Legal Question in Credit and Debt Law in Florida
auto ownership
Myself and another party purchased a truck together. The other party is the ''primary'' andI am the co-signer. The primary has been late on the payment four months in a row. Do I ,as the co-signer,so long as i'm not tresspassing when I do so, have the right to regain possion of the truck and make the payment myself?
Asked on 1/11/02, 8:01 pm
1 Answer from Attorneys
Alexander M. Rosenfeld
Rosenfeld & Stein, P.A.
Re: auto ownership
You are not the owner. You merely have a payment obligation. Unless the owner allows you to take possession and ownership the answer is no.
Answered on 1/11/02, 8:15 pm