Lien/Hold on Dodge Dart 75
I will try to get this situated this Monday, since the car is not legally mine and I can't register it, might just tell the debt collector to come and pick up their car! But I'll see if they might settle for a lower price. Thanks for everyones advice and knowledge. I'll keep u updated.
Then you are out of $1800.
The lien company has an easy pickup. But the car to them is only worth what they think they can sell it for minus their labor dealing with it.
Unless it's worthless. And I wouldn't tell them where the car is. Start working on the car because it's
drastically overheating now and take the radiator out. Take the carb and distributor off because it may be causing the overheating. Right now you are confused and still investigating what is going on. Once you figure out what is going on, you of course stop working since it's not your car.
"Aw shucks", now the lienholding company has to send a $100 tow truck to come get the car. Pay storage, pay $800 to get car running again to make it a $1000 car. Or scrap it for what, $300 after tow bill?
OR you'll pay the leinholder $200 to release the title.
I wonder think if the lien holder removes the lein on the car, that will not allow them to go after the guy for the $1800 or any remaining money if you make a partial payment.
I'd part it out before taking $1700 or $1800 in the shorts.
If they go after the seller, he will just say he spent the money. I bet the court could make you pay off the lienholder in full so you can title the car, then YOU would have to get the money from seller by YOU holding another lien on him. He will never pay it. Same situation all over again.
Convenient that the selling price was very close to the lien amount. Now if the seller is dragged into court he could say he was trying to pay the lien off. But aw shucks, he had immediate emergency needs for the money and now it is gone.
This was no accident by the seller. It was all well planned out.