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QUESTION

can Bank of America chase me for the balance of my contract with them for a motor home,if I sell for less than the balance owed to BofA...balance 65K

Asked on Dec 02nd, 2011 on Collections - New York
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1 ANSWER

Richard John Meier IV
Personal Injury Attorney serving Chicago, IL at Meier LLC
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Yes. The difference is called a deficiency balance, and you are legally liable for it under the contract.
Answered on Dec 05th, 2011 at 10:10 AM

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