ok, the current owner(old man) got the bike from some guy who owed him money and then he died before he did any of the title work. well the bike has been sitting, because the old man who owns it has no idea how to work on it. he told me about the title situation, and said that i could go to the DMV and ask for a bond, and it would cost around 120 bucks, and i'd have to wait a month to see if anyone would go up and claim it, but the man died, so i wouldn't have to worry about that, and i would get the title in my name. is he telling me the truth, i live in North Carolina.
2007-07-08 13:30:16 · 6 answers · asked by tarzan_man1990 2 in Cars & Transportation ➔ Insurance & Registration
Yeah it's true. I am a car dealer and I have to get bonded titles all the time. I have a car right now that my mechanic gave me cause some guy died. In Texas, it's not the DMV.......it's the dept of transportation. You get the paperwork, then buy the bond from an insurance co. THEN you go to DMV with all that.
2007-07-08 13:33:07 · answer #1 · answered by no jap crap 3 · 0⤊ 0⤋
What he is talking about is a bonded title. Since ownership cannot be proven, and there is no chain of transfers, you can pay an extra fee to obtain a bonded title. After a three yr period, most states allow the title to become a standard state issued title. It is a way to obtain title, like in your case, death, but also if an owner cannot be found and you can prove that you have done a search to obtain release of interest. You are required to have the cycle appraised, and probably go through a VIN inspection. It's alot of paperwork, but the end result is a title, and that's what is important.
2007-07-08 15:33:44 · answer #2 · answered by fisherwoman 6 · 0⤊ 0⤋
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2016-10-19 03:12:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
i suggest calling or going by your local tag/registration office, they would/should have all the information on it, its also possible that a relative of the previous owner has a claim on it, unless the new owner has some type of bill of sale, or document stating it was given to him in exchange for a loan,
2007-07-08 13:35:07 · answer #4 · answered by dlin333 7 · 0⤊ 0⤋
I believe the executor of the trust would have to ok the transaction and provide a death certificate of the deceased.
2007-07-08 18:18:40 · answer #5 · answered by (A) 7 · 0⤊ 0⤋
Is the deceased case in probate?
Have contacted NC dmv and ask them their procedure?
2007-07-08 13:51:41 · answer #6 · answered by yahweh550 4 · 0⤊ 0⤋