Buying: Title and registration in prev. owner's name? - Page 4 - Chevelle Tech
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post #46 of 49 (permalink) Old May 17th, 17, 10:32 PM Thread Starter
 
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Re: Buying: Title and registration in prev. owner's name?

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Originally Posted by T_R View Post
Honestly, no disrespect intended, if you haven't grasped how flipping titles works by now you probably should not buy this car.
I already walked away from it.
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post #47 of 49 (permalink) Old May 18th, 17, 9:26 PM
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Re: Buying: Title and registration in prev. owner's name?

Well, now that we've gone "there"...here's a story. I had a co-worker that once bought a beater motorcycle. He showed the title and bill of sale to the boss, who had nothing to do with the deal but was knowledgeable and street smart guy and asked "do I have everything I need to transfer this?" The boss looked at it, said "the title isn't signed". Then, the boss grabbed the title and a pen, put a signature on it, handed it to the co-worker and said "now it's signed." No problems transferring and registering the bike. Made me realize how so many people have the same hand writing.
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post #48 of 49 (permalink) Old May 19th, 17, 11:00 PM
 
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Re: Buying: Title and registration in prev. owner's name?

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Originally Posted by zeke67 View Post
Well, now that we've gone "there"...here's a story. I had a co-worker that once bought a beater motorcycle. He showed the title and bill of sale to the boss, who had nothing to do with the deal but was knowledgeable and street smart guy and asked "do I have everything I need to transfer this?" The boss looked at it, said "the title isn't signed". Then, the boss grabbed the title and a pen, put a signature on it, handed it to the co-worker and said "now it's signed." No problems transferring and registering the bike. Made me realize how so many people have the same hand writing.


^True. Each state is different but unless it's a notary state you should just need a clear title with the seller's name and signature, proof of insurance and sometimes a bill of sale but that's usually for newer vehicles. They check for flags like duplicates, tickets and back taxes. Unless something is obviously wrong they don't care about anything but collecting money and getting you out the door. If another situation like this comes up you could bring the seller as a "friend" not part of the transaction.


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post #49 of 49 (permalink) Old May 19th, 17, 11:24 PM
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Re: Buying: Title and registration in prev. owner's name?

obviously the DMV can not verify signatures, but what they do look for is a) date the seller signed it, and b) any attempt to alter any info previously written on the title. Item a triggers penalties and item b suggest fraud... So, if someone only signs the back it can be a non issue when transferring, if they sign and date it and it goes past 30 days you will have a penalty at the least. So, it a flipper doesn't register the vehicle and it's months late of required registration be prepared to pay penalties, penalties that aren't yours... If you're ok with that, good luck...

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