Legal Question in Credit and Debt Law in California

Loaned money to a friend who said that if they defaulted on the loan that they would sign their car over to me. I have all this writing. Now I am finding out that the same friend went to a title loan company and used said vehicle as collateral for a loan from there. Since our agreement was done back in 2014 and the agreement with title loan company was done in 2015. Am I entitled to get said vehicle


Asked on 6/08/15, 4:17 pm

1 Answer from Attorneys

Maybe, but subject to the lien of the title loan company. Because you did not go on title to the vehicle as a lien holder, the title loan company gets priority because they made their title loan without notice of yours.

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Answered on 6/08/15, 5:13 pm


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