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Real Estate & Property Law

: The Home Equity Theft Reporter

Beware Of Finacially Shaky Auto Dealers Failing To Pay Off Car Loans On Trade-Ins

By r morris

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The Associated Press reports: The national wave of auto dealership closures has come crashing down on thousands of people who are on the hook for used-car loans that dealers were supposed to absolve.When a car buyer still owes money on a vehicle he is trading in, the dealer promises to pay off the outstanding loan, then resells the vehicle. But as more dealers go out of business, some are

Full post as published by The Home Equity Theft Reporter on February 07, 2009 (boomark / email).

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