Legal Question in Credit and Debt Law in Florida

My boat is being reposessed, if I can't pay the balanced after they sell it...what then?


Asked on 11/17/09, 10:40 pm

1 Answer from Attorneys

Angelo Marino Angelo Marino Jr. PA

You could be held responsible for the balance. However, there are strict laws regarding repossession and notice. Keep everything that you receive and hold it until the sale. When they come after you for the difference, send me or an attorney the paper work on it. It may be they will violate the law and you can have the balance set aside as well as get fees and costs. Want to know the law? Become a member of our newsletter on varies areas of the law by sending an email to [email protected] and requesting the newsletter, or go to www.ConsumerLawyerHelp.com.

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Answered on 11/23/09, 10:19 am


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