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Hello everyone, A few years ago, I had a friend co sign a atv for me, well things went sour, I lost my job and instead of him taking up the payments like we verbally discussed, he allowed it to go delinquent. Anyways, I purchased the atv from the dealer for 7500, I don't remember how much of the loan I paid. So me and my ex friend starting having fights and bad arguments about this. So a third party got involved and had me drop the atv off to him to stop the fighting, and I will be released of all financial responsibilities, the third party signed a piece of paper stating it. Anyways, the guy that co signed for me lost his job about a year later for stealing, so I receive a judgment in the mail for 3500.00 for the remaining balance of the bike. What he had done was sold the bike to the third party who was involved without me know, for 3000, half of what the bike was worth, mind you this atv was brand new. So I call the third party, since things were still south with me and the friend, and he said the my ex friend was awarded the 3500 plus the courts ordered me to sign over the atv to him. So I went to the dealer to find out what is proof of owner ship was, as of I don't quote me on the dates, i believe April of 06 the proof of ownership is the transferable registration, they are no longer using title meanwhile the purchase was nov of 06 So with this I still have the registration, it should be still in my name, unless they forged my signature. Now the dealer said no judge can force me to sign this over to them, and the bike is still legally mine according to new york state. I feel it is unfair for me to get sued by him, when we could have sold it to someone and got most of our money back, I find it unfair he sold my atv, all the bank documents and atv documents are all in my name, the only thing my freinds name is on was the bank statements, we financed it with a credit card. I am looking for some advise on what I can and should do. Thank you
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