YCntWeJstGtAlng
Junior Member
What is the name of your state? CALIFORNIA
I recently ended a relationship. Over the course of the 4 yrs, I LOANED Dan a substantial amount of monies. Dan has not been meeting his obligation to repay me, no payment having been made in 4 months. Part of the money he borrowed was $5,000.00 to purchase a telescope. I paid for the scope -the checks I wrote specifically state 'LOAN' in the memo- with the understanding that the telescope, tho' the warranty paperwork was put in his name, remained in my possession til his debt was paid in full. However, about 2 months ago I allowed him to temporarily store this very large instrument at a friend's home while major remodeling was being done on my home. We were concerned about the difficulty of shuffling it around & accidental damage by the construction crew after a pinball machine was accidently knocked over, destroying it. Of course, now that I have kicked him out, he refuses to return the telescope to my house. Dan has only paid less than $1000.00 toward the approximate $10,000 (conservative estimate) owed. The telescope & his truck are the only items he has of any real value. I would like to repossess the telescope & either hold it til the debt is paid off or, should he fall grossly behind in payments, sell it to recover my money. What do I need to do in order to do this legally, thus compeling him to surrender the telescope?
Thank you for your time & kind attention to my inquiry!
I recently ended a relationship. Over the course of the 4 yrs, I LOANED Dan a substantial amount of monies. Dan has not been meeting his obligation to repay me, no payment having been made in 4 months. Part of the money he borrowed was $5,000.00 to purchase a telescope. I paid for the scope -the checks I wrote specifically state 'LOAN' in the memo- with the understanding that the telescope, tho' the warranty paperwork was put in his name, remained in my possession til his debt was paid in full. However, about 2 months ago I allowed him to temporarily store this very large instrument at a friend's home while major remodeling was being done on my home. We were concerned about the difficulty of shuffling it around & accidental damage by the construction crew after a pinball machine was accidently knocked over, destroying it. Of course, now that I have kicked him out, he refuses to return the telescope to my house. Dan has only paid less than $1000.00 toward the approximate $10,000 (conservative estimate) owed. The telescope & his truck are the only items he has of any real value. I would like to repossess the telescope & either hold it til the debt is paid off or, should he fall grossly behind in payments, sell it to recover my money. What do I need to do in order to do this legally, thus compeling him to surrender the telescope?
Thank you for your time & kind attention to my inquiry!
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