Legal Question in Credit and Debt Law in Florida
Auto Repossesion
After my vehicle is reposessed due to non payment and it is sold by the bank, am I legally responsible for the deficient amount left over?
Asked on 1/23/07, 2:34 pm
1 Answer from Attorneys
Barry Kaufman
The Law Office of Barry W. Kaufman
Re: Auto Repossesion
Yes. And if the bank is forced to sue you on the deficiency, you probably will be liable for attorneys fees and collection costs, and possibly interest on the deficiency.
Answered on 1/23/07, 4:15 pm
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