Legal Question in Banking Law in Colorado

illegally repoed and sold

my bank claimed i did not pay my car payments for 3 months and repoed my car. they said that they sent notices. i never recieved them (had i recieved them this mess would have been avoied). i proved i had payed my payments perfectly. the bank admited they made a mistake and promised the return of my car. 6 weeks later they told me that my car had been sold at auction by mistake 2 weeks earlier. i am now waiting to hear what they are going to give me in restitution.

what does my bank legaly owe me? i bought my car new in 01 and have paid every payment perfectly. i feel that i am owed every dime i have paid for the last 4 years


Asked on 12/31/05, 5:37 pm

1 Answer from Attorneys
David Anderson Anderson Business Law LLC

Re: illegally repoed and sold

Has the bank admitted their error in writing ?

I should look at that along with any documents you have re: the tranactions. At a minimum you should obtain the value of the car at time of repo in cash.

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Answered on 12/31/05, 5:39 pm


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