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If you loaned someone money in 2000 with his automobile as collateral but now cannot locate him what can you do to find him?


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2015-07-16 19:24:44
2015-07-16 19:24:44

You have options. You can hire someone to find and repo the car. You can do it yourself. Not enough facts to give a very dtailed answer. Email me if you wish.

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Yes. A license cannot be 'loaned' to someone else.

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You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.

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A secured loan is made secure by collateral. This means that you need to offer something of value such as a house or car to qualify for the money loaned to you. If you fail to repay the loan as agreed, the collateral will be taken by the loan provider as payment instead.

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If that loan company loaned you money and you used the car as collateral and failed to make payments on time, they can, and will repossess the car.


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