Repossessions in a Brutal Economic Climate
The current economic outlook is worse than it has been in generations; unemployment has risen, and many have seen their income plummet along with other economic indicators. Payments on mortgages and vehicles become harder as money must be put to use for food and fuel first. In these dire circumstances, many consumers? cars, trucks or motorcycles may be repossessed and the bank or finance company is attempting to collect additional funds, often referred to as a deficiency judgment. Too often, lenders use these unfortunate circumstances to take advantage of consumers who owe money.
The Rules of Fair Play
Under laws applicable in each State, any bank or finance company seeking to repossesses and sell vehicles at auction and charge a remaining balance (referred to as a deficiency) must comply with a highly regulated and strict process ? designed to protect the consumer?s interests. If they do not follow these procedures precisely and to the letter of the law, the consumer may be entitled to the return of their vehicle or a reduction, or in some instances, a complete elimination of any outstanding amounts due.
Contact Us
Seeger Weiss LLP is investigating claims of vehicle lender abuse. Lenders have taken advantage of consumers in connection with the repossession, sale and assessment of a deficiency balance of their vehicles. If your vehicle has been repossessed and you think there has been lender abuse in one of the following areas: inaccuracies in the amount owed, the repossession process, the amount obtained for your vehicle at auction, extraordinary or excessive fees, or any other matters that didn?t seem right, please fill out the contact form below, or call us toll-free. Attorney consultations incur no obligation on your part. All initial consultations are free of charge and do not create an attorney-client relationship. Seeger Weiss LLP has office locations in New York, New Jersey, Pennsylvania, and Oklahoma and its attorneys are available to practice in courts throughout the country.
Link To Lawyer Seek's Vehicle Repossesion Fraud Content:
<a href='http://www.lawyerseek.com/Practice/Consumer-Protection-C21/Vehicle-Repossesion-Fraud-P208/'>Vehicle Repossesion Fraud: Lawyer Seek</a> |
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