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Old 09-24-2007, 06:31 AM   #21
Dobeman
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I tried to call the bank. The original loan was through GE Capital which has now been sold to HFC. GE has no record of old loan and HFC says they never aquired the loan from GE when they purchased their loans from them? It seems the bike (title) is lost in the maze. It's an old loan (2000) and was in bankruptcy in 2002. It appears the bank does not or never did have any interest in getting the bike back. Perhaps the cost to recover the bike was more than they thought is was worth?
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Old 09-24-2007, 08:32 AM   #22
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Prolly so, its not a mv agusta F41000 or anything real expensive, but still leaves U without a title
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Old 09-24-2007, 09:25 AM   #23
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Contact the lien holder and tell them to either pick the bike up and pay you storage fees or send you a release of lien. This would seem a common problem with abandoned cars so call a "Tote the note" lot or an auto storage yard and ask them how to handle the problem.
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Old 09-24-2007, 09:40 AM   #24
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Quote:
Originally Posted by texasyankee View Post
Contact the lien holder and tell them to either pick the bike up and pay you storage fees or send you a release of lien. This would seem a common problem with abandoned cars so call a "Tote the note" lot or an auto storage yard and ask them how to handle the problem.
Cant charge storage unless U are a licensed storage lot
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Old 09-24-2007, 01:04 PM   #25
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try calling both parties again.. when is the last time you contacted them?
this is an interesting situation from a legal perspective... statute of frauds doesn't even factor in since they legally own the bike.. lol its got me thinking about adverse possession and stuff too but htats only for real property.
If they lost the title then they prolly aren't gonna claim it you could just try and get the bonded title.
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Old 09-24-2007, 01:23 PM   #26
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If it has already been written off at the bank they should have no problem signing it back over to you(a release of lein form). Actually, if a bank is the lein holder, you dont have to inform them of the situation. All you have to do is say you paid it off, and tell them they never sent you the title or released the lein. From there all you have to do is apply for a new title. If you can find someone to check the vin# you will see who is the current lein holder.
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