Legal Question in Civil Litigation in Virginia

lein

Signed contract to purchase vehicle from individual at $50 a week

for $1000. Registered, insured and licensed in my name. Signed

Title with Lein at DMV. Engine failure at $550 paid. Stopped

making payments. Contract states leinor WILL repossess if any

payment is more than 5 days late (not may reposses or has the

option to reposses).Can I make the leinor reposses the vehicle

from this line in the contract and take over registration.


Asked on 8/22/05, 6:28 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: lein

No you cannot force the holder of the lien(the lienor) to repossess the vehicle. Congratulations, you're the owner

of record of this junker for what is likely to be an amount that is substantially less than the contract price.

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Answered on 8/22/05, 8:51 pm


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