to be taken away from you. Free case consultation available at website for those interested in learning about their rights when it comes to any type of repossession.
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