reposes
After four years of payment my car was reposes by bank and was sold for only 3000 dollars but bank wants 13,700.00 dollars more. I could have sold it to a car dealer for 8000.00 dollars but they did not give me time to sell it. Now I own a an old car 97 and I bought it for 1900.00 dollars it has 127000 miles. I also owe money to the bank and credit cards. I did not have a good income for the past two years.
Can they take my old car? Would they be interested? I do not have anything else for them to take except my car.
Asked on 8/30/07, 12:05 am
2 Answers from Attorneys
Ruth Emily Kochard
Ruth Emily Kochard, Counselor at Law
Re: reposes
If it is titled in your name, and a creditor has a judgment against you, they may take your car.
Answered on 8/30/07, 12:49 am
Daniel Press
Chung & Press, P.C.
Re: reposes
In Va., your $1900 car (any car up to $2000)is exempt from attachment to satisfy a judgment. They cannot take it.
Answered on 8/30/07, 5:13 am
