Former homeowners/drivers may still be on the hook if there’s a difference between what they owe on their loan and what the bank sells it (the car or house) for at auction. These deficiency judgments are ticking time bombs that can explode years after the item goes away.
I find havnig an unpaid deficiency usually catches you right before you go to buy a house, get married, or try and move on.
If you are facing foreclosure, call now.