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  1. #1
    Join Date
    Mar 2011
    Posts
    1

    Default Cosigned for Car Loan with Son, How to Recover the Car

    My question involves collection proceedings in the State of: Texas.
    I cosigned for a car loan with my son (yes I know, stupid) and he has not been making payments on the loan. To prevent the loan from becoming delinquent, I have been making payments. To further complicate matters, he moved to Florida. He is still not making payments and now will not speak to me (of course, I'm the bad guy). If he would start making payments, I would not even ask for repayment of the back payments, but I fear he will not make another payment. What can I do to at least get the car back and try to recoup some of the money that is owed. I know I could win a judgement for money against him in court, but he still wouldn't pay. I don't want to take it to court, but I'm afraid it's the only option. What is the best course of action. The title is in both or our names.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Cosigned for Car Loan with Son, How to Recover the Car

    You would recover the car by locating it and taking it. It would be sensible for you to have a copy of the title, and to inform the police before taking it that you intend to do so (proving that you're co-owner). It will be helpful if you have a key.

    Depending on how the car is titled, you will generally need the co-owner's consent and signature to sell the car.

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