ImpreziveWRX Posted October 30, 2007 Share Posted October 30, 2007 Anyone work for law firm, attorney, or u r a lawyer! Pls help Or if you had experience file a lawsuit through Civil Court too! This is my situation: 1. Been too nice to a friend and helped him co-signed a loan for his bike. 2. Friend took the bike paid 5 month payment and disappeared. 3. While the friend disappeared, I paid 3 month payment to save my own credit. 4. Finally found the so called friend and he promised to pay. 5. So called friend is not a friend anymore because he never pay. 6. This not friend anymore friend disappeared again I am suing for the payments I paid, and the amount of the loan payoff, and the time, trouble, sleepless night I have to go through. Anyone knows how to deal with this, please help. I would like to hear from people who familiar with this, do this for living, or at least study in law. Please don’t tell me I am screwed. Thank you! Link to comment Share on other sites More sharing options...
LegGTLT Posted October 30, 2007 Share Posted October 30, 2007 Wow... ummm... you need to just start calling lawyers. Please PM joeleodee For All Site Questions. He is the acting Admin and can resolve anything related to LegacyGT.com Link to comment Share on other sites More sharing options...
Hanger Posted October 30, 2007 Share Posted October 30, 2007 I'm sure we have some lawyers or anyone in the Law related people here Bump for Tim! ○ ○ ○ Instagram: itshangertime :spin: ○ ○ ○ Link to comment Share on other sites More sharing options...
RaGe Posted October 30, 2007 Share Posted October 30, 2007 for a small fee i will hunt him down and beat the piss out of him and get his belongings that we can sell on E-Bay. 20%down on time of departure and the 80% due at time of deliverance of his beaten body. OTM. Sorry I didn't mean to start a war which mainly forum people is all about . Link to comment Share on other sites More sharing options...
ImpreziveWRX Posted October 30, 2007 Author Share Posted October 30, 2007 for a small fee i will hunt him down and beat the piss out of him and get his belongings that we can sell on E-Bay. 20%down on time of departure and the 80% due at time of deliverance of his beaten body. That look like a plan Link to comment Share on other sites More sharing options...
bosco Posted October 30, 2007 Share Posted October 30, 2007 you co-signed, if he doesn't pay you pay. by you co-signing you are promising to pay off this loan, simple concept. btw if the title is in his name only then you lose again. also the lawyer costs will more than likely be more than the loan itself. not to be mean but how old are you? didn't the lender explain this to you? bosco Stay Stock Stay Happy Link to comment Share on other sites More sharing options...
bosco Posted October 30, 2007 Share Posted October 30, 2007 See... when yu co-sign a loan, don't you assume equal responsibility for it? no kidding bosco Stay Stock Stay Happy Link to comment Share on other sites More sharing options...
SC GT Posted October 30, 2007 Share Posted October 30, 2007 What do you need to know? You have to sue him for breach of contract and indemnification. If the amount you will wind up paying is $5000 or less, sue him yourself in small claims court. If more, you are best off hiring an attorney, although it might be tough finding an attorney if this guy is broke, jobless and owns no property. But even if you get a judgment, good luck collecting it. You've got to figure out a way to legally repo the bike from him. That I can't help you with. Good luck. Link to comment Share on other sites More sharing options...
Rommel Posted October 30, 2007 Share Posted October 30, 2007 There is nothing you can do. As what the other members have posted you co-signed you share the responsibility. The best thing to do is get a hold of the bike and take it. If your name is in the loan the title should also be under your name so you share ownership of the bike. Take the bike and sell it. Just make sure that you have copies of all the payments (canceled checks) that you made. If it is a cruiser type of bike I may have a buyer for it. Link to comment Share on other sites More sharing options...
bosco Posted October 30, 2007 Share Posted October 30, 2007 btw who are you suing? some jerk that can't make the payment to begin with? good luck. Rommel's advice is probably your best bet. bosco Stay Stock Stay Happy Link to comment Share on other sites More sharing options...
meier motor sports Posted October 30, 2007 Share Posted October 30, 2007 See... when yu co-sign a loan, don't you assume equal responsibility for it? co-signer assumes full responsibility. since the bank wont give the first guy a loan the second guy is essentialy giving the first guy the loan for whatever it may be Link to comment Share on other sites More sharing options...
Underdog Posted October 30, 2007 Share Posted October 30, 2007 Wow, where were you when I got my car? My dad didnt even feel comfortable cosigning... 10.75% FTL, '06 GRP GT FTW! The Crimson Dynamo Link to comment Share on other sites More sharing options...
ImpreziveWRX Posted October 30, 2007 Author Share Posted October 30, 2007 I totally understand my responsibility. That is why I am making the payments to save my own credit. The guy is a good friend + co-worker which I see him every day. Suddenly he got a new job and then disappeared. My name is on the bike. I got e-mails that he promised to pay, I got e-mails that he said he will bring the bike over and I can sell it. Problem is I cannot find him anymore. I dont think he is that stupid to play this game since I know exactly where he live. I know the businese his family owns. But since he is gone and it pass the date he promised to pay I am going to do something about it. Link to comment Share on other sites More sharing options...
hifiandmtb Posted October 30, 2007 Share Posted October 30, 2007 Take it to Judge Judy? Link to comment Share on other sites More sharing options...
MiniStiGuy Posted October 30, 2007 Share Posted October 30, 2007 I intentionally went to subaru because Acura wouldn't take me for a TL and I didn't want a co-signer so I ended up in the LGT and have no Regrets at all. OEM HID's Rx330 Retro Link to comment Share on other sites More sharing options...
ImpreziveWRX Posted October 30, 2007 Author Share Posted October 30, 2007 Anyone interested a meet at his house? I know there is alot of Prodrive parts in his garage (If we can get the door open) And Perrin parts too Link to comment Share on other sites More sharing options...
MiniStiGuy Posted October 30, 2007 Share Posted October 30, 2007 Yeah go to Judge Judy... she'll eat his ass alive. OEM HID's Rx330 Retro Link to comment Share on other sites More sharing options...
MiniStiGuy Posted October 30, 2007 Share Posted October 30, 2007 Anyone interested a meet at his house? I know there is alot of Prodrive parts in his garage (If we can get the door open) And Perrin parts too I don't own a Chainsaw sorry..... you can't break into the garage either because it is breaking and entering asswell as robbery. OEM HID's Rx330 Retro Link to comment Share on other sites More sharing options...
ImpreziveWRX Posted October 30, 2007 Author Share Posted October 30, 2007 Yeah go to Judge Judy... she'll eat his ass alive. Alright, sign me up... And give me a LegacyGT.com T-Shirt to wear Link to comment Share on other sites More sharing options...
Hanger Posted October 30, 2007 Share Posted October 30, 2007 Anyone interested a meet at his house? I know there is alot of Prodrive parts in his garage (If we can get the door open) And Perrin parts too Bring some Nerf guns yo! He has loads of them ○ ○ ○ Instagram: itshangertime :spin: ○ ○ ○ Link to comment Share on other sites More sharing options...
ImpreziveWRX Posted October 30, 2007 Author Share Posted October 30, 2007 Yeah... we ahd fun at his house the other day.... Whats wrong with him... Link to comment Share on other sites More sharing options...
meier motor sports Posted October 30, 2007 Share Posted October 30, 2007 Anyone interested a meet at his house? I know there is alot of Prodrive parts in his garage (If we can get the door open) And Perrin parts too contact the family. see if they will help you out. bike might be at that house any ways. Link to comment Share on other sites More sharing options...
MiniStiGuy Posted October 30, 2007 Share Posted October 30, 2007 Tim check this site out. http://www.repo-laws.com/repossession-codes/california.htm OEM HID's Rx330 Retro Link to comment Share on other sites More sharing options...
MiniStiGuy Posted October 30, 2007 Share Posted October 30, 2007 Tim call one of these company's and talk to them about it..... http://www.quickrepo.com/repo-companies/California.php http://www.interstatesocal.com/ OEM HID's Rx330 Retro Link to comment Share on other sites More sharing options...
FletchLives Posted October 30, 2007 Share Posted October 30, 2007 I had to go after a former employer who refused to pay past earnings and ownership interest rights. I can tell you from experience that any good lawyer will likely cost you more $$ than you will save. Trust me, billable attorney hours add up REALLLLY fast!!! And a judge will not likely award you for lost sleep. By the way, you will have many more of these if you pursue the legal route. Our justice system really only works for the rich!. Sucks, but thats my experience. If you really know this guys family, pay them a visit. If they are stand up people maybe they will step to the plate and find a way to hold their son accountable. If not, pursue it in small claims court and attempt to recover what ever you can ( is this a "pedal" bike or a "moto" bike). Anyway, that's just my $.02 And don't worry, eventually Karma will come around and kick him in the nuts. Link to comment Share on other sites More sharing options...
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