SELLING OUT OF TRUST
Selling Out Of Trust is phrae typically utilized in the automobile industry. Selling out of trust means to sell a car that was paid in loan and then not use the proceeds of the sale in the repayment to the lender. Selling out of trust is mostly practiced in car dealerships and with financially-challenged individuals. Standard procedures just take the car of those who aren’t able to make payments that’s why in the case of selling out of trust where the car is sold without loan payment, the bank can’t seize it.
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