Repossessions: 11.3.6.3 Selling Expenses
Reasonable expenses for selling the collateral can be deducted from the sale price,185 but make sure these costs are not deducted twice: once to reduce the sale price and again as a debit in computing the deficiency. Sale expenses include actual payments the secured party makes to an auctioneer for fees and expenses, and advertising expenses for advertisements that specifically mention the consumer’s property. When the advertising mentions several goods for sale, the consumer should only pay a reasonable share of the advertising costs.