Legal Question in Credit and Debt Law in California
Reposses Auto/Charge off/Lien
I purchased a car back in 1997. In 1998 the car was repossed. My TRW it states that it is a charge off. I just recently recieved a letter stateing that I have a lien on my property. The questions is, am I still responsible for the loan now that is a charge off???
Asked on 2/13/00, 4:18 pm
1 Answer from Attorneys
Ken Koury
Kenneth P. Koury, Esq.
Re: Reposses Auto/Charge off/Lien
you are still responsible for the loan less what they sold the car for. they can only get a lien if they went to court and served you with a summons you didnt answer.
Answered on 2/16/00, 2:38 am
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