Legal Question in Consumer Law in Texas

Vehicle Title Fraud

Purchased a car from a vehicle broker. Paid cash for the vehicle. Did not receive title. Broker never paid seller or the lien holder (bank). I have possession of the car. The broker has since closed business but has not declared bankruptcy yet. There is some bond with the state still in effect. We have an open case with the Enforcment Section of Texas Department of Transportation. The lien holder says he'll sell us the car for $10,000. What are my legal rights to the vehicle? Can I collect against the bond and when? Can the lien holder repo the car?


Asked on 3/04/02, 6:53 pm

1 Answer from Attorneys
Eliseo Rico III The Law Office of Rico & Associates

Re: Vehicle Title Fraud

There is a myriad of legal issues that you have mentioned here. Nonetheless, you are correct in focusing on bringing a claim against the dealer's surety. However, there are some hoops you have to jump through before you can proceed against the surety such as bringing an action against the dealer first. As far as the other issues go, I would strongly consider consulting with an attorney of your choice for a thorough evaluation of the facts and circumstances of your case.

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Answered on 3/05/02, 3:47 am


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