You may be able to find a buyer to purchase the vehicle for fair market value.
Lenders would rather have a closed out file than a non-performing defaulted loan.
How It Works
- Obtain lender approval for short sale
- Sell your vehicle to new buyer
- Sign title transfer
- Close out loanList Item
What You Need to Know
Vehicle lienholders frequently are not interested in recovering delinquent vehicles. While they have no interest in picking up the car, truck, motorcycle or ATV, they are not going to release the lien off the title and give you a free and clear title. The alternative is to do a car short sale.
We Can Help!
A vehicle short sale offer provides the lender with a method to clear their loan, and a method for you to dispose of the vehicle from your possession. A willing buyer can purchase the vehicle for fair market value, even if it is less than the loan amount.
Do’s and Don’t for Car Short Sales
DO
Verify the actual loan amount
Document vehicle condition
Get an accurate valuation.
DO NOT
Sell to a buyer without a title
Conceal a vehicle lien
Transfer to a relative
Address:
1628 N Coast Hwy Ste A
Newport, OR 97365