Jeremy  Abreu

I am in a situation, 

I have done a BHPH deal for a "good" friend of mine in 2014. He ran away with the vehicle and took off the GPS device I had inside and haven't been able to find the car since. Recently their insurance company contacted me and wanted to payoff the car because it has been deemed a total loss as of last week. Now the vehicle's ACV is a lot lower than what the current loan for the vehicle is. 


My question is how can I hold the owner liable for the rest of the debt on the loan?

Suggested Discussions

Mark Rask
by Mark Rask
Last reply by Mark Rask

Featured Masters

No members found

CRM - Fixed Ops Products

96%  Recommended Recom'd 60 Ratings
Company: ELEAD1ONE
93%  Recommended Recom'd 33 Ratings
85%  Recommended Recom'd 7 Ratings
Company: DealerSocket
100%  Recommended Recom'd 1 Ratings

 Rate a Vendor Give feedback in three quick steps

Select a Vendor & Product
Can’t find what you're looking for?
Add a Vendor  or  Add a Product