How quickly does a repossessed vehicle get sold at auction when initially placed? - vehicle auction calgary
One of my friends had reference vehicle
Friday, November 6, 2009
Vehicle Auction Calgary How Quickly Does A Repossessed Vehicle Get Sold At Auction When Initially Placed?
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I have no facts, but I suspect that in 30 days. You'll probably wait a few weeks to adjust for the paperwork, then he's gone. The banks want these bad loans from their books as quickly as possible.
Bank / lienholders they want their money as quickly as possible. You do not have the car until it received the diploma. Auctions only dealer does not need a title to sell the car! Banks and dealers to sell the auction to sign to give a certain time, a title to enter the car. If the seller has the car at auction without a title, there are additional costs that they pay. If the title does not occur within this period, the buyer (trader) unsubscribe to the sale. Depending on the shape of the car and the price for the bank, the sale will depend on the speed with which it will sell.
Bank / lienholders they want their money as quickly as possible. You do not have the car until it received the diploma. Auctions only dealer does not need a title to sell the car! Banks and dealers to sell the auction to sign to give a certain time, a title to enter the car. If the seller has the car at auction without a title, there are additional costs that they pay. If the title does not occur within this period, the buyer (trader) unsubscribe to the sale. Depending on the shape of the car and the price for the bank, the sale will depend on the speed with which it will sell.
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