Jerry deiter
Junior Member
What is the name of your state (only U.S. law)? Louisiana
If there is no evidence of the trade, and the dead guy's bank repossessed the ATV that you had in your possession because the dead guy still had title to the ATV, then you can retrieve your original ATV from the "new owner."A year ago I traded atvs with someone, we were unable to finalize the trade(no bill sale was issued and the bank still had his title). Well the other party apparently re-traded my atv to someone else and then was in a fatal car accident and died. His bank repossessed his atv from me(as it wasn't paid for yet) and no one knew who had my original atv. Well the new owner contacted me through social media. Now I know who has it and I want to know if I can sue him to get it back, as there was no actual transfer of titles and it's still in my name
OP traded his ATV (we'll call it blue) for his friend's ATV (we'll call it red).Wait.
If the bank repossessed it then the bank owned it and got title to it under the state's repossession laws.
If the bank sold it then the new owner should have good title from the bank.
Something is missing from the story.
So far, I don't see the OP having any right to it now unless, of course, he wants to pay for it.
That is my understanding, as well.OP traded his ATV (we'll call it blue) for his friend's ATV (we'll call it red).
The "red" ATV was repossessed (still titled in friend's name), and was never titled in OP's name.
The "blue" ATV was retraded, because the friend was no longer paying for it, and OP wasn't paying for it because the "sale" hadn't been finalized.
The original owner of the "red" ATV is dead.
The "blue" ATV is still titled in OP's name.
At least, that's my understanding.
The bank repossessed the dead guys Razor from me, since he never paid his bike off it was still the banks property. He was supposed to pay it off that following Monday, since we made the trade on a Saturday evening. (I know, I am the complete fool here who trusted someone to do what they said they were going to do).Wait.
If the bank repossessed it then the bank owned it and got title to it under the state's repossession laws.
If the bank sold it then the new owner should have good title from the bank.
Something is missing from the story.
So far, I don't see the OP having any right to it now unless, of course, he wants to pay for it.
Yes, you can sue the guy who currently has possession of your original ATV. You have title to it. It is legally still your ATV.The bank repossessed the dead guys Razor from me, since he never paid his bike off it was still the banks property. He was supposed to pay it off that following Monday, since we made the trade on a Saturday evening. (I know, I am the complete fool here who trusted someone to do what they said they were going to do).
Weeks, months go by while I am trying to get in contact with him to get the situation settled, then I get a call from his bank stating he had died in an automobile that he traded my Ranger for and that they are going to repossess his Razor since it was still financed. But no one knew where my Ranger was. I've only just now tracked it down but he won't return it. That's why I wondering if I can sue him(the guy who has it now)
The guy you made the trade with died leaving a bit of a mess behind for you to clean up. Good luck with any legal action you decide to take against the person who possesses your ATV.Ok thanks for the info guys.
It was an oral agreement at best. Until all terms of this agreement were met, the ATVs remained the legal property of the title-holders. All terms of the agreement were not met.I disagree that it's legally the OP's ATV. The OP is going to have to perjure himself in court by testifying that he did NOT trade the ATV to the dead guy in order to win.
I disagree, which is ok.It was an oral agreement at best. Until all terms of this agreement were met, the ATVs remained the legal property of the title-holders. All terms of the agreement were not met.