Due to financial issues they need to sell the car asap but they still owe $14,000 to the bank. Can anyone tell me if they should let the bank reposes? The car needs a lot of work and the dealer offered very little money, Can anyone give me advice on how to handle this situation.
What make and model is the car? If it is a high rated brand, like Toyota or Honda, the remaining balance may not be too bad.(if there is one)
I have never had to deal with this so have no idea how to handle.
I am assuming you are POA. No one else can willy nilly deal with this. As POA you have the right to expert advice paid out by your parents funds, so I would run this by an attorney for your area with a phone consult if possible.