David Allen - Car Upside Down in Bank Loan Is Repossessed

Attorney David Allen discusses a case in which US Bank repossessed an automobile. It sold the car for less than the amount which was due on the loan. The owner was upside down on the loan. The owner of the car lived in California and contended that California law applied. California law required the bank give notice before it sold the car for less than what it claimed was owed. The bank argued The National Bank Act applied since the bank was a National Bank. If federal law applied the bank could collect from the car owner the full amount he owed under the loan.

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[gmatamoros]

Hi. Nice video. Question. What if my car car was taken to mexico without my permission and then it was recovered by the finance company? Can I still recover my car? I live in california.