All the bank has to do is get 3 bids , and i’ve seen some sell for just $200- with a high balance. As suggest try to sell it yourself and get a loan for the difference.

Sell the vehicle privately for as much as you can. Put that money toward the debt and the bank will refinance/negoitate the balance.

The bank does not want your car. They want you to sell your car for as much as possible, and get their money back. They will be very co-operative if you make an effort.

If the car is worth 10K, it will auction for 6 – 8 K. You will owe the bank 8 – 10K PLUS the cost of auctioning the car. Sell the car on your own. Get a loan for the difference. You ALREADY have a unsecured loan for the difference. A 10K payment now will convince the bank to admit that.

ok lets put you in the bank place and your worst enemy in you place and than proceeded as laid out by you — how relentless would you be!!!

Been there, done that, sold the t=shirt. They will send you letters and call you every day. When they call you, you can tell them the third time to stop calling you. They will eventually send you a notice of lower amount to pay to keep it off your credit. Now, If you still do not pay, they will send the IRS a 1099 for the amount you owe. This is a new law and yo can fight it, because you do not have the car so you do not have the increase amount. It gets messy, but if u can put up with it,

Your right. The bank will tell you that they got alot less than what you owed. Ask to see the bill of sale. They have to show you this. Also try selling it back to where you purchased the vehichle or to some other dealer. This may work for you better. Good luck.