Legal Question in Credit and Debt Law in Ohio
They repossessed it, and they are still coming
My ex boyfriend and I had purchased a motorcycle and couldn't make the payments. The bank repossessed, and sold at a ''private'' sale instead of public sale. Can they still come after me for the difference between the original amount and the amount gained from the private sale through the court system?
Asked on 4/08/03, 1:53 pm
1 Answer from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: They repossessed it, and they are still coming
They have the right to come after you for the full amount owed, including interests and court costs. The security interest only guarantees that they will get something regardless.
Answered on 4/25/03, 12:56 am