Steven
Jacksonville,#2Consumer Comment
Sat, June 02, 2012
Anytime a car is repo'd the car is sold. You don't really have a need to know where the auction is or anything else. After the car is sold if there is a difference in what the car was bought for and the balance due on the loan you are expected to pay the difference if there is one (same thing goes if they sold the car for more than you owed they would pay you that money).
Evidently you thought just because you no longer owned the car you were not supposed to pay the difference. I find it hard to believe that you received no letters from the bank stating that this balance was still due and asking you to pay it (maybe you moved and didn't provide an address change).
If you or the co-owner did not try to claim property it was probably kept or thrown away. I find it hard to believe that you were never told who repo'd the car or where to go to claim any property.