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Bought ZZR, have Bill of Sale...but...
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I have a really serious problem. I purchased a ZZR from a guy in
Alabama and have a bill of sale from him and I have the bike in my
possesion.
Fortunately for me it was in mint condition. 2002 with 900 miles on it
and not a scratch on it. Had the bike shop check it out and everything
was good to go.
Unfortunately the gentleman who I purchased it from has failed to send
me the title. He said he had to pay it off. My wife has spoken with
him and he said he sent the title but we never received it. We
contacted him a second time and he said he would request the title a
second time and send it to us. Now this nice person won't return our
phone calls.
So I want to bump this up and really get his attention. Any
suggestions on what I can do? I live in Georgia so I don't know the
laws on placing a lein on his house or propertly.
Any assistance would be greatly appreciated.
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Sorry but all I can say is you may have just learned an expensive lesson
in why you never give the seller your money until he gives you the title
free and clear. If there is a lienholder on the title, you go to the credit
union, or whoever holds the lien, and do the exchange there. There's very
few bikes, and even fewer people out there that justify breaching this rule.
If you can't get a title, just walk away.
I'm sure there will be someone along soon who will say they've bought lots
of bikes without titles and got them retitled somehow at minimal cost. More
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I will. I did and it was minimal cost. A friend of mine did and it was
minimal
cost.
However, both bikes were book value of UNDER $500. And in both cases,
my friend and I both ran the VINs through DMV before purchase to make
sure they wern't stolen.
If some day a bank comes out of the woodwork claiming they own
my bike, that's fine with me, they can have it, I'm not going to lose sleep
over $500.
You all need to keep things in perspective.
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power to them. At this point, wouldn't you rather have your money and give
him the bike back, so you could spend your money on a similar bike with a
clear title?
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I suggest you find a way to check who actually owns this bike, because it's
entirely possible the finance company do and if the original owner decides
not to pay any more, the finance company will want the bike back (or want to
sell it) and it's not yours, so you'll lose it.
Anyone who walks away from deal where money changes hands without the
title, doesn't have a leg to stand on. You've won the equivelant of a
Financial Darwin Award.
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