AdViSePls!
Junior Member
What is the name of your state (only U.S. law)?
Arizona
I am a co-signer on an auto loan. The other party who was in possession of the vehicle stopped paying the loan. The bank is trying to repossess the vehicle now after 4 months, and coming after me for the loan balance.
I am willing to pay the past due payments and keep the vehicle from going into repossession or charge off, but only if I can get the vehicle and the other party cannot take it back. As this has happened once already (I took the vehicle when it was 1 month past due, but the other party found it the next day, took it and and hid it since). However, I now know where the vehicle is!
If I take possession of the vehicle, bring the account back in good standing, can I get a court to order the vehcile stay in my possession or order the co-owner be removed from the title (we have an AND/OR title)?
If so, what steps do I take to get this done?
I do not have the funds to pay an atttorney and only have 14 days until the bank charges it off as bad debt.
Please help.
P.S. I already spoke to the bank and the only way to get the title in my name only is to refinance (which required the other party's signature) or have the other party do a title transfer, which requires other party's signature as well, both of which she will not do.
Arizona
I am a co-signer on an auto loan. The other party who was in possession of the vehicle stopped paying the loan. The bank is trying to repossess the vehicle now after 4 months, and coming after me for the loan balance.
I am willing to pay the past due payments and keep the vehicle from going into repossession or charge off, but only if I can get the vehicle and the other party cannot take it back. As this has happened once already (I took the vehicle when it was 1 month past due, but the other party found it the next day, took it and and hid it since). However, I now know where the vehicle is!
If I take possession of the vehicle, bring the account back in good standing, can I get a court to order the vehcile stay in my possession or order the co-owner be removed from the title (we have an AND/OR title)?
If so, what steps do I take to get this done?
I do not have the funds to pay an atttorney and only have 14 days until the bank charges it off as bad debt.
Please help.
P.S. I already spoke to the bank and the only way to get the title in my name only is to refinance (which required the other party's signature) or have the other party do a title transfer, which requires other party's signature as well, both of which she will not do.