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

["timnagin" <timnagin@xxxxxxxxxxxxxx>]

It's not the same in every state.  The De Lorean I still have was purchased
in Georgia where they don't title cars beyond a certain age.  When I bought
the car, all I had was a bill-of-sale and some other paper.  I don't recall
what that other paper was, but it was something that looked very informal
and basically confirmed the VIN of the car.

Before I bought the car, I called the DMV where I live and confirmed this
was all that was needed.  They confirm the information on the paper with the
previous state and issue me a new title and license plate.

The West Virginia DMV had the lien holder's name on file but could not
disclose that to me.  That state also issues titles on older cars.

Greg



-----Original Message-----
From: DMCForum@xxxxxxxxxxxxxxx [mailto:DMCForum@xxxxxxxxxxxxxxx] On Behalf
Of therealdmcvegas
Sent: Wednesday, July 13, 2005 4:56 PM
To: DMCForum@xxxxxxxxxxxxxxx
Subject: [DMCForum] Re: eBay project car update... Deloghini...

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

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