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  1. #1

    Default Breach Of Sub-Finance Contract

    i signed over power of attorney of my car to this guy. He suppose to be part of a sub-financing company he works in. Yes I know I signed the paper thats bad. He's now legally owns car. The next day I wanted car back because reasons no time to explain..

    He told me he don't want to give it back. then he said I can buy him out the contract for 500$. then later he called me and said he was going to his lawyer about this. The next day his lwayer called me. said If I breach contract, I will have to get sued for how much is owed on car. Plus court cost. so I owe $8600 on car, I could end up getting sued for $20000. he said since I don't have money to be taken, my paychecks wud but deducted. I told him can't he just finance it back to me. he said ya but he, he don't want to.

    The car wasn't fully registered under my name yet. I only have the pink and yellow paper the ddealer gives u for ur car balance.

    Is there any other way. I really can't give up this car. I explained it to him. I have to answer him by monday.

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Breach Of Sub-Finance Contract

    We have no way of knowing what you signed or its legal effect, why you signed this document, or what you received in return. We also don't know what state you're in.

    I suggest taking the contract to a lawyer of your own on Monday, and having your lawyer figure out what remedies are available to you. This site may help.

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