Q: What can be done?
Did a title loan with a friend and they ended up stealing my car.
I did a title loan with a friend of mine of 20 years. I borrowed 2900 with the promise of paying back $3,900 within 21 days. My car is worth $40,000.00. We wrote up a agreement and had a witness sign it on day 20 he showed up with the cops and my car title in his name. After multiple ignored phone calls I finally get in touch with them after they took my car home that day and they told me that if I wanted it back I had to pay back $7,000 but now they will not answer the phone what can I do?
A:
In your situation, it's crucial to gather all documentation related to the title loan, including the agreement you mentioned and any records of communication between you and your friend. The terms of the agreement and the witness's testimony could be pivotal in resolving this issue.
Since your friend has altered the terms of your agreement and is now unresponsive, it would be advisable to seek legal assistance promptly. An attorney can review your agreement and advise on the best course of action, which might include negotiating with your friend or pursuing legal action to reclaim your property.
It's also important to understand how the title of your car was transferred without your consent, as this could involve legal complexities related to title transfer and property rights. An attorney can help clarify these aspects and guide you in taking steps to protect your rights and interests in this situation. Remember, acting quickly is important in cases like this, where property and substantial sums of money are involved.
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