What is the name of your state (only U.S. law)? IA
About nine months ago my boyfriend had asked me to move in with him. His house wasn't big enough for me and my two children to live comfortably, so he decided to put an addition on his house. When he went to get the loan he found out that needed collateral. I agreed to put the titles to two of my vehicles up for the 13,000 loan. We broke up 3 months ago and he has since been threatening me that he is going to stop payment on the loan so I lose my vehicles, valued at around 8,000. The addition was never completed and me and my children never moved in with him. I would like to know if I can sue him for the value of the vehicles if the financial company does in fact come and take them for non-payment of the loan. My name is nowhere on the loan.
About nine months ago my boyfriend had asked me to move in with him. His house wasn't big enough for me and my two children to live comfortably, so he decided to put an addition on his house. When he went to get the loan he found out that needed collateral. I agreed to put the titles to two of my vehicles up for the 13,000 loan. We broke up 3 months ago and he has since been threatening me that he is going to stop payment on the loan so I lose my vehicles, valued at around 8,000. The addition was never completed and me and my children never moved in with him. I would like to know if I can sue him for the value of the vehicles if the financial company does in fact come and take them for non-payment of the loan. My name is nowhere on the loan.