Carolyn: I realize this isn't a near-term solution for you, but we use the donated car program we started here to help in situations like yours.
For instance, we just gave one of our donated cars to a borrower whose engine had blown. The agreement is that she continue to pay her loan on the blown engine car. She owes nothing to us for the donated car. For enforceability, we also keep a lien on the donated car, and we have a written contract with her as to her obligations to continue to pay her loan, etc. For some general info on our donated car program, please go to http://www.fsc-hsv.org/fsc-caringcars.htm Otherwise, I would offer her a repair loan, if the car is pretty good otherwise, and you can get a firm quote for the repair. Best Regards, Dave Dougherty Ways to Work Family Services Center 600 St. Clair Ave. Bldg 3 Huntsville, AL 35801 (256) 551-1610 For information on Ways to Work, please visit: http://www.fsc-hsv.org/fsc-wtw.htm ----- Original Message ----- From: <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Wednesday, March 12, 2003 1:05 PM Subject: Re: [WTW] Blown engine > I have a borrwower that has only had her car about 4 months and the engine blew. The original purchase amount was only $2200. I found a engine mechanic that will replace the engine with a 6 month guarantee for about $1000 and we could give her a car repair loan. The car is sitting at a garage about 18 miles from here. I have spoken with the borrower several times regarding options. Without an engine the best she may get is around $500. > Have any of you been faced with this delema and how did you handle it. I don't seem to be getting much of a response from her because she has too many people giving her advice. Do I just repossess it and sell it to a junk yard? What a difficult situation. The good news is. The longer the program goes on the more I learn about cars! > Carolyn in Danbury >
