Posted by 1031D on July 10, 2011 at 17:44:58 from (75.100.65.200):
I bought a tractor from a former farming "partner" about 10 years ago. I couldn't find him to pay him as he was MIA due to some personal problems, so when I seen him next I paid him for it. He stopped in tonight saying that I still owed him $1000 and I had a week to pay of he was going to repo it. The deal was $3000 for a 1968 CASE 1030 WITH a JD 16' field cultivator. When I picked up the tractor the cultivator was nowhere to be seen so I gave him $2000 for the tractor and all was good. When he demanded money tonight I demanded my cultivator which apparently got cut up for scrap. There was no deal written anywhere, just word of mouth at the dinner table one night. I paid him with a check but being that it was 6+ years ago and at a bank I no longer do business with is there anything he can do? I need the tractor on the farm so hiding it is out of the question, and I did warn him that if he broke into my locked barn to repo it the sheriff would be looking for him. He took out a loan on his house and defaulted so that is why he popped up looking for cash. He has nothing to repay me with, I rebuilt half the tractor, and he has nothing to sue for if it turns up missing so what do I do? I probably got around $4-5000 invested in it so it aint going anywhere! Problem is he works for a local farmer who is a known crook and that guy owes me around $1500 from about 8 years ago. If the tractor ever left my farm I highly doubt I'd ever see it again. BTW, when I bought the tractor it had a broken manifold, brakes, steering spindle, alternator, needed batteries, front tire and rim, ect. so I think $2000 was a fair price.
This post was edited by 1031D at 17:46:34 07/10/11.
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