Quote:
Originally Posted by MakeMeGrrrrowl
What happens with a voluntary repo (the bank says) is that the car is sold at auction and whatever the balance that remains, is what the person is responsible to pay.
So that's what would go on my dad's credit.
Still no lawyer has called me back.  |
That's the last thing you want. First you have the trade-in loss, second you have the huge depreciation loss of a new car being auctioned.
In order to be "made whole" again, being at the same place you were before this happened you will have to get an attorney involved who can prove fraud when applying for the loan. Otherwise you are fucked.
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