This will be for an elderly gentleman's vehicle that is being sold before his death. Can I, as his power of attorney & impending executor of his estate, handle this and the repossession of the vehicle when payment is not made?
2006-10-31 05:08:10 · 8 answers · asked by Kimberley S 1 in Cars & Transportation ➔ Buying & Selling
dont let them make payments make them finance the money so you get payment in full then all you need to do is draw up a bill of sale stating sold in as is condition that way it wont come back on you but i wouldent accept payments from an individual your asking for trouble
2006-11-01 08:49:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
WHEN payment is not made? or IF? If it's a matter of knowing payment won't be made, it's not in his best interest to sell the vehicle to that person.
Otherwise, yes, as his spokesperson with power of attorney, you can sell the vehicle. Just put the terms of sale in written form, both of you sign it in front of a notary public, and have it notarized. You keep the original, give him a copy. Then go to the nearest Department of Motor Vehicles office and have the buyer added as the registered owner, and add yourself as the legal owner. That will keep your interest and a lien on the vehicle until it is fully paid for.
2006-10-31 05:14:49 · answer #2 · answered by oklatom 7 · 0⤊ 0⤋
As power of attorney and as executor of his estate, you have just about all authority to handle his affairs.
In regards to the automobile sale, you don't need a specific form, you may design it yourself. Be sure it's all inclusive-every detail specified, including a statement regarding that seller is selling car completely as is with no written or expression of any warranty.
Date it- list both party's names, lay out the terms including any actions that may be taken if the buyer refuses to follow through with his obligations. Have both parties sign it-and put another date underneath the signatures. Preferably, before a notary.
If you want to get a form, try Judge Joe Brown's website-they have one there.
You can try this link to see if it has what you need. Keep scrolling until you see it.
http://www.judgejoebrown.com/resources/forms.asp
2006-10-31 05:23:52 · answer #3 · answered by Hestia 4 · 0⤊ 0⤋
You have Power of Attorney correct? You have the legal right to do anything when it comes to his estate, living or in death.
2006-10-31 05:13:25 · answer #4 · answered by nbr660 6 · 0⤊ 0⤋
Many stores that sell stationary like Office Smart sell these.
2006-10-31 05:18:34 · answer #5 · answered by sonorarat 3 · 0⤊ 0⤋
As long as you have a written contract and signed by both parties, then yes you can I believe
2006-10-31 05:11:09 · answer #6 · answered by scottb03gt 4 · 0⤊ 0⤋
If you have power of attorney, you should be able to.
2006-10-31 06:10:09 · answer #7 · answered by ? 7 · 0⤊ 0⤋
****** 8 LETTERS****** ATTORNEY!!!!!!!!!!!!!!!!
2006-10-31 05:10:40 · answer #8 · answered by Anonymous · 0⤊ 0⤋