I'm running out of time with 3 vehicles (2 cars and an RV) to sell them before I move back home (outside Alberta). I

Expert's Assistant chat
Customer: Hi, I'm running out of time with 3 vehicles (2 cars and an RV) to sell them before I move back home (outside Alberta). I need to speak to someone about the Voluntary Surrender option on those loans please.
JA: Have you talked to an Alberta lawyer about this?
Customer: Not yet, do you have any Alberta lawyers available?
JA: What steps have you taken so far?
Customer: for the first one RV - I have spoken to them and told them I would like to voluntarily surrender. I have now received the email to say I confirm my intentions to voluntarily surrender.
JA: Anything else you want the Lawyer to know before I connect you?
Customer: I haven't stopped payments so we're not yet in a seize or sue situation. I have a house with a reasonable chunk of equity but that won't be sold until after I've gone. I don't want the lender to put a lien on the house as that could impact the sale and frankly I need the money to fund my move home.
Answered by Debra in 5 hours 2 years ago
imglogo
Debra
10+ years of experience
logo

168492 Satisfied customers

Expert in: Family Law, Legal, Estate Law, Real Estate Law, Criminal Law, Employment Law, Business Law, Consumer Protection Law, Bankruptcy Law, Traffic Law, Personal Injury Law.

logoimgimgVerified lawyers, 10+ years of experience
Chat with a Lawyer in minutes, 24/7
imglogo

Verified lawyers, 10+ years of experience

Save time and money. Get specialized help.

imglogo
Debra
10+ years of experience
logo

168492 Satisfied customers

Jessica

Jessica

Consultant

31,131 Satisfied customers

Pearl avatar
Lawyer's, Assistant
14 Lawyers are online right now.
img

Debra, Expert

Hello! My name is Debra (formerly known as Legal Ease). Thank you for your question. I'm reviewing it now, and will post back again shortly.

img

Debra, Expert

I am sorry to hear that it sounds like you are in a difficult situation.

But what is your specific legal question please?

Customer
Hi Debra. I have 3 conditional Sales contracts. I am moving out of Canada so am contemplating using the voluntary Surrender option. I am not yet in default but leave Canada in mid August. When I ask for VS I assume the bank can choose to seize or sue. If I confirm I want to VS can I change my mind if they decide to sue? And secondly, if the decide to seize, is that it, they cannot go further? Thanks
img

Debra, Expert

Because you have conditional sales contracts they can seize or sell but not both.

But when you voluntarily surrender the car you are not giving them the option to seize and sue and so they can sue you if they wish. This has to be their choice not yours.

Do you see what I mean?

Please feel free to post back with any follow-up questions you may have. If you don't have any then I hope I have earned a 5 star rating but if you don't feel that I have please don't hesitate to reply back and let me know what more I can do to assist you. Finally, please know that even after you rate me I will be here for you and you can ask follow-up questions if you think of them later on at no further charge of course.

Customer
Ok thanks
Ask a lawyer and get your legal questions answered.
See all Legal Questions
img
Related Legal Questions
How it works
logoAsk for help, 24/7
Ask for help, 24/7
Members enjoy round-the-clock access to 12,000+ verified Experts, including doctors, lawyers, tech support, mechanics, vets, home repair pros, more.
logoExpert will respond in minutes
Expert will respond in minutes
After you reach out, we match you with an Expert who specializes in your situation. Talk, text, chat, whichever you prefer.
logoSave time & money
Save time & money
No scheduling hassles, missing time from work, or expensive consults.
A JustAnswer membership can save you significant time and money each month.
img
logo 593 Verified lawyers, 10+ years of experience
DISCLAIMER: Answers from Experts on Askalawyeroncall.com are not substitutes for the advice of an attorney. Askalawyeroncall.com is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response as proposing specific action or addressing your specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances should be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on any information received from an Expert, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains. The responses above are from independent, freelance Experts, who are not employed by Askalawyeroncall.com . The site and services are provided “as is”. To view the verified credentials of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service.
Explore law categories
Powered by JustAnswer