Need some help/advice with a legal problem.
05-11-2006, 12:07 AM
#11
Tribe Shaman
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well for one your going to need a lawyer.
contact your insurance company and ask if they can send you a copy of the paper work
that states they paid off your wrecked truck.
now if you have a full coverage policy with a ZERO deductible then your set.
if you have a deductible amount being that it is 500 or 1000 then the insurance company
is to cover 501 and up or 1001 and up, you are to pay the 500 or 1000 witch ever is stated on the policy.
on to the blazer.
if the title is still in the original owners name then the bank is not a lean holder on it.
as to the fact that the blazer would be used as collateral against the amount to be loaned to you for the purchase of the blazer.
to put it short the bank would not have the right to reposes the blazer if you stopped paying the loan, they are not named as the lean holder on the blazer.
but you are named as to be the person they loaned money too so you are responsible for the debt.
did you buy the blazer from a person or from a car lot or from a dealership, this is very important.
the bank would be responsible if you got from a car lot or dealership as the bank would be in contact with them to get all the paperwork done and in the right names.
because the bank is the one cutting a cashiers check in that business name.
if you bought from a person then you would be responsible in getting the signed title and turning over to the bank for them to be stated as a lean holder on your new ride.
contact your insurance company and ask if they can send you a copy of the paper work
that states they paid off your wrecked truck.
now if you have a full coverage policy with a ZERO deductible then your set.
if you have a deductible amount being that it is 500 or 1000 then the insurance company
is to cover 501 and up or 1001 and up, you are to pay the 500 or 1000 witch ever is stated on the policy.
on to the blazer.
if the title is still in the original owners name then the bank is not a lean holder on it.
as to the fact that the blazer would be used as collateral against the amount to be loaned to you for the purchase of the blazer.
to put it short the bank would not have the right to reposes the blazer if you stopped paying the loan, they are not named as the lean holder on the blazer.
but you are named as to be the person they loaned money too so you are responsible for the debt.
did you buy the blazer from a person or from a car lot or from a dealership, this is very important.
the bank would be responsible if you got from a car lot or dealership as the bank would be in contact with them to get all the paperwork done and in the right names.
because the bank is the one cutting a cashiers check in that business name.
if you bought from a person then you would be responsible in getting the signed title and turning over to the bank for them to be stated as a lean holder on your new ride.
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