My question involves an auto loan or repossession in the State of: Florida
We could not afford to keep my car which is upside down, I could not part ex the car or sell it so I was advised to give it back and all it would do is damage my credit. But now Ford Credit are telling me that I am still liable for the difference after they auction the car and that they will come after me. We are not a permanent residents in the US and we are both self employed and dont pay ourselves wages and our tax returns show losses - hence the reason we cant meet payments. I had no idea that this could happen - any advice, what will happen to us? I have not yet signed the release papers for giving the car back.