i need a littlehelp, im stuck.
#1
i need a littlehelp, im stuck.
i got a guy wanting to trade, but he still owes on the truck. he said its gonna be the end of this year untill he finishes payments, but we wanna trade sooner than that. he doesent have the title cause he hasnt finished paying the truck off. and i dont want to give him mine untill i have his. but then again i dont want to be driving the truck and then him decide oh well i legally still own the truck i want it back, is there anything i can let notarized or something saying im the legal owner untill her finishes it off and gets the title in my name?
#7
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#8
#9
alright heres the new plan, im gonna get the title transfered to my name like im gonna take over the payments, and then im gonna have him sign a contract and get it notarized and all that good stuff sayin that he will pay X amount every month untill the balance of X (i think its like 2000?) is paid. does that sound better? cause i cant get the truck registered in my name w/o the title. i also cant get insurance w/o the title.
#10
Join Date: Jul 2007
Location: South Georgia/East Florida
Posts: 24,686
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I still wouldn't do it if it was me. Having a contract and even winning in court is still not collecting on any losses you may incur if he decides to just stop paying. Winning a court case is one thing, collecting on the debt is another. Just be prepared to start making that payment of X every month until the balance of X is paid if you go through with this deal, cause it could happen...