Declaration In Support Of Deficiency Judgment On Sale Of Vehicle {VN033}

VN033 - DECLARATION IN SUPPORT OF DEFICIENCY JUDGMENT ON SALE OF VEHICLE. This form is used in the Superior Court of California, County of Ventura, when a creditor or seller seeks a court order for a deficiency judgment after repossessing and reselling a vehicle under a financing contract. This form is completed by an authorized employee of the plaintiff, typically the creditor, to provide detailed information about the vehicle financing agreement, the repossession, and the resale process. It requires disclosure of the original contract terms, the dates of payment, repossession, and resale, the resale price, the fair market value, and whether the resale was conducted in a commercially reasonable manner. It also provides a full breakdown of the financial calculations, including the original contract price, finance charges, payments made, credits to the buyer, repossession and resale expenses, and the final deficiency balance owed after resale. By signing this declaration under penalty of perjury, the declarant certifies the accuracy of the information, allowing the court to determine whether a deficiency judgment should be granted against the buyer for the remaining balance. www.FormsWorkflow.com