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Current Foreclosure Discussion Foreclosures Discussion Archive 15

what do i do


Posted by JOan on September 01, 2005 at 10:23:31:

In Reply to: Re: Nothing... posted by Joan on September 01, 2005 at 10:21:31:

: : 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.

thanks, I was going to try and get another car I physically can not drive mine. I wanted to know can they take the new one since there will be a lein

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