I sold a friend a car about two years ago which was financed. I then last year bought a car from him and still owe him $1800.00. Last year, he was driving the car and overheated it. the repair was going to cost $4000. he did not have the money. So I said my credit to ruined anyway why don't we just let the car go back to the bank. Didn't here form him for a while. Then this april he said the garage he took it to would buy the car for $2500 and give him check in my name. The guy gave him the check and I sent the guy a bill of sale saying once the check was deposited in my account within 30 days I would send the title after I paid off the bank. we had not made payments on it for months, but the bank said we could pay it off instead of the $4300 owed for $2900. For months I tried to get the check from my friend. He kept putting it off. Now, this week he says he deposited the check, that his wife wrote a bunch of bad checks and the money is gone.
Any ideas how to clean this mess up. The bank is expecting the money, i still owe him $1800, the mechanic has been expecting the title, my friend now owes that guy $2500, I am sure he has put a mechanics lien on the car, I didn't authorize any repairs on it. If I find the car, I could tell the bank, but they will take it back and auction it off, and still there will be the mechanics deal.
Help!
[ Answer this question ] Want to answer more questions in the Work & School category? Maybe give some free advice about: Personal Finance? elw5039 answered Tuesday July 14 2009, 12:52 pm: My question is, if the check that garage gave your friend was in your name, then how did he deposit it? You would have had to sign the check over to him and if you didnt then he must have commited forgery which is illegal. So first step is check on that and if he did forge your name, take him to court. Secondly, if he took the check that was valued at $2500, how do you still owe him $1800? He should now owe you the $700 difference. Your story is a little confusing because there is so much going on. Find out about the check and email me if you need more help and Ill try my best. Good luck! [ elw5039's advice column | Ask elw5039 A Question ]
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