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

["Travis Goodwin" <tgoodwin@xxxxxxxxxxxx>]

So no title classifies as "Other." That "Other" title has quite a broad
definition.

-----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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