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car mortgaged but sold and buyer cannot be found

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porcupine0215


Arresto Menor
Hi po. Need po ng legal advise pls. May car loan po kami 2015. Nung june 2016 pina assume balance po namin. My notarized deed of sale naman po at nag issue ng pdc ang buyer. First 2 months ok po ang payment. Succeeding months na dedelay na. Nag kaka returned cheque na from the bank kasi not funded. Ngaun po etong july 2017 may nag punta sa bahay namin bank representative. Since dec2016 pa daw hindi nababayaran ang kotse at hahatakin na. Kung hindi daw maibalik sasampa ng kaso ang bank against samen. Eh di panic kami nh asawa ko. Hindi na ma contact number ng buyer. Pinuntahan ng asawa ko sa address nila wala na dun. Lumipat na. Nagtanong sa office ng buyer 2 months ago pa daw resigned. So ngayon hindi na po sila mahanap.

Pa advise.naman po ano po ba actions na pwede namin gawin against sa buyer and ano po kaya pwede namin maging options from the bank.

Pls pls po super need ng advise.

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xtianjames


Reclusion Perpetua
pwede kayo kasuhan ni bank ng carnapping since technically di nyo pwede ibenta yung kotse since hanggat naka mortgage to, si bank ang rightful owner ng kotse.

pwede nyo report sa pulis at check kung pwede kayo magfile ng carnapping though i'm not sure if this is possible.

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Jadis

avatar
Reclusion Perpetua
When you let somebody else assume your obligation with the bank, was the bank made aware?

For all intents and purposes, and it appears you did not inform the bank of this, or seek its consent, you are still the debtor.

You can try to have an alarm raised on the vehicle or locate the buyer.

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Patok


Reclusion Perpetua
dapat inayos nyo sa banko kung pina assume balance nyo.. hindi pwedeng hindi alam nang banko.. ikaw pa din ang hahabulin nang banko.

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