Legal Question in Credit and Debt Law in Florida
Prommissory Note
As security on a note I held the signed title to an automobile. In the event of default can I legally transfer the auto into my name & take possession.
2 Answers from Attorneys
Re: Prommissory Note
not without a court order.
Re: Prommissory Note
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You would probably have to file a suit for damages in the appropriate court in order to enforce your rights. Florida does not recognize any "self help" thus you cannot just take the title to the car without a judicial decree.
Scott R. Jay, Esq.