Ebay

External Since: Oct 05, 2004 Posts: 495

On Wed, 20 Feb 2008 16:07:26 -0600, "Dan, danl" <danl1X RemoveThis @mchsi.com>
wrote:

>I guess I need to clarify. I am not going to buy that
>bike...Overpriced.
>
>I had just never heard of a bank keeping a title. Holding a lien
>which is marked on the title, is what I know.
>Clearing the title with a letter from the bank I take to the DMV. That
>is the way I've done it for the last 45 years or so of buying vehicles
>in WI. That is what seemed strange to me.
>
>So thanks and have another. Shirley, make mine a very hot coffee with
>some cheap whiskey mixed in. Thank dear.
>
>On Wed, 20 Feb 2008 14:37:59 -0600, "Dan, danl" <danl1X RemoveThis @mchsi.com>
>wrote:
>
>>This seems a little strange to me. Have a drink and read on.
>>
>>I was checking for several things on ebay and when I was done I
>>entered 2000 FXDS. One came up and I read through the ad. This was
>>part of the description.
>>
>>"Title is clear, however not in hand. Once payment is received and
>>clears through the credit union, title will be sent from credit union
>>to buyer."
>>
>>Never ran across that before. I have had banks and credit unions send
>>me letters clearing liens off titles that I already had because it was
>>signed over when I purchased the vehicle. Even went to the bank a
>>couple of times with the previous owner to hand the check to them so
>>they would give me the letter clearing the title. Never had anyone
>>claim they didn't have the title to their own vehicle though.
>>Didn't have the vin # listed either. MMmmnnn
>>
>>danl

When I still had a vehicle that was financed. the bank held the title.
When I paid the loans off, among the paperwork they handed me was the
title, with the banks info in the box marked "leinholder". Took the
signed-off title to the revenue office, and they issued a new one
without a leinholder.
Just the way they do it in Arkansas. The thing that was hard for me
to get used to was that the previous ower keeps the plate.
If you trade at a dealer, they pull your plate off the old car and put
it on the new one. You've got like 10 days to go to the revenue
office and either switch the vehicle on the plate or get a new plate.
--
Old Crow "Yol Bolson!"
'82 FLTC-P "Miss Pearl"
'95 YJ Rio Grande
BS#133, SENS, TOMKAT, MAMBM

--
Posted via a free Usenet account from http://www.teranews.com

External Since: Jan 03, 2008 Posts: 59

On Thu, 21 Feb 2008 04:30:29 -0600, Old Crow <walliscrow.RemoveThis@yahoo.com>
wrote:

>On Wed, 20 Feb 2008 16:07:26 -0600, "Dan, danl" <danl1X.RemoveThis@mchsi.com>
>wrote:
>
>>I guess I need to clarify. I am not going to buy that
>>bike...Overpriced.
>>
>>I had just never heard of a bank keeping a title. Holding a lien
>>which is marked on the title, is what I know.
>>Clearing the title with a letter from the bank I take to the DMV. That
>>is the way I've done it for the last 45 years or so of buying vehicles
>>in WI. That is what seemed strange to me.
>>
>>So thanks and have another. Shirley, make mine a very hot coffee with
>>some cheap whiskey mixed in. Thank dear.
>>
>>On Wed, 20 Feb 2008 14:37:59 -0600, "Dan, danl" <danl1X.RemoveThis@mchsi.com>
>>wrote:
>>
>>>This seems a little strange to me. Have a drink and read on.
>>>
>>>I was checking for several things on ebay and when I was done I
>>>entered 2000 FXDS. One came up and I read through the ad. This was
>>>part of the description.
>>>
>>>"Title is clear, however not in hand. Once payment is received and
>>>clears through the credit union, title will be sent from credit union
>>>to buyer."
>>>
>>>Never ran across that before. I have had banks and credit unions send
>>>me letters clearing liens off titles that I already had because it was
>>>signed over when I purchased the vehicle. Even went to the bank a
>>>couple of times with the previous owner to hand the check to them so
>>>they would give me the letter clearing the title. Never had anyone
>>>claim they didn't have the title to their own vehicle though.
>>>Didn't have the vin # listed either. MMmmnnn
>>>
>>>danl
>
>When I still had a vehicle that was financed. the bank held the title.
>When I paid the loans off, among the paperwork they handed me was the
>title, with the banks info in the box marked "leinholder". Took the
>signed-off title to the revenue office, and they issued a new one
>without a leinholder.
>Just the way they do it in Arkansas. The thing that was hard for me
>to get used to was that the previous ower keeps the plate.
>If you trade at a dealer, they pull your plate off the old car and put
>it on the new one. You've got like 10 days to go to the revenue
>office and either switch the vehicle on the plate or get a new plate.
>--
>Old Crow "Yol Bolson!"
>'82 FLTC-P "Miss Pearl"
>'95 YJ Rio Grande
>BS#133, SENS, TOMKAT, MAMBM
>

In WI the owner keeps the title and it has a lien holder stamped on
it. Unless you have the letter from the bank releasing the title, you
can't change the registration, get plates or a new title if you are
the new owner.

Plates in WI always stay with the person that registered and received
the plates.

Had 2 friends have problems because they did not remove plates when
they sold or junked the vehicles. One bud junked an old Buick used as
a winter car and left the plates on it. They were expired. Those
plates ended up attached to a late model Olds with current year
stickers on them. The guy that had them racked up a tremendous
quantity of parking tickets in another city in a couple of weeks. My
bud went to court 3 times to clear his record. They never did catch
the guy that did it.

Another friend forgot to take off the plates when he sold it to a
"lady" his wife worked with. Two days later the lady didn't come to
work anymore and that night he was surprised by FBI agents at both
doors during dinner. It seems the lady and two of her friends robbed
3 banks and used his car for get aways! His wife was a hair dresser
and had pink/fucia hair at the time and so did the lady. Lucky for
her the lady and her two friends were black!

danl