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Does the bank just keep all the money?
Posted in: Auction FAQ | | Comments (2)
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The bank will auction it off. Auctions don’t bring in full retail value. The will pay all the fees and the loan, what is not finished being paid off, you will still owe. If by some rare stroke of luck they sell it for more then this, you will get the balance back.
Comment by doane_nut — July 4, 2011 @ 1:49 am
YES.
Comment by Jim — July 4, 2011 @ 1:49 am