Legal Question in Traffic Law in Alabama

Can parent cosigner on car loan reposess car in son's name

I co-signed the loan on my son's car. He lost his job and I have paid all 4 payments so far. I can not afford to keep this up. He (age 22) has moved out and is hiding from me. His name alone appears on the title as owner as I did not want to be liable for any accidents etc. he may have with the car. I know where he is parking the car and I have a set of keys. Can I legally reposess the car and sell it to pay off the debt?


Asked on 8/26/05, 3:41 pm

2 Answers from Attorneys
Mark Johns Mark Johns, Esquire

Re: Can parent cosigner on car loan reposess car in son's name

When a cosigner makes payments he subrogates to the rights of the lender. You may be better off going through the courts and getting possession that way to avoid any mistakes.

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Answered on 8/27/05, 1:16 am
Marc V. Taiani AAAL - Allegheny Attorneys At Law

Re: Can parent cosigner on car loan reposess car in son's name

I would agree with Mr. Johns, then after you gain legal possession of the vehicle you can do whatever you wish, a brief letter from an attorney to your son might do the trick as well.

Sincerely,

Marc V. Taiani, Esquire

AAAL - Allegheny Attorneys At Law

www.AlleghenyAttorneys.com

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Answered on 8/28/05, 7:54 pm


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