Legal Question in Real Estate Law in Maryland

I had a vehical financed I had a electrical fire on the vehical I tried to contact the financial company to tell them I let the vehical sit for years thinking the finance company would come get it, the car was taken to a junk yard now they want me to pay for storage or do something with the car. Can I contact the the new finance company and buy the car back or obtain the title? the car is not in running conditions and i do ntknow what happen to it over the years? What can I do?


Asked on 1/11/10, 4:33 pm

1 Answer from Attorneys
Robert Sher Wagshal and Sher

If the car has been there that long it's probably been sold for parts if any were salvageable to defray the storage costs. The finance company could have repossessed it after you defaulted on the payments, but it was probably in such poor condition that they elected not to.

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Answered on 1/18/10, 6:27 am


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