The Expert Podcast

• A troubling trend: More vehicle owners now have higher negative equity than ever before.
• Edmunds, a respected automotive publication, reports that 25% of trade-ins have over $10,000 in negative equity.

• It means you owe more on your car loan than the car is worth.
• In the past, negative equity was around $1,000-$2,000, but now it’s skyrocketing.

• If you trade in a car with negative equity, the debt rolls into your new car loan, increasing your financial burden.
• Depreciation on your new car makes the situation worse, leading to even deeper negative equity over time.
• Voluntary repossession isn’t a good option—it results in a deficiency judgment, leaving you liable for the remaining balance.

• A car short sale allows you to sell your vehicle for less than you owe, with lender approval.
• This process helps you avoid repossession, limit financial damage, and move on to a more affordable vehicle.
• You can sell the car privately or through a dealer.

• You file a package with your lender, including a valuation report, sale affidavit, and financial documents.
• Lenders may waive part of the negative equity or offer a manageable repayment plan.
• Unlike a trade-in, a short sale prevents your negative equity from getting added to a new loan with high interest

• 📌 Live one-on-one consultation available—speak with a certified title expert about your options.
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• Click the link below to start your car short sale process.
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