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Old 07-05-2004, 01:34 AM
trescina
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Default Rights on collecting on a personal loan

My husband and I own a Truck Driving School. We help finance students with tuition. In this particular case we had a father and son come with one another to the school. The fathers was paid in full by the state. His son had no money or any to put down on his tuition. So his father said that he would put his motor home up to back the loan for the school. We hold the title as the lein holder. The father is the main on the loan while the son co-signed the loan. They have refused to repay the loan. We want to know if we can go and repo the motor home and take them to court for the remaining owed us. We want to know what legal steps we should take. If you have any info that could help us out I would greatly appreciate it. Thank you.
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Old 07-05-2004, 10:38 PM
imported_cadmin
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It may be wise to have your specific factual situation analyzed by an attorney in your jurisdiction. And you should have this done IMMEDIATELY so that you don't lose important rights. Many lawyers offer a free or low-cost initial consultation just for the purpose of determining whether they can help you. Don't be afraid to contact them. Our Lead Counsel Panels at http://www.lawinfo.com/law/ are a great way to find a lawyer in your area on the internet. Best of luck!
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