My question involves an auto loan or repossession in the State of: NC
A car was sold to me through Craigslist, a car that is out for repossession. When the sellers supposed bank found out, they advised me to press charges against the seller. Me being ignorant during the sell ( not drawing up a bill of sale) paid for the car in cash. I know it was a stupid move, but I'd like to know what legal options are available to me. The seller posted the ad under the pretense of the vehicle being theirs and the title was lost. The seller instructed me to go to the DMV with a title form that was filled out with my part remaining, but the DMV rep said it was filled out wrong. Long story short, the ladys or whoever ladys or persons financial company that the car was titled to originally spoke with and informed me the car was out for repo, and to press charges against the lady. They were somewhat even sympathetic of my issue that they were willing to sell the car to me for the amount I bought it for.
To my eye, now that I look at it, it seems the seller fabricated everything on the form, including the notarized stamp and signature of someone who must've reviewed and approved it. All I have is this form, with the vehicles info on it, her name, address, and someone who "approved it", and her phone number which may be a prepaid phone. I may be wrong though.
It was a 1996 Ford Explorer XLT, and I paid 900 bucks for it.
So, I reiterate, what are my options? pressing charges? and how effective would that be? What to expect?
All in all, I've learned my lesson here.