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Old 02-20-2009, 04:32 PM   #21
HtownStunta
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Quote:
Originally Posted by houstonch73 View Post
ok so what will he tell the bank that holds the title?
dunno, you should call him and ask him...
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Old 02-20-2009, 04:46 PM   #22
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Old 02-20-2009, 04:51 PM   #23
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But the bank will still own the bike, right? So after someone buys the bike from him and he doesn't pay it off, then the bank will come looking for the bike right?

Does that then make it a stolen bike?
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Old 02-20-2009, 04:55 PM   #24
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Quote:
Originally Posted by cashtown View Post
But the bank will still own the bike, right? So after someone buys the bike from him and he doesn't pay it off, then the bank will come looking for the bike right?

Does that then make it a stolen bike?
Yes...kinda. Currently it is not stolen. When he sells it to you and reports it stolen then it will be. OR he stops paying on it and the bank then looks for it...which means that it will be considered stolen at that point. So although not stolen now...at some point it will be classified as stolen.

There are too many variables. Just something to stay away from IMO.
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Old 02-20-2009, 05:03 PM   #25
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I would pay 2 grand buy a frame with title and swap over everything and now i got a 5k-6k bike and the can come repo his frame, I by bikes and flip them though so I have run into very sticky situations its just not worth it yes the bank will come after HIM but if the bikes not there they let that go and pursue him through court or allow it to ride his credit. Of course he could claim it stolen and point fingers at you but then you would show the add for sale etc.. plus I would make him write a bill of sale if possible.
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Old 02-20-2009, 05:03 PM   #26
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This guy is a total dumba**!! Sorry, but if you don't to pay for it... give it back!! Either way he's going to have to pay something now, or later down the road.
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Old 02-20-2009, 05:22 PM   #27
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Quote:
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Good idea, dangerous if you are dealing with someone who just stole that bike though...

Also, how would you get the vin number without him noticing, if he knows you want it he SHOULDN'T let you have it if it's stolen.

I wouldn't ask for it. In my experience you can pull the plate number and then get the VIN that way, or you can just "inspect" the gauge cluster where the VIN is and type it into your cell phone.

I actually have done this before when my bike was stolen, although it is easier to do when all you need is the last 4 of the VIN to see if it is your bike or not. It helps that if I need to I can memorize an entire VIN by looking at it but that just comes from years of memorizing CD keys to OS's and games.

Since this entire response is now irrelevant because it's not stolen but owned by a bank, here's my two cents on the subject.

This is actually how I bought my bike... and I payed about the same for it. However, the guy I bought my bike from was a friend of a friend and I met with him and his parents at their house in FL before I even considered buying it.

They had antique restored cars, RV's, all kinds of nice vehicles. I could tell they weren't trying to just rip me off and **** me after not paying for it. Instead, they were just trying to get rid of it quick and pay what they owed left on the bike so as to stop paying interest on it as well. It worked out for both of us, and they sent me my title a month later when the bank sent it to them. I filled out the details and they had signed it already, and BAM, I had a bike.

This is not the norm, and I wouldn't trust any random as stranger to do this. Just FYI.
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Old 02-20-2009, 05:38 PM   #28
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its probably on the repo list I have seen that befor
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Old 02-20-2009, 06:12 PM   #29
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Quote:
Originally Posted by ddgtomahawk View Post
I would pay 2 grand buy a frame with title and swap over everything and now i got a 5k-6k bike and the can come repo his frame, I by bikes and flip them though so I have run into very sticky situations its just not worth it yes the bank will come after HIM but if the bikes not there they let that go and pursue him through court or allow it to ride his credit. Of course he could claim it stolen and point fingers at you but then you would show the add for sale etc.. plus I would make him write a bill of sale if possible.
you definatly flip over bikes when is yo going to be ready again?
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Old 02-21-2009, 02:40 PM   #30
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so i called that guy with the 750. he said its got 14000 miles on it. kinda odd for a 07. anyway, he said he still owes 8grand on the bike. and he would not be putting that 3 grand towards paying it off. he said he wants to just get rid of it and he posted that it could be used as track, stunt, or parts bc he doesent know how you could obtain a title for it seeing as he still owes 8g's on it. sooo i dunno. is there a way to get a bike like that and the buyer not have to worry about anything? would a bill of sale protect the buyer.
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Old 02-21-2009, 03:01 PM   #31
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You can get a mechanics lien on it and the bank will release the title to you. D&D titles in La Porte deals with this kind of thing all of the tile. It will cost under 300 to get the title.
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Old 02-21-2009, 03:36 PM   #32
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The bill of sale isn't good enough. When that bike is reported stolen and the buyer is found in possesion he can produce the bill of sale and argue he didn't steal it. The buyer won't be charged with receiving stolen property, but the bike will be held in evidence and transferred back to the bank or lein holder. The signature on the bill of sale will result in the current seller (debtor) being charged with some sort of fraud or theft after having filed a false police report for the bike disappearing.

It looks good, but don't touch.
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Old 02-21-2009, 03:53 PM   #33
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Quote:
Originally Posted by RePo View Post
The bill of sale isn't good enough. When that bike is reported stolen and the buyer is found in possesion he can produce the bill of sale and argue he didn't steal it. The buyer won't be charged with receiving stolen property, but the bike will be held in evidence and transferred back to the bank or lein holder. The signature on the bill of sale will result in the current seller (debtor) being charged with some sort of fraud or theft after having filed a false police report for the bike disappearing.

It looks good, but don't touch.
Unless you want to go the frame route mentioned above. Thats what bike thieves do all the time. So really at the end of the day your still dealing with a stolen bike, just not stolen from a person but rather a bank. I guess it just comes down to how you feel about that sort of thing. Be aware that it takes some work and if you buy it you probably don't want to take it back to your house just in case. Also don't let that guy get any info on your really. Meet him in a parking lot or gas station somewhere to pick it up.
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Old 02-21-2009, 04:17 PM   #34
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Quote:
Originally Posted by Busa_Bullet View Post
so i called that guy with the 750. he said its got 14000 miles on it. kinda odd for a 07. anyway, he said he still owes 8grand on the bike. and he would not be putting that 3 grand towards paying it off. he said he wants to just get rid of it and he posted that it could be used as track, stunt, or parts bc he doesent know how you could obtain a title for it seeing as he still owes 8g's on it. sooo i dunno. is there a way to get a bike like that and the buyer not have to worry about anything? would a bill of sale protect the buyer.
Why is that odd?

I put 12K on my bike in the first 10 months I had it.
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Old 02-21-2009, 04:44 PM   #35
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Quote:
Originally Posted by HtownStunta View Post
I know who is selling it... it is not stolen, but still has lein on it...
Soo.. How can he sell a bike that isn't his? Tell ur friend he is a dumbass.. All he is trying to do it get 3k out of someone then the lien holder repo it.
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