Bank collecting on stolen car???

[SpencerSpeed23]

I bought a 2002 Chevrolet Camaro in November of 2007 and in May of 2008 I found out the car was stolen and the vin numbers had been switched. The dealership I purchased the vehicle from went out of business, and the police can't find the owner. The court awarded the vehicle to the insurance company and the bank is still holding the $8,500 left on the lein against me. I was wanting to know if the bank is correct in still holding me liable, or if there is some way I can get them to drop the loan.


-Ben

 

[seniorjudge]

You borrowed the money and that means you owe it.

However, if I were you, I'd certainly be talking to the bank to find out if some kind of deal can be worked out.