My ex-husband has let a third party take over a vehicle that is financed in both our names. This person has made the last 7 payments over 30 days late. The creditor sent a letter to catch up payments or they will take the car. As of 7-10-07 May 30th payment has not been paid. My ex lives in one state (CO) and the car is in another (NM) me in another (TX). I know the states but not the exact locations of either. If the creditor goes to repossess the car and can't find it what can they do? Also, is there anything I can do. I have sent an offer through a mutual friend that I would take the car and finish paying it. I havent' heard anything back. I feel I need to protect myself but don't know how.

