My question involves a consumer law issue in the State of: Vancouver Canada but just need some basic help and an idea of what I can do.
I purchased a car last week from a guy who had been the third owner of the vehicle. He had done a lien check and same with the previous owner. The car is a 02 acura rsx, and had rebuilt status so the price was right since it had many modifications so I went ahead and bought it. So last night the tow truck showed up and repoed it. Saying that the first owner of the car owed $14,000 still on the car and hadn't payed for 4 months, so the bank seized the car. But my question is since the 2nd owner did a lien check and showed nothing and then the 3rd owner did a lien and showed nothing since I don't know who would be willing to buy a car that had over a $14,000 lien on a car that was maybe worth that much all together. Another thing that I find is weird is since the car has been in repo for 4 months now why didn't they come after the last owner at all? it's been sitting right infront of his house just like it was mine.
Another thing is, Since this car is a rebuilt, wouldn't the insurance company paid off the original loan to the bank after they handed out the cheque? cause when my last car got stolen I still owed $16,000 on the car but they paid me out $19000 so the cheque was made out to the bank and the bank gave me the extra $3000 that was paid to me. so I don't know if anybody knows anything about that but I thought i'd give it a shot.
So basically my question is.. What now can I do.. We have the original owners name and the co-signer which is his brother which gives the car 2 seperate liens. As far as sueing goes what are my options now? who do I sue and how much can I sue them for? or is there any other way to get this car back?
your help would be appreciated.

