In Arizona, before 5 years ago, if you took a title loan on a vehicle, the title loan folks would file a lien with the state, and you kept the title in your name. Then 5 years ago, the law was changed and if you take a title loan, the loan company takes title to the vehicle as a superior interest. To get the title back in your name, you have to pay off the loan, in full, and get a lien release document from the title loan company, then re-title the car back in your name as owner, free and clear of lien.
I'm betting your state has that same pattern in place. The title loan sharks were getting burned badly and bought themselves legislators, and a law. Many of them operate in several states, so a clone would likely happen. On Thu, Oct 29, 2020 at 1:58 PM Floyd Thursby via Mercedes < mercedes@okiebenz.com> wrote: > I never got the paper title from him so that was why I went through the > gyrations with VT. It appears that VTDMV don't care, or never checked, > or whatever. The TM guy indicated that they might go through some > process and just walk away from it after trying to ping the PO for the > balance, but I guess they did not do that yet. I sent him all the info > I had on the guy, which was probably no more than they had. I presume > they have better methods of skip tracing than I would, could try to find > the guy wherever he moved to (PA he told me). > > I did look him up in the local courts records and found an old case or > two from years ago, one looked to be some sort of car crash or > something, the other it was hard to tell what it was, maybe some sort of > family matter. Nothing recent to indicate why he took off, he did > mention some legal matters. > > --FT > > On 10/29/20 4:30 PM, Mitch Haley via Mercedes wrote: > > On 2020-10-29 16:26, Kaleb Striplin via Mercedes wrote: > >> We were all real curious of the VT thing would bypass it. Guess not if > >> registering it in the same state with the lien. If it was a different > >> state I bet it would have been fine. > > > > Two problems: > > 1) the VIN was already in the state's system under somebody else's name. > > 2) the lien was actually registered with the state, not just written > > on the face of the paper title. (probably did that to prevent the > > borrower from wiping it out with a lost title replacement copy) > > > > _______________________________________ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > -- > --FT > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
