Legal Question in Business Law in Oregon
I co-signed for a car and I just received a letter from MINI Financial Services stating that the car I co-signed for was sold at auction and I owe the balance of $12,955.41. I never received any communication that it was going to be reposessed. Otherwise I'd have picked up the payment myself. Car was purchased in OR while both myself and the main owner lived here.I reside in OR and the person who was the main on the loan lived in CA at the time of reposession. Am I responsible for the balance even though I wasn't given the opportunity to pay and didn't know the car was in danger of reposession?
Asked on 10/25/09, 3:07 pm
1 Answer from Attorneys
Daniel Meek
Daniel W. Meek
What does your financing contract with MINI say about notice to co-signors prior to repossession?
Where is the car registered?
Answered on 10/30/09, 3:41 pm
Related Questions & Answers
-
I'm starting a new business and I'm not sure which path to take (sole proprietor,... Asked 10/14/09, 1:34 pm in United States Oregon Business Law
-
We are seeking corporate structure legal counseling. Our question is about how to... Asked 9/25/09, 2:04 pm in United States Oregon Business Law
-
If I manufacture and sell a product am I a retailer or a manufacturer? Asked 8/22/09, 4:40 pm in United States Oregon Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
