Letter of Intent (Repo)- TEXAS

01-22-2001, 11:51 AM

msamples95

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My car is in the shop. My insurance company sent me $5500.oo check to get it out. I have fallen at least 4 monthy behind on payment for car. I sent the check to the lien holder in order for them to sign and send back to me to get the car out. I know they want the car. I want to pay them when I get income tax. Lien holder called today and stated that they are going to send someone to my house so I will sign off on the checks, and that way they can go ahead and take posession of the car. What is the best thing for me to do? Should I sign the checks for the car? And what is a letter of intent? Is there anything I can do?

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