by RodStRace Fri Jan 07, 2011 3:47 pm
Darn, I guess this even comes up here where the stuff isn't real old and valuable...
First, carefully impress on the seller that you purchased the vehicle with the understanding that you would get a title. Try to get them to provide a title for the vehicle, in their name and from the state they reside. This will be the best for you. If they blow you off, you have some legal recourse, but there is an old gypsy curse: May you have a lawsuit where you KNOW you are right....
Next, make sure you understand the basics of YOUR state's laws. What applies in one is NOt the same as another. Search for your local Motor Vehicle Department or whatever it's called where you are. It will be boring, hard to read and there will be a lot of info spread out all over. It is in your best interest to understand what applies to you before you go in and ask questions.
Print out any forms you may need and read them carefully. It's better to understand the process and have all the paperwork on your first visit.
Now to your question, any state that issues titles (some still do not) are well aware of these "title co.s" and how they operate. The states are cracking down on these types of operations and even making legit state-to-state transfers much more difficult. I would not suggest going down this path unless the vehicle is very valuable and rare (vans are not yet), it has a history back to new that shows it is not stolen or salvaged (and then why is the title lost?) or the state you live in offers NO other way to get a legitimate title. They are bad news now and some states are going back through the older records and catching the ones already on the books. All states are feeling the budget pinch and this is an easy way for them to grab more money.