Can a Car Dealership Take Your Land?
Hello,
I'm writing on behalf of my father in law. He signed to purchase a used car from a local dealership for $8,100. After defaulting on payments the dealership repossessed the car and we've found out that my father in law signed over the title to his land worth $80,000.
My father in law is currently in a nursing home and we do not believe he was in the right state of mind when signing over the title to his land for a car. We live in South Carolina - is this a for of Elder Abuse? Can a dealership take your land (which appreciates) for a car (that depreciates - a used car at that)? Please HELP!!