[DMCForum] Re: eBay project car update... Deloghini...

["therealdmcvegas" <dmcvegas@xxxxxxx>]

Now your vehicle title laws may be different in each state. But let 
me explain how this would work in Nevada. Which is probably simular, 
if not the same as everywhere else.

Bill of sale doesn't mean a damn thing. All a bill of sale will say, 
is that you exchanged money with this guy for some property. But with 
a motor vehicle, a reciept doesn't denote ownership of said property. 
Only a valid title in the OWNERS'S name does.

A title is valid forever! A lien doesn't get released until said 
lienholder says it is, and signs the title. You die, your next of kin 
bring in a death certificate and proof of relation, and then they get 
a new title on a vehicle in their name. YOU sell the car, YOU fill 
out the new owner's information, and sign ownership over.

No title, no ownership, no deal. All a "Bill of Sale" would do, is 
enable you to *possibly* file law suit against him to get your money 
back.

This guy is as shady, as he is stupid. But if you want my 
reccomendation here: Find the lien holders, and offer them a cash 
settlement to buy their debts/interest in this car. Once you legally 
have the paperwork in order, submit it in to the state. Become the 
new owner, and reposses your new property!

-Robert



--- In DMCForum@xxxxxxxxxxxxxxx, "timnagin" <timnagin@xxxx> wrote:
> Robert,
> 
> That is almost exactly what I said to him.  My concern was someone 
coming to
> me and repossessing the car as stolen property, and that he may 
technically
> be selling stolen property.  He did state he has a bill-of-sale, 
though I am
> not sure how much that matters if he can't legally sell the car.
> 
> I also didn't want to let the car sit until January 2007 to 
POSSIBLY get a
> title.
> 
> Greg
> 
> 
> -----Original Message-----
> From: DMCForum@xxxxxxxxxxxxxxx [mailto:DMCForum@xxxxxxxxxxxxxxx] On 
Behalf
> Of therealdmcvegas
> Sent: Wednesday, July 13, 2005 11:43 AM
> To: DMCForum@xxxxxxxxxxxxxxx
> Subject: [DMCForum] Re: eBay project car update... Deloghini...
> 
> Your worries here would be well founded. A few months back, there 
was 
> a story that was reported on FARK about some guy un upstate New 
York 
> who bought an old muscle car back in the 70's (I can't remember if 
it 
> was a Mustang, or an Olds). The car was stolen in '82 or so. Fast 
> forward to 2005. While reading the papers, he saw a sales ad for a 
> car that was exactly like his, in the area where he used to live 
in. 
> He went to see the car, and discovered that the VIN matched, and it 
> was indeed his car. He went to the police with the old paperwork 
from 
> when he reported the car stolen, and had them reposses the stolen 
> property for him, and eventually the car was returned to him.
> 
> Now for the really sad part of this story. The guy who was selling 
> the car, bought it from the guy who had stolen in back in the 
1980's. 
> And since buying it, had done a COMPLETE restoration on it! So this 
> guy was out ALLOT of money. But since he bought stolen property, it 
> is his fault. But it was interesting to see the owner get his car 
> back in BETTER condition than when it was first stolen.
> 
> The current "owner" of this car who took it as collaterall is an 
> outright idiot for not having the title signed over to them. But 
> that's their fault. With this new information, I wouldn't touch 
this 
> car with a 10' cattle-prod. I'll commend the seller for being 
honest, 
> but who wants to get pinched for recieving stolen property if they 
> buy this car?
> 
> -Robert
> 
> 
> 
> --- In DMCForum@xxxxxxxxxxxxxxx, "timnagin" <timnagin@xxxx> wrote:
> > 
> > http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?
> ViewItem&rd=1&item=456079211
> > 1&category=31830
> > 
> > 
> > I was going to wait until tomorrow morning to send this but 
decided 
> to
> > tonight as the auction is ending soon.  I am a bit tired, so I 
hope 
> I get
> > all of the details correct.  Also, please keep in mind I am -not- 
> trying to
> > sabotage this auction but just passing along information.
> > 
> > I spent some time talking with the person in possession of this 
> car.  I say
> > possession because he does not have a title.  Also, the seller is 
> not the
> > owner but a friend.
> > 
> > This seems to be a long story so I will try and condense 
> everything.  The
> > possessor took the car in lieu of payment from someone that owned 
> him money.
> > I think this was from a rental property.   The renter also used 
the 
> title as
> > collateral for another loan and apparently defaulted on that as 
> well.  The
> > current possessor is just trying to recover some of his costs by 
> selling the
> > car.
> > 
> > He stated the title will be clear in January 2007, which doesn't 
> make sense
> > to me.  I was told the person holding the title may soon pass on 
> and then it
> > could be released earlier.  The West Virginia DMV told me there 
> were two
> > liens on the title, and the current possessor had no right to 
sell 
> the car
> > whatsoever.  In other words, he legally can not sell the car.  
> Apparently
> > the car can not be parted out legally, either.
> > 
> > I was also told the car has not ran in six years, but has been 
> stored inside
> > until recently.  The garage storing the car went out of business, 
> so it was
> > moved to where you see it now.  The car has apparently sat 
outside 
> for about
> > a year now, like it can be seen in the pictures.
> > 
> > I was planning to bid on this car but in light of this recent 
> information
> > have decided not to.  My worries would be someone trying to 
reclaim 
> the car,
> > and losing the money I paid.  Again, all disclaimers are in place 
> here and
> > this is just my opinion based on what I understood during the 
phone
> > conversations.
> > 
> > I hope this made sense. :)
> > 
> > Greg

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