I sold a car with payment contract. He defaulted and then sold it for cash to someone else. Can I repo?

Question

I hold the Title, and I know where the car is. I have a set of keys. I want to contact " The Other People" and let them know of the situation, but I fear they may hide the car and I will loose my chance to take it back. What are my rights?

Answer 1

You have the title, do what you wish with the car, the new owners must have not registered the car so the whole thing sounds shaky. You don't need anybody with you to get your own car.

Answer 2

You hold the title, so you are legal owner. Period. Call the cops to come with you if you like, since it is YOUR car. Obviously the 'other people' do not realize what they got themselves into, but they also have a legal recourse against the previous 'people'. If they got any paperwork regarding the transfer of vehicle from the previous 'person' then they can sue for the cash. Go get the car, and then explain to the new 'owners' what is the issue. I am afraid the new 'owners' are caught in an SOL situation if they don't have any paperwork.

That is just the way it happens sometimes. It sucks, but so does life.

Answer 3

If the car is still titled in your name you are the rightful owner and can repo the car or report it as being stolen.

Answer 4

im pretty sure you can take it back after you do i would notify them to tell them the situation, and to get their money back from the guy you previously sold it to and to give you the money, if they still want the car. but if you do take it i would take it to another city and sell it there because if they have a pair of keys theyll just take it back, if you go to court youll pretty much win because your the owner, you still have the title, if you made a contract and they made any payments, there entitled to nothing if they backed out