Legal Question in Credit and Debt Law in Michigan
auto repossession
if my car is repossessed and the bank/credit union autions it off for more than I owed on it, do I get the excess amount?
Asked on 10/15/07, 10:11 am
1 Answer from Attorneys
Timothy Lessing
Attorney & Counselor
Re: auto repossession
Yes. If all other things are as they should be, you are entitled to whatever remains of the auction proceeds AFTER all fees and costs (which are often substantial).
Answered on 10/15/07, 11:10 am
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