Can someone sell you a car that the bank still owns ?
23 Feb 2010I purchased a vehicle from a private seller for 8,000 in april 09 i registered it under my name and got insurance everything was fine until last night when the alarm went off on my vehicle that was parked on my driveway it was been reposessed because the previous owner owed 12,000 grand to chase bank i went in to file a report at the police station because the owner said it was payed off and he was selling it because he was gonna get drafted. Now i dont know what to do because the cops said that the bank owns it and i have no way of contacting the person who sold it to me and i was left without the car and my 8,000 i have receipts of payments made to this person and a notarized paper claiming the sale. What can i do now? can i sue this person for fraud ? the cops said that i have to talk with an auto detective is it possible to get the car back i did run a carfax and everything came out fine im really fustrated at this point
The cops looked up the vehicle info and they said it was a lein free tittle.
the guy had the vehicle registered in oregon when i registered it under my name i did it california.
today we spoke to the auto detectives and they said that the person forged the signature and there is going to b a dmv investigation .
the bank had released the car on the tittle it had a stamp and signature the carfax showed no lien meaning they dont own the car y did they take it ?
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7 Responses to Can someone sell you a car that the bank still owns ?
Stephen
February 23rd, 2010 at 4:59 am
he can sell it to you and its your responsibility to get the title and check the car for liens before exchanging money. in order to fully own the car the bank lien would have to been paid in full. yes you can sue him.. good luck collecting. im sorry to say you were dooped..
The Bricklayer
February 23rd, 2010 at 5:31 am
Here in the UK we run a HPI check
If you ran a HPI/Credit check on the vehicle and it came back ok,then you have a claim against the company that carried out the HPI/Credit check.
If you did not run a HPI/Credit check,then it is your loss.
mustanger
February 23rd, 2010 at 6:08 am
I don’t know how many times I’ve seen this or similar scenarios on Y/A. The answer is always the same. Do NOT buy a car from anyone unless they provide you a lien free Title. Bills of sale are as worthless as toilet paper. Unless you get a clear Title and have them accompany you to the DMV to make sure the Title can be transferred to you then you are hanging your rear end out in the breeze. Yes you can sue, IF you can find them. Most crooks will be long gone immediately after they have your money.
PETER GRIFFIN
February 23rd, 2010 at 6:58 am
That’s the risk you took when you bought the car without a title being signed over to you.
Obviously, the payments you made to the guy wasn’t going towards the bank. He probably spent it on booze and hos.
You can sue but I doubt anything will come of it. Basically you spent $8000 to rent a car for 4 months.
Next time, NEVER buy a car with a lien on it because this very thing can happen.
Marg
February 23rd, 2010 at 7:12 am
You have to find the person who sold you the car and take them to court. You can possibly have fraud charges put on them contact an attorney and see because to me that sounds like he was going to get reposed. Do exactly what the officer told you to do you should be able to bring fraud charges against him.
N
February 23rd, 2010 at 8:00 am
It couldn’t have been lien free or they wouldn’t have repoed it.
Have the cops swear out an arrest warrant for fraud ….the guy that sold it to you.
His name is on the title. That’s your only hope of ever seeing a penny.
That’s if the owners freedom is involved.
A civil judgment wont help. Have him arrested.
D W
February 23rd, 2010 at 8:37 am
You will need a lawyer