Forum Discussion
CavemanCharlie
Oct 08, 2016Explorer III
bob_nestor wrote:wnjj wrote:
Farm and construction equipment aren't titled and registered like coaches are. I don't see these things staying in the States.
A couple of years ago a co-worker bought a used luxury car here in Texas. It had a clean title. A few months later the Feds showed up at his front door and informed him the vehicle was stolen in New Jersey and they were impounding it, but they knew he hadn't done anything wrong. He was left with a car loan and no car. The credit union advised him to report the car as stolen (from him by the Feds) so that his insurance could pay off the loan.
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Something sounds fishy here. Not on your friends part. But, how did he get a car with a clean title unless the owner signed the title?
We will never know but, it might be part of a divorce or angry couple type thing. That happens a lot. I've had friends that got stuck paying for stuff because there EX charged stuff to them after they split. They had to run a advertisement in the paper saying "I am only responsible for my own debts" or something like that.
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