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Buying repossessed cars can be a great way to save money. Buyers can often purchase a vehicle at a cost lower than fair market value. However, buying repo cars can be tricky, especially if you are unfamiliar with the way the repossessed car trade works.

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The bank repossessed my car but never sold it. Do I still …
If your car is repossessed and you never got a notice of the car sale, then the bank either (1) sold the car but failed to notify you, or (2) never sold the car.

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| Bank Repossessed Residential Properties
Bank repossessed properties arise from borrowers defaulting on their home loan repayments to the extent that the home loan has to be terminated.

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If you fail to make your car payments or otherwise default on your loan, you risk having your car repossessed by your lender. Learn how car repossessions work, how to avoid them, and what your options are if your car gets repossessed.

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bank-repossessed cars Archives | Security Bank Philippines
If you're already a client of a bank and you decide to buy a repossessed car from them, you may qualify for their rewards program. Cars are high value items so you can easily rack up a ton of points from the sale! Interested in buying repossessed vehicles?

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