Wrongful Property Seizure Guidance
Summary
If your unsecured loan led to wrongful property seizure, review your loan agreement to confirm its terms. If no collateral was mentioned, the seizure might be wrongful. Consider consulting a lawyer to discuss recovering your motorcycle or seeking compensation.Full Conversation
it was an unsecured loan with no collateral. I defaulted on the loans and they took a $*,* motorcycle on mine for a $* payoff that I had already paid $* on in good faith.
It sounds like you might be dealing with a wrongful seizure of property. Here are a few general points to consider:
- If the loan was unsecured, there should be no collateral mentioned in the contract.
- You might want to review your loan agreement to confirm it was indeed unsecured and check for any clauses related to default.
- Consider contacting a lawyer to discuss the possibility of recovering your motorcycle or compensation.
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