THIs can not be true

[Pandora]

unless the re-registering paperwork of the gun has taken place so it can be resold by the pawnshop, the OP still owns that gun.

As far as the $1k issue - most pawn shops will loan over and above the value of an item, for additional fees and conditions, he needs to look at his paperwork. If he borrowed $1K against it, it doesnt mean the gun is worth $1K - it just means the pawn shop loaned him that much, - example: say the value of the gun is $300 -, OP needed $1K for something - so pawn shop agreed and they gave him another $700. In order for him to get the gun out, he must pay back the $1K plus any fees. If he doesnt pay it back, the pawn shop gets the gun and he will still owe them if they allowed him to borrow over and above its value. I only know this because our best friends own 2 pawn shops - so I see it all the time. Of course, as with anything - your mileage may vary

Unless that Muzzleloader is a rare and limited edition gun with a limited edition or super rare scope attached - $1k is really high. OP claims the gun's value from the pawn shop was 1/4 of its original value, so if they are valuing that gun at 1/4 of its value, its original price would have to been in the thousands. Just not possible for a muzzle loader - unless its from the 1700's and in very rare form and museum quality.

The "possession is 9/10's" rule doesnt apply I dont believe - the pawn shop must take ownership by re-registering in their name so they can legally sell the gun.

[tobee43]

unless the re-registering paperwork of the gun has taken place so it can be resold by the pawnshop, the OP still owns that gun

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what happens if the pawn shop still retains the guns at the time of filing...would the trustee be allowed to go get them? i think this is rather interesting...i have never seen or heard of someone listing something that's been pawned....but your point is well taken and most likely applicable. (depending on the state which the OP has not mentioned).

[Pandora]

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what happens if the pawn shop still retains the guns at the time of filing...would the trustee be allowed to go get them? i think this is rather interesting...i have never seen or heard of someone listing something that's been pawned....but your point is well taken and most likely applicable. (depending on the state which the OP has not mentioned).

if the pawn shop hasnt taken legal ownership, its the OP's to claim.

Trustee's arent interested in guns unless they are rare and worth alot of $.

best thing would be to talk to his attorney

[tobee43]

if the pawn shop hasnt taken legal ownership, its the OP's to claim.

Trustee's arent interested in guns unless they are rare and worth alot of $.

best thing would be to talk to his attorney

yes, i was just wondering if the OP doesn't have the funds to retreive the guns from the shop.

your right...i would and not take a change...at all. it's so not worth it. truth is the best way...you don't have to remember the truth like one does when they lie about something. best to lay it all on the table and deal with what's serve.


p.s. thanks for the nice chat...

[Pandora]

yep - honesty is the best policy.

If OP doesnt have the funds to claim the gun - then ownership reverts to the pawnshop, yes - however technically its not theirs until they have it re-registered in their names. Does that make more sense?

At any rate, most pawn shops will allow you a 30 day extention, (again at a fee, and ymmv with your pawn shop) - to reclaim your item. However every time you extend it, the cost goes up. Paperwork that was signed when it was hocked should spell it all out in detail - and it should have a special section on it for firearms and how those are handled.

PS. anytime

[tobee43]

thankfully, i have never dealt with a pawn shop. i hope the OP clears this up for their own sake.

sounds like such a chore...one not needed at this time of stress.

thanks for the info...i hope i never have to use it!!