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A friend owns a snowmobile for which he has not made any payments in six or seven years. The bank has tried to reach him but I guess they don’t know his current address and have never repossessed the snowmobile. Friend has talked about selling snowmobile to someone he knows because he is out of work and really in need of cash to pay his bills. Is this illegal? What happens if snowmobile is sold and new owner cannot title/register it and a red flag is raised. Thanks for your help.
Asked on June 3, 2009 under Criminal Law, Michigan
B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
This is a tricky question. But I wouldn't buy that snowmobile, knowing or believing what you've said in your question. I can't rule out the possibility that the bank might track down the snowmobile and attempt to repossess it. I'm not a Michigan lawyer, and I'm not at all sure of how the statute of limitations affects this case, after all these years.
Somebody is probably going to need a lawyer at some point, if the bank decides to pursue this. One place to find an attorney is our website, http://attorneypages.com
And if you can stay out of this situation, that would be a very smart move.