Ebay

 This seems a little strange to me.  Have a drink and read on.

I was checking for several things on ebay and when I was done I
entered 2000 FXDS.  One came up and I read through the ad.  This was
part of the description.  

"Title is clear, however not in hand. Once payment is received and
clears through the credit union, title will be sent from credit union
to buyer."

Never ran across that before.  I have had banks and credit unions send
me letters clearing liens off titles that I already had because it was
signed over when I purchased the vehicle.  Even went to the bank a
couple of times with the previous owner to hand the check to them so
they would give me the letter clearing the title.  Never had anyone
claim they didn't have the title to their own vehicle though.
Didn't have the vin # listed either.  MMmmnnn

danl

 wrote:


When I still had a vehicle that was financed. the bank held the title.
When I paid the loans off, among the paperwork they handed me was the
title, with the banks info in the box marked "leinholder".  Took the
signed-off title to the revenue office, and they issued a new one
without a leinholder.
Just the way they do it in Arkansas.  The thing that was hard for me
to get used to was that the previous ower keeps the plate.  
If you trade at a dealer, they pull your plate off the old car and put
it on the new one.  You've got like 10 days to go to the revenue
office and either switch the vehicle on the plate or get a new plate.
--
Old Crow              "Yol Bolson!"            
'82 FLTC-P "Miss Pearl"
'95 YJ Rio Grande    
BS#133, SENS, TOMKAT, MAMBM                  
                            

--
Posted via a free Usenet account from http://www.teranews.com

 wrote:


In WI the owner keeps the title and it has a lien holder stamped on
it.  Unless you have the letter from the bank releasing the title, you
can't change the registration, get plates or a new title if you are
the new owner.

Plates in WI always stay with the person that registered and received
the plates.

Had 2 friends have problems because they did not remove plates when
they sold or junked the vehicles.  One bud junked an old Buick used as
a winter car and left the plates on it.  They were expired.  Those
plates ended up attached to a late model Olds with current year
stickers on them.  The guy that had them racked up a tremendous
quantity of parking tickets in another city in a couple of weeks.  My
bud went to court 3 times to clear his record.  They never did catch
the guy that did it.

Another friend forgot to take off the plates when he sold it to a
"lady" his wife worked with.  Two days later the lady didn't come to
work anymore and that night he was surprised by FBI agents at both
doors during dinner.  It seems the lady and two of her friends robbed
3 banks and used his car for get aways!  His wife was a hair dresser
and had pink/fucia hair at the time and so did the lady.  Lucky for
her the lady and her two friends were black!

danl

 wrote:


In Calif, where I used to live, the plate stays with the car when sold
and you're supposed to file a paper with the DMV.
Sold my wife's old Satellite and didn't file the paper.
A couple of months later the wetbacks that bought it got involved in a
hit an run acccident and the car was impounded.  They came and asked
if we could get it out for them, as we were still the registered
owners(hell, no we didn't).  
About a week after that we heard from an insurance company for some
other driver.  Apparently this other driver had backed into the
Satellite in a parking lot prior to the h&r.  The adjuster wanted to
look at the car to settle his insured's claim.  Told him which junk
yard the car was in and that we no longer owned it.  He stated we were
still the registered owners and a couple of weeks later(about 10 days
before Christmas)we got a check from the insurance co. for like $2500.
Worked out real well, as my wife had taken the money from the car and
bought her '72 Sporty.  The check from the insurance rebuilt the motor
on the bike.
--
Old Crow              "Yol Bolson!"            
'82 FLTC-P "Miss Pearl"
'95 YJ Rio Grande    
BS#133, SENS, TOMKAT, MAMBM                  
                            

--
Posted via a free Usenet account from http://www.teranews.com

 


Ah, well that explains the problem.  Do an archive search if you care on my
rants about Hacienda.



--
PROFILE LINK http://tinyurl.com/2rsp3v
VROC #21909
Current Rides (Yuma, Az)
2005 VN1600B2 Kawasaki Vulcan Mean Streak
2001 VLX600 Honda Shadow (for sale)
2003 FLTR Harley Road Glide (wife's bike)
1981 CM200T Honda Twin (project)