the person who has owned it from day one the finance company financed the excavator serial no ccc662 to me for 120,000 i paid finance for three months, went they went to repossess machine it was owned by drotlaw plant, they are now chasing me for the money, as they can not repossess the machine as they never owned it. the finance company believed they purchased this machine from another company who they paid 120,000 for it, should the finance company be persuing the person who committed the fraud
You arte going to give clear details please because the facts are muddled up.
finance company financed me a machine for 120,000 they believed they owned but they did not
they believe they purchased it from a company and it was their machine to finance.
the machine was owned by another company not by the finance company
Obviously, they cannot finance a machine that they do not own.
What exactly is the problem?
the finance company are taking me to court for the balance owing on the excavator, i took finance from the finance company on the said excavator believing they owned it. they did not own it has they financed the excavator previously to another company who could not afford the payments, i then took over the finance, not knowing that the previous people who obtained the money from the finance company for the machine did not own the machine.
neither the finance company or the company who originally benefited from the payment for the machine owned the machine they were all fraudaulent transactions
Ignoring title, did you pay the finance on the excavator or was it repossessed because you didn't pay.I need the full details please not just snippets.
Paid three months was then repossessed because i didnt pay, when they went to repossess machine from quarry where it was working it was then found it that it was owned by another company drotlaw plant so machine was not repossessed