Legal Question in Credit and Debt Law in Florida

Car Repossesion

What legal recourse does the finance company have against the borrower after the vehicle is repossesed ?


Asked on 3/24/07, 7:38 pm

1 Answer from Attorneys
Barry Kaufman The Law Office of Barry W. Kaufman

Re: Car Repossesion

The lender can sue the borrower for the amount remaining on the loan (loan amount plus all repossession costs, less the sale amount). The lender can ask the court for interest, collection costs, and attorney's fees.

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Answered on 3/26/07, 11:04 am


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