[WSBAPT] Underwater car loan

[Ann Manley]

Decedent owes $45k on a car worth $25k. If the car is surrendered, I'm sure
the bank will sell it at auction and get less than fair market value. Are
there other options? Will lenders ever negotiate the balance owed, for
instance if we found a buyer willing to pay $25k?

Estate is solvent, so we could pay a lump sum to the bank if they would be
willing to release the title to the purchaser.

Ann Manley, Esq.
The Manley Law Firm, P.S., Inc.
PO Box 16324
Seattle, WA 98116
(206)292-3064 / (206)292-3914 fax
www.manleyfirm.com

*The Manley Law Firm practice areas include Bankruptcy*, Estate Planning,
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