My car was repossessed last year after wife lost job and we got behind on payments, and were unsuccessful in attempting to negotiate lower payments/deferments with them to get caught up. Loan was through Wells Fargo, who sold the car at auction and we were on the hook for the difference. This was immediately sent over to a collections agency, which would deal with us, and we’ve been making 0 payments ever since. Apparently, Wells Fargo has taken the loan back and sold it to another company. We only found this out because the collection agency refused payment, and we called them. What is up with this and what should we expect? Is it possible that with the sale we may be able to negotiate a smaller payoff to be rid of this loan for good?