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Sold Jeep... Kid lost the title. How to proceed?

Johann said:
Bought XJ new in 93. Financed for 4 years with VA bank. Moved to NC in 95. Got NC license and plates shortly after. Bank in VA sent title when it was paid off and I put in in my file cabinet. NC never made me change it to an NC title.
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Umm...
Am I the only one reading this as the bank released the lien and sent you a title, but you never got it put only in your name? So did it still have the banks name on it ( released lien) when you sold it to the kid? If so that may complicate things a bit. VA may only send a replacement to that bank to get it signed off by them first. Better hope that bank is still around and has records going back that far.
Not trying to ruin your day but that's what I'm reading from here. And if I'm wrong someone will tell me shortly.
 
PAE said:
They get real pissy here if you buy a "Vehicle" and not put it into your name and then sell it.

They call that curb stoning and according to Google thats a felony (LOL) in most if not all states.
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Got to pay tax 3x on the same vehicle across its life like a good citizen
 
IUsedtoBendCars said:
Umm...
Am I the only one reading this as the bank released the lien and sent you a title, but you never got it put only in your name? So did it still have the banks name on it ( released lien) when you sold it to the kid? If so that may complicate things a bit. VA may only send a replacement to that bank to get it signed off by them first. Better hope that bank is still around and has records going back that far.
Not trying to ruin your day but that's what I'm reading from here. And if I'm wrong someone will tell me shortly.
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Honestly dont remember what it had on it at this point. Sold it in March and he contacted me recently about the lost title.

I checked but looks like I did not snap a pic of the title before I sold it.

IIRC it was First VA Bank where I had an account but I'll need to confirm that. Provided I still have any info going that far back.

At this point it might be easier to do a bill of sale locally and see if NC will do something without the title in hand
 
IUsedtoBendCars said:
Umm...
Am I the only one reading this as the bank released the lien and sent you a title, but you never got it put only in your name? So did it still have the banks name on it ( released lien) when you sold it to the kid? If so that may complicate things a bit. VA may only send a replacement to that bank to get it signed off by them first. Better hope that bank is still around and has records going back that far.
Not trying to ruin your day but that's what I'm reading from here. And if I'm wrong someone will tell me shortly.
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If anything like KS for the last 20 or so years, the lending company holds the title instead of you having a copy with a lien stamped on it. When paid off, they mail you a completed title free of encumbrances in your name.
 
BigBurt said:
Got to pay tax 3x on the same vehicle across its life like a good citizen
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I bet it varies state by state, but "curb siding" or whatever its called normally is triggered when you you do more than 5 a year or something. That said I float titles all the time, and never have my name in the paper trail, so it would be a motivated revenuer that would get me:laughing:. Hell the one a couple weeks ago was a salvage from one buddy, I rebuilt, sold to another buddy, had a hipo high school friend come inspect it in the original owners name even though he was never there, and floated it on. :laughing:
 
Blacksheep10 said:
If anything like KS for the last 20 or so years, the lending company holds the title instead of you having a copy with a lien stamped on it. When paid off, they mail you a completed title free of encumbrances in your name.
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Right. But bought in 93 with a 4 year note. 97 was closer to 30 years than 20 years.
I know. I did the guick maffs and thought holy fuck I'm old.
 
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