Legal Question in Credit and Debt Law in Missouri

My husband and I purchased a lawn mower for friends starting a landscaping business. Original agreements were not met but payments were being made until January of this year, then payments were late or paid with returned checks which incurred late fees and returned check fees. In August of this year payments stopped being made. Can my husband and I go to their home or storage facility(where the lawn mower is) and take possession of the mower? We have the bill of sale in our name to prove we are the legal owners of the mower. The mower was financed through a local small engine shop who uses GE MoneyBank as it's lender. Is this considered a secured loan or an unsecured loan? Is there more for my husband and I to do ( file legal papers) of can we just get the mower in our possession?

Thanks

Lisa Brune


Asked on 9/21/09, 7:21 pm

1 Answer from Attorneys
Anthony Smith LawSmith

Whether you have the authority to repossess the lawnmower is somewhat dependent upon how the sales agreement is worded, as well as any agreement you have with your friends. Based upon the limited information you were able to provide, it appears that you may make a claim against your friends in court. You might do well to have attorney bring that action for you.

Good luck

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Answered on 9/23/09, 5:08 pm


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