| Author | Message | ||
     Froggy |
Not mine, but someone from the same zip code as me. Kinda freaky not being the only Buell owner in a town the size of a postage stamp. I don't the owner and haven't seen the bike, but if someone needs someone to check it out or help in another way, let me know. In the pictures at least, it appears to be in good shape, all stock, some light rust. No title though.
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| Bartimus |
Interesting, looks like quite a deal, if you are able to get it titled... | ||
| Williamscottrobertson |
Most states have a bonded title provision. Usually an amount twice the State DOR “book value”. A bond like this could be had for under $6k for $100. Then there’s usually some extra forms and legwork at the DMV. Be sure the vehicle isn’t stolen. Have a police officer run a VIN check. If someone makes a claim on your bonded title within 5 years of the bond issue then the binding company will pay out and subrogate YOU. If you sell it with a bonded title, and there is a claim, the bond is still on you. After the period, the bond is removed and you have a clear title issued. | ||
| Joe7bros |
So the bank was the lienholder, and the bank, in some storage location, had the title; why would they not release the lien and turn over title when the bike was sold? It doesn't make sense to me | ||
| Court |
Negative ...there are Lien theory states and Title theory states. New York is a Lien theory . . . bank does not "hold" (physically) the title. |
