Post by
Ridiculous Wobble »
https://forums.nicoclub.com/ridiculous-wobble-u190314.html
Wed Sep 21, 2011 2:41 pm
MORONS NEED NOT REPLY, TRYING TO HELP A FRIEND!
To keep things private for the partys in question, I will lable them: Persons A,B & C.
Legend:
Person A = Title holder/Car in possession/Logical owner.
Person B = Personal loaner/Financeer
Person C = Person who sold the car
My question involves vehicle registration or title in the state of: FL
Here is the story:
Person A wants to buy car.
Person B offers to pay for car and let person A repay by monthly payments. (did this twice before, no problems) No written agreement, just verbal.
Person A faxes handwritten contract to seller, person C. Contract states that seller, person C, will release car and title on completion of payment. Person B ( funds provider) is not mentioned in agreement as part of it.
Meanwhile, person B makes half payment. Next payment due two weeks later. (3,500/7,000)
Person C agrees.
Person B doesn't make payment on time. Having money problems. Two months pass, and person A is frequently recieving calls from Person C wanting his money.
Person B difficult to reach and is putting person A on the spot. Money issues.
Person B finally makes second payment, but not in full as agreed. (5,500/7,000 Paid at this point)
No more payments from Person B after that. There is still a balance due of 1500.00 on 7,000 car.
6 more months pass and Person A pays off remainder of balance himself, (7,000/7,000 Transaction Complete) and acquires car/title/bill of sale made out in Person A's name, Signed by Person C, No mention of Person B.
Person B is now demanding title, threatening Person A with police for theft. Is demanding Person A turn over title now, or pay full amount owed now. Threatened to come with police escorts to take 'his' car and title.
Remember, all verbal, except between A and C who had handwritten agreement. Person B only provided funds through bank transfers to person C.
Person A wants to make payments to Person B as originally agreed, but Person B want it all now, or the title, which has not been registered with the DMV But has been signed by Person A and Person C.
Is this a police matter? What rights does person A have to keep title and make payments to B? What rights to person B have since they put up most of the funding?
Any help is appreciated! I will try and answer questions on my friends behalf to the best of my ability/knowledge.