Legal Question in Credit and Debt Law in Oregon

Title Lien Automobile
I loaned a friend a considerable amount of money to aid in his divorce legal battles. I was expecting to receive my money from his portion of the procedes from the sale of the home. Instead the attorney received all the funds and I received nothing. After the divorce was final I insisted he sign over he vehicle to me until he paid me back, he did so (vehicle was paid in full, no bank loans on it). I allowed him to stay registered on the title...but I am lien holder. 2 months after the settlement his attorney advised him he was placing a lien on the vehicle until he was paid in full. Where do I stand now? I am wanting to go ahead and sell vehicle, friend says its okay for me to sell to get my money, but will the attorney get the money before me? The vehicle won't sell for the full amount owed me. Thank you.

Asked on 2/17/05, 1:41 pm

Chris Johnson Christopher B. Johnson, Attorney at Law

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Re: Title Lien Automobile

The person whose lien was placed first has priority.

Answered on 2/18/05, 5:53 pm

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