Auto deficiency refers to the outstanding balance left on an auto loan after repossession. Some auto accounts can be sold with titles for collateral, but most often are not. The original lender will usually have pursued repossession of any property of value, so the remaining deficiency balance is more than likely unsecured. It is important to make sure that all applicable state laws have been followed in the collection, repossession and handling of collateral when reviewing portfolios.
Some sellers will prefer to list debt on open exchange and mass market, but many will only sell by private bid. Contact us today to find out what files are currently available through BuyingDebt.Org. To view a data file- download the NDA(non-disclosure agreement), fill it out and email or fax it back to me at (856) 997-9407. If you already have an NDA on file with me, email me or use one of the contact forms on this page to let me know what you would like to see.
Files can move quickly and information here will change often so check back periodically. Please contact me if you have questions or if you need any assistance with due diligence. When you are ready to submit a bid on a file, email me with the details of the selection file and pricing so I can present them to the seller.
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