What is the name of your state (only U.S. law)? Alabama
I loaned a friend money. We agreed to terms which I wrote out and we both signed. It stated that my friend was to repay me in full by certain date. If full payment wasn't made by deadline, then friend had to sell me her lien free vehicle for $1 in lieu of repayment. And I was given the vehicle title to hold. I felt safe.
I wasn't repaid in full. Only about 12%. Filed complaint stating debt was to be paid in full or I would be able to purchase vehicle for $1. Judgment was in my favor for remaining balance. She had an attorney, admitted she could not pay, and said they would appeal to drag it out about a year. I asked about the vehicle to Judge. He said he could not advice, but apparently I did something wrong because it did not even seem to come into play.
It has now been over a year since I loaned her the money. I am ready to end this. Knowing she can't pay, can and how do I go after vehicle?
Any and all info is appreciated. I know nothing about this. Thanks in advance!
I loaned a friend money. We agreed to terms which I wrote out and we both signed. It stated that my friend was to repay me in full by certain date. If full payment wasn't made by deadline, then friend had to sell me her lien free vehicle for $1 in lieu of repayment. And I was given the vehicle title to hold. I felt safe.
I wasn't repaid in full. Only about 12%. Filed complaint stating debt was to be paid in full or I would be able to purchase vehicle for $1. Judgment was in my favor for remaining balance. She had an attorney, admitted she could not pay, and said they would appeal to drag it out about a year. I asked about the vehicle to Judge. He said he could not advice, but apparently I did something wrong because it did not even seem to come into play.
It has now been over a year since I loaned her the money. I am ready to end this. Knowing she can't pay, can and how do I go after vehicle?
Any and all info is appreciated. I know nothing about this. Thanks in advance!