Legal Question in Credit and Debt Law in Georgia
I sold a car to a person who supposed to finish to pay it to me, about month and a half ago. I checked his house but he no longer live there. He finally called me offering a much lower amount for the car so I could give him the title. I said I need the hole amount we agreed before. He paid only half of the price we agreed. What would be the best way to get the rest of the money or the car back?
1 Answer from Attorneys
It sounds like you screwed up, and, because you broke the law in how you sold the car, you may not have a good remedy. The next time you will know to see a lawyer before you sell a car and do proper paperwork.
You cannot sell a car by holding the title. You sell a car with a bill of sale and transfer the title, and, if you wish to make the mistake of financing the sale (also a bad idea), you record a lien on the title. Then, when you aren't paid, you could have repossesed the car with proper papers.
You could probably sue him now, but since you did not do the proper procedure and papers, it may not go as well as expected.
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