09/08/2026
🚗 The car was repossessed. Then it was sold. So the borrower is done with the debt… right?
That assumption could create a BIG surprise later. 😳
There’s something called a deficiency balance, and borrowers may not realize it exists until it shows up as a much bigger problem.
🎥 Watch this before telling a borrower their repossession is behind them.
👇 LOs: Have you ever pulled credit and found a repossession balance the borrower didn’t even know they still owed?