The compliance angle
Most states require the lender to send a notice of intent to sell, conduct a commercially reasonable sale, and provide an accounting of the deficiency balance. Missing notices and inflated deficiency balances are common — and both are strong dispute grounds.
What we audit
- Voluntary vs. involuntary surrender coded incorrectly.
- Deficiency balance that does not match the auction proceeds.
- Missing right-to-cure or notice-of-sale documentation.
- The same repossession reported by both the lender and a collection agency.
The Bottom Line
Repossessions fall off reports more often than people expect. Let us look at yours.