I found out because my wife works for a car dealership where we bought are car are note was sold to american eagle acceptance. We got one month behind then we found out they were repoing 400 cars we were told we had 48hours to get current. My wife drove my car to the dealership to bring us current they asked were our van was then asked where my car was. Well i have since found out that the reason for all these cars being repo'd is the SEC has siezed all this compaines assest. Here are a few links.
Www.sec. Gov/litigation/litreleases/lr20236.htm
Http://www.sec. Gov/divisions/enforce/claims/amerifirstfunding.htm
These people are ripping off both car buyers and The elderly and it seems we can do nothing. My van has to stay in the Garage because they are picking up cars between 11pm and 2Am. When i drive it to work i have to worry it will not be there i have since called the SEC Fort Worth office to talk to them and the Reciever to find out where my van stands in all this. Anyone who has a car note that has been bought by them needs to contact these people fast. If your cars has been picked up call them also.
Rusty
Royse City, Texas
U.S.A.
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