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  1. #1

    Default Car Repossession After Death of the Owner

    My question involves an auto loan or repossession in the State of: Georgia

    Ok...my father's name in on my vehicle, only his name is listed. He was killed in 2006. I had fallen behind on payments and told them I would make a payment to catch it up. In this they discovered my father is deceased. Well now the car is up for repo and we are just waiting for a repo man at any moment.

    When I try talking to them I go to a different dept and can't talk to the original person. I am told that b/c he is deceased the vehicle must be paid in full or turned in.

    I can't seem to find any laws on this.

    A repo would hurt my mother as my father's name is still associated with some of her credit cards, so really I guess it would just close those accounts.

    If we were to turn it in would we be responsible for any difference in the amount owed?

    We owe like 10,200, it's a 2005 and probably worth about 6500. If we get a loan to pay of the difference we will end up owing way more by the time we pay the added interest.

    Thanks for any input!

  2. #2
    Join Date
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    Default Re: Car Repossession After Death of the Owner

    Why would the repo affect mom's credit - you've not indicated that she's on the loan.

    Your father's estate may be liable for the debt. It isn't clear whether you've never probated the estate, or if the estate was probated but the issues with the car and credit cards weren't properly addressed, or for that matter what was in your father's estate at the time of his death.

    I'm not sure why you would want to keep the car if the loan balance is almost $4,000 more than its value.

  3. #3

    Default Re: Car Repossession After Death of the Owner

    Its a secured loan and the bank has interest in the car. Its already upside down so why not just let it go?

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