Foreclosures Discussion Archive 15

Re: Nothing...

Posted by Joan on September 01, 2005 at 10:21:31:



In Reply to: Nothing... posted by Ward-CA- on August 31, 2005 at 13:24:06:



: Joan,

: It would depend if your creditor thought you had sufficient equity in : your used car to make it worth their while to go after. Also, most states : have exemptions as to what a creditor can seize from a debtor to : satisfy their judgments.

: It's common that they can NOT take your family car, because without : transportation there's a high probability you'd become unemployed : and burden on the state's unemployment fund.

: So I don’t think you have anything to worry about as far as losing your : car is concerned.

: Hope this helps,

: : ~~~~~~Ward~~~~~~~

: : : i AM wondering if they can take my car for any amount left owed on : my house after they sell it. What about the second mortgage company. : I have not heard from them at all.





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