Can an insurance company total a vehicle after anyone sold at auction while clean owner holds clear title?
a motorcycle went up for auction..it was bought by someone..few months latter purchessed by me..i put it into my moniker and recieved a clear title this was march of 06..a week ago i recieve a memo from DOL stating that this vehicle is TOTALLED void title and re-register as rebuild..can this be?is this officially recognized?..
Answers:
yes it is even if bike be stolen and not wrecked it has to have clean vin tag and inspected by state it will have salvage title
It would be against the Auction house for selling you a bum bike. Only problem is, most auction house's receive you sign a waiver waiving them of any and all responibility. Depends on what you signed.
1) Yes it's officially recognized. 2) You have no recourse against either the prior owner or the auction house because you'd hold to PROVE that either or both of them knew that the insurance company totaled the bike, which they'd both deny. 3) Registering it as a recreate could be beneficial to you since you can get a new title, and claim a much minor value on the bike for property tax purposes. I don't know which state that you're surrounded by, but aside from being out a few extra bucks, the only entry you'll have to do is have the bike inspected. Title and registration are 2 different things. Title medium that you OWN it, and registration allows you to use it on public roads.
You must enjoy a lawyer to hamdle this
OR if you're in India.....
Wow, great question. You have to run after the seller.... the auction usually is removed from all these problems via waivers. You bought it and registered it as free and clear of any salvage title. Chances are whoever sold it at auction know about this and in reality, most likely got the settlement cheque for the write-off. Get yourself a Lawyer if you cannot return the bike... most States and Provinces enjoy a clause that allows you to return the vehicle for up to 30 days if it was misrepresented.
Don't mess with a DJ.
You need a lawyer for this. No, you bought a bike thinking it be good. It is not, you get your money wager on. They have to tell you that is to say has a salvage title.
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Answers:
yes it is even if bike be stolen and not wrecked it has to have clean vin tag and inspected by state it will have salvage title
It would be against the Auction house for selling you a bum bike. Only problem is, most auction house's receive you sign a waiver waiving them of any and all responibility. Depends on what you signed.
1) Yes it's officially recognized. 2) You have no recourse against either the prior owner or the auction house because you'd hold to PROVE that either or both of them knew that the insurance company totaled the bike, which they'd both deny. 3) Registering it as a recreate could be beneficial to you since you can get a new title, and claim a much minor value on the bike for property tax purposes. I don't know which state that you're surrounded by, but aside from being out a few extra bucks, the only entry you'll have to do is have the bike inspected. Title and registration are 2 different things. Title medium that you OWN it, and registration allows you to use it on public roads.
You must enjoy a lawyer to hamdle this
OR if you're in India.....
Wow, great question. You have to run after the seller.... the auction usually is removed from all these problems via waivers. You bought it and registered it as free and clear of any salvage title. Chances are whoever sold it at auction know about this and in reality, most likely got the settlement cheque for the write-off. Get yourself a Lawyer if you cannot return the bike... most States and Provinces enjoy a clause that allows you to return the vehicle for up to 30 days if it was misrepresented.
Don't mess with a DJ.
You need a lawyer for this. No, you bought a bike thinking it be good. It is not, you get your money wager on. They have to tell you that is to say has a salvage title.
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