Repossession Lawyer in Lufkin
Car Repossession Attorney Serving All of East Texas
Most people do not typically have enough cash to buy a car outright, meaning they can only do so by borrowing a significant amount of money. Millions of individuals every year fail to pay their loan bills on time, often resulting in car repossession. At the Law Offices of W. David Stephens, we understand that good people sometimes fall upon hard times. If your car has been repossessed or is in danger of being taken away, we can help. Our Lufkin repossession attorney has extensive experience handling these complex cases.
Let us help you get your repossessed car back. Give our Lufkin office a call today at (936) 298-5388 to discuss your situation with a skilled legal advocate.
Can You Recover a Repossessed Car?
When people default on their auto loan, lenders are entitled to repossess the vehicles. If your car was repossessed, you might be able to get it back.
There are a variety of options available for getting your vehicle returned to you, including:
- Redeeming the car: Buying back the vehicle by paying the lender your entire loan balance, arrears, and any repossession costs
- Reinstating the loan: Paying off the arrears and repossession costs and continuing to make regular payments on the car
- Repurchasing it at the auction: Bidding on the vehicle to try to buy it back, though remaining liable to pay any deficiency balance owed to the lender
- Filing for bankruptcy: Declaring bankruptcy to prevent your lender from selling a car until they obtain the court’s permission
Our knowledgeable bankruptcy lawyer can help you determine a solution that is right for your particular situation.
What Are Your Rights When Your Car is Repossessed?
If you have defaulted on your car payment, your lender has the right to take your car. You also have rights that deserve to be protected. For instance, the lender’s repossession agency may not breach the peace when taking back the vehicle.
Also, the lender must put forth a reasonable effort to get a fair market value when selling the vehicle. This is important because the proceeds from selling the car go towards paying off your debt, and you will still owe any remaining deficiency amount to the lender. It is in your best interest that the lender gets as much money out of selling the car as possible.
Contact Our Lufkin Repossession Lawyer
Facing vehicle repossession can make life difficult. Let the Law Offices of W. David Stephens guide you through this challenging time.
If your vehicle has been repossessed, contact us today at (936) 298-5388 or reach out to us online.