What happens when your car gets repossed in the state of Florida?

- Creditor files a complaint with the court and obtains a

judgment against you.

- The creditor sends you a notice of default and intent to

repossess.

2. Repossession:

- The creditor or their agent (repossession company) takes

possession of your car.

3. Storage:

- Your car is taken to a storage facility.

- You are responsible for storage and towing fees.

4. Sale of the Car:

- The creditor will sell your car at a public auction.

- The proceeds of the sale go towards paying off your debt.

5. Deficiency balance:

- If the sale proceeds do not cover the full amount of your

debt, you will owe the creditor the deficiency balance.

- This can result in further legal action.

6. Right of Redemption:

- Florida allows you the right to redeem your car by paying

the creditor the full amount of the debt.

- The redemption period is usually 10 days from the date of the

sale.

7. Repossession rights:

- You have certain rights during repossession, such as the right

to be notified in advance and the right to be present during

the repossession.