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#1
07-30-2003, 11:10 PM
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Place Stop on Transfer of Car Title
I borrowed money from someone and gave them my signed pink slip as collateral ... they took my title to the DMV and put it in their name about 3 weeks ago. A lady at the DMV said I can place a stop transfer on the title. Is this true? Anybody had to do that before?
I'm pissed 
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#2
07-31-2003, 11:51 AM
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Can't say I've done that before.
What are you pissed about. That he transfered the title? Did you pay them back the money? If not, work up a contract to have the car signed back over when you do. If you have paid them back, then you better call a lawyer ASAP and have them work out the legaleeze of the situation.
__________________
Resistance Is Futile (If < 1ohm)
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#3
07-31-2003, 01:13 PM
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When you signed it, you transferred title to them. You could have just let them put a Lien on it so the title remained in your name. Now, if you default, it is easier for them to take the car back -- because it's theirs!
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