OK my husband had purchased a semi-truck and the guy that he had purchased it from said that the truck is paid and that the bank had not sent him the title yet.. because they have lost it .. saying that the 1st bank had lost it's stocks and another bank had bought it... the 2nd bank happened the same way and the third bank doesnt have the title.... How can we now find or get a new title for a semi truck ....? Please Help...
2007-03-26 13:12:24 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
we are in Michigan... and the banks are God knows where...
2007-03-26 13:15:13 · update #1
the truck is paid in full.. we have a contract signed and notarized..
2007-03-26 16:20:42 · update #2
Before your husband pays for this truck, ask to see the registration on the vehicle, he can then take it to dmv, and check to see what is up with the paperwork. He can then apply for a new title in his name. To be on the safe side ask the previous owner for a copy of his drivers license, and a payment stub from the back. Hope he bought it cheap, it will be alot of work on the papers before he can start to work. If it was me, I would check with your local state board of equalization to make sure all fuel taxes are up to date.
2007-03-26 17:08:14 · answer #1 · answered by rksmbus 1 · 0⤊ 0⤋
1
2016-05-10 22:11:56 · answer #2 · answered by Claudette 3 · 0⤊ 0⤋
So you purchased a truck without a title, so many things wrong with this situation, I'm not going to go into all the details, but here's the short version. Do you have a bill of sale? Is it notorized, and dated? Did you purchase the cab, or the trailer also? Has the truck been running under prorate plates, or is it owner/operator? Get the VIN, go to the DMV and ask if the title is held in that state. If so, is there a lender? If they say yes, then you have a semi that is worthless to you, because you have to get the title from the lienholder, and they aren't going to release without having the loan paid in full. You can contact the lender requesting the release of interest and the title, but if the loan isn't paid, it's doubtful that you are going to want to pay off the loan. You have a mess, that's going to take some time to resolve, if you are able to. Buyer beware, that's it.
2007-03-26 16:17:22 · answer #3 · answered by fisherwoman 6 · 0⤊ 0⤋
Two things you always do before purchasing a semi-truck are checking for a "clear" title and making sure the "road tax" is paid in full! You will have a tough time with the title and if the previous owner owes highway use tax, you now owe it! You CANNOT register the truck until both are met!
2007-03-26 13:31:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Check with local DMV, commercial division, and have them help you look up the title, then give them the bill of sale (copy!) and have them transfer the title to your name.
Remember, you'll need to pay a LOT of insurance on a semi, and if you go interstate, you need to register with DOT, and always keep proper logbooks!
2007-03-26 16:58:57 · answer #5 · answered by Kasey C 7 · 0⤊ 0⤋
u r screwed
if the truck was stolen,
u will be arrested
cuz u need the title
either contact the guy or ur screwed
2007-03-26 15:04:30 · answer #6 · answered by Anonymous · 0⤊ 1⤋