They reposessed my car from my address 3 years ago. I never received paperwork that it was being auctioned, or to repurchase the vehicle. My ex husband states he has been informed that he will be sued for the $12,800. they were unable to collect from the sale. I have never received anything. If the bank had my physical address to reposess the car then why (If what my ex-husband sates is true) did I not receive paperwork of the suit. This is a credit union in California and I have been told they they have different guidelines and laws than for example: Bank of America. Is this true and is this legal.
Originally posted 2009-08-08 21:49:13.
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sure unless the limitation laws have run out
Whose name was the car registered to?? If it was your husband, then he would have gotten the notice, if it was your name, you should have been notified by the lawyer acquired by the finance company.
no clue
Are you a party to the lawsuit? You should ask your ex for the docket number and go to the court house and look at the case file yourself. Were you a co-signer on the contract?
yes, this happens all the time
If your name was on the security agreement when the loan was signed, then you may be liable too. The repo company probably got your address from the registration. California did not have a recourse law a few years back, but that may have changed. You might call another credit union, and just ask about “Recourse” after a reposession. That should give you a better idea where you stand on this.