Legal Question in Criminal Law in California
Loan!
I finance a motorcycle for a friend it got seized from us customs border, now i received a letter that they wont return it do to the driver having prior criminal history of crossing illegal into the U.S. What can i do if he doesn't want to continue to make the payments?
2 Answers from Attorneys
Re: Loan!
I would recommend that you contact customs and ask for the motorcycle. If you get the motorcycle back then sell it, but do not give it back to the friend. Then sue the friend for the unmade payments and the difference between the sales price and the amount owed on the motorcycle. This procedure will reduce your losses. If the payments for the motorcycle are not made it will be repossessed and sold at an auction, where the price is generally well below market price. You will then be liable for the deficiency and the costs of repossession. In the cases that I have seen the deficiency if often very close to the amount due on the vehicle loan.
Re: Loan!
Sue in small claims court.
Related Questions & Answers
-
Ca State Law 490.5 I received a letter that my minor daughter was apprehended for an... Asked 10/24/07, 10:39 am in United States California Criminal Law
-
Possible Jail Time I have a friend who was on a six year probation and he was... Asked 10/23/07, 10:15 pm in United States California Criminal Law
-
Case thrown out if the victim does not show up at the prelimary hearing does the... Asked 10/23/07, 4:51 pm in United States California Criminal Law
-
If the victim doesnt come to the prelimary hearing What happens to my case if the... Asked 10/23/07, 4:46 pm in United States California Criminal Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
