Ford Mustang Forum - View Single Post - Brand New 2015 Mustang GT - Bad Transmission and Paint at 244 miles!
View Single Post
post #8 of (permalink) Old 02-27-2015
5.0 Candy REDCS
GT Member
5.0L Member
S197 Member
5.0 Candy REDCS's Avatar
Joined: Oct 2010
Location: Toronto
Posts: 1,405
"In trust" indicates,in a court of law that the loan is in fact STILL being paid in a timely fashion... the lawyer is holding the flow till a judge orders the funds to be released, usually after a case is heard....this also creates additional pressures on the dealership "to resolve the matter" to the satisfaction of parties involved.
This move stops ANY legal action against the individual, by the lean holder ( bank)..... it's a known used practice up here kenv.... which is why he should meet with a lawyer for advice,law is complex, contractual law is even more confusing.
This practice may or may not be an option in the state he lives in, again why he should discuss the case with a lawyer.

2011 GTCS Candy Red;Premium leather interior package, Remote start, security package, upgraded speakers, 6MT 3:55. 35% tint all around, Borla "S" axle backs, & clear corners.
The rest is all FORD
5.0 Candy REDCS is offline  
For the best viewing experience please update your browser to Google Chrome