Legal Question in Real Estate Law in California

61 Corvette
My sister owns a 61 Corvette appraised value of $50,000. She got a loan against her car from the dealer that appraised the car. The loan was for $10,000. She was to pay it back in 90 days. If she went over 90days, for every month an additional $500.00 would be attached. She has a paper stating this and that the dealer would not sell the car. She was 3 months overdue, approached the dealer with the money to pay off the loan. His reply was that he sold the car for $20,000. In order to get the loan, she signed the pink slip over to the dealer. What recourse does she have? She was on drugs at the time of the deal, as he was aware. We do not believe he sold the car. He made it known he planned on keeping it for himself. Does she have any chance in getting the car back?

Asked on 7/19/02, 6:13 pm

Martin Snitow

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0 attorneys agreed

Re: 61 Corvette

Maybe. A lot depends on what the agreement says. Your sister should see an attorney promptly.

Answered on 7/20/02, 9:06 pm

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