What to do if f I sold a car to a friend but placed a lien on it for my protection and now they’re 3 months behind?

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What to do if f I sold a car to a friend but placed a lien on it for my protection and now they’re 3 months behind?

How do I repo the vehicle? Can just go and pick the vehicle up? What are my legal options?

Asked on December 27, 2012 under Bankruptcy Law, Florida

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

The legal recourse that you may have for the lien that you have on the vehicle you have written about depends upon what the terms for the lien states. As such, you need to carefully read the lien to see what you can do. Ordinarily typical automotive liens allow for a delinquent borrower to lose the vehicle in a repossession. I suggest that you consult further with a consumer law attorney about your matter.


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