Legal Question in Consumer Law in Michigan
Auto first secured party
If I am the first secured party on the title off a van, with no written agreement to sell the van. How do I initiate my claim of interest??
The man who's name is listed on the title as the owner was only borrowing the van for a few months. He took it out of the state of Michigan against my will. I asked him not to take the van, it was suppose to stay with my daughter if they were to break-up.
1 Answer from Attorneys
Re: Auto first secured party
If you are a lienholder on the vehicle, you have the same rights as a lender would have, you can repossess the vehicle and sue for a deficiency judgment. If the person is in another state, you will need to comply with that state's laws and the best way to ensure that is to consult with an attorney in that state. In any event, you allowed him to have the title in his name, that hardly equates to letting him borrow the car.
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