Wednesday, June 20, 2018

Possibly Stealing Back Our Own Car

If you have been a long time reader here at a houseful of craziness, then you might remember that we've had a few car stories to tell.

If you are bored and you'd like to refresh your memory, here are a few:

 And hopefully, this will be the last one.


 Last December, we sold our car for pennies, due to the fact that it needed a new transmission and power steering and tires and, well...she was tired.  And so was my pocketbook.  

I signed over the title, was paid cash and never knew that you were supposed to send in the release of liability.

My bad.

And then a few weeks ago, a letter comes in the mail letting us know our vehicle, which now has been fixed up and sold twice more, is in an impound lot.

And while it's been sold a few times we are still, technically, the legal owners because no one ever registered the car in their own name.  The current owner/driver was pulled over for expired tags and detained for a suspended license...and the car was towed and impounded.  

The thought of what could have happened is too we'll rest in the fact that nothing did. Whew.

The guy we originally sold it to has washed his hands of it.  If we don't pick it up, then it will be auctioned off.  And if that's the case, then we are in the position of reclaiming the car (that we still technically own) back.

I spent a long time at the police department chatting about what we should do.  I couldn't lie to them - I mean, we sold the car after all and I wanted to be honest about that.  And then, while telling the story, I couldn't help but laugh...I mean, who makes this stuff up????

The guy who had bought the car last has a whole lot of clearing up before he can reclaim it.  His license has to be cleared, as does the title of the car changed to his name, insurance brought current and the impound fee paid.  My hope is he is able to do all that and so, we're waiting for the 30-day hold to play out while we decide what to do.  But the PD thinks this will be another case of car abandonment because it'll be more than the price he paid for the car.

The other fun part?  If it's auctioned off for less than what the impound fee is, then we are liable for the difference.  Because...yeah, we still technically own the car.  The other, most likely option - because we don't need the car, is to simply release the liability and back date it to the original date of sale.  That makes the most sense...but nothing we do seems to make much sense, so who knows???


No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...