My car was stolen by the bank this morning. Last month I received a letter stating account paid in full and a lien release. The bank now says that they "overlooked" $600 owed on the car. They now say I have 10 days to come up with the $600 plus repo fee in order to get my car back. Can they really take my car after releasing the lien? After I have paid over $9000 in payments in the last three years? Is this legal?
2006-06-15 05:28:08 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Other - Cars & Transportation
I would have gladly paid the "oversight" had someone from the bank contacted me. No way would I let a car go back for $600 after I had paid so long on it.
2006-06-15 05:36:57 · update #1
consult a local attorney with expertise in the area
2006-06-15 05:31:37 · answer #1 · answered by Richard H 7 · 0⤊ 1⤋
Yes, an error on a banks clerk part does not relieve you of the responsibility of paying off the bank note and any fees associated with it. However I would talk to the bank loan officer and refuse to pay any late fees or repo charges, this was a bank error and the cost should be payed by the bank! Be polite, but firm on this matter!
Retain an attorney if necessary to resolve the banks error!
2006-06-15 05:34:51 · answer #2 · answered by Pobept 6 · 0⤊ 0⤋
I would say that if they have already sent you the title...(they usually do upon releasing the lien), then in fact they did steal the car. If you have the title "in hand", then I would call the local police department and tell them it was stolen, and they would actually have to take you to court if they wanted $600.00 more.
Consult an attorney if in fact you do not have the title in hand.
2006-06-15 05:37:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
that is probably one of those situation where you are never right. chances are that the bank is going to overpower you and you will end up paying even more. like everything else in life, its not fair but they get away with it anyway.
2006-06-15 05:39:00 · answer #4 · answered by danny h 2 · 0⤊ 0⤋