I allowed a person “friend” to get a phone line under my conctract, I had to make the payments every month because this person never paid a single dollar for around 10 months, plus other loans i gave him over the years. I had enough of his lies and asked for my money back. He signed a paper I wrote agreeing to pay an X amount of money by a set date and used the car that he had just purshased as collateral and surrender the title at the moment he signed the paper I wrote, I wrote the vin number, Plate number and mileage on the contract and had a friend of his sign as witness, too.
As expected he missed his payment due date. Can I legally transfer the vehicle to my name and take possession of it right away?
The pink slip he gave me still has the name of the previous owner in the “sellers” section but the “buyer” section empty, My friend hasn’t registered the car under his name yet.
You tell me. You drafted the contract and you (not us) know how it is worded and what the terms are.
If I had to speculate, probably not. You think you have the vehicle as collateral via this person’s consent, but also state the vehicle is not registered to this person to begin with. So it’s contradictory.
In addition, the whole way this “collateral” was arranged was improper as your friend was required to register the vehicle after buying it.
Our Rating is calculated using information the lawyer has included on their profile in addition to the information we collect from state bar associations and other organizations that license legal professionals. Attorneys who claim their profiles and provide Avvo with more information tend to have a higher rating than those who do not.What determines Avvo Rating?Experience & background
Years licensed, work experience, educationLegal community recognition
Peer endorsements, associations, awardsLegal thought leadership
Publications, speaking engagementsDiscipline