Q: Ex husband kept my suv in the divorce, it’s still in my name, it is close to repossession. What happens if repossessed?
During divorce I didn’t ask that he refinance because it’s a 2006 and his credit was too far gone, so it wasn’t going to happen. So there was no stipulation. Just flat out, he was able to keep the vehicle
A: You will likely be held responsible for any deficiency (loan balance minus sale proceeds after repo). Therefore, you should try to avoid having this happen. You may have some recourse against him depending on what your divorce orders say.
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