L
lkmcycles
Guest
Resolution
I purchased the bike from a couple in OKC, they never registered it and according to the TX DMV they did not have the right to resell the bike as they were never the legal owners since they never had a clean title. I located the original owner in Michigan, and found that he had never sent the title to the OKC couple. Well once they received it they signed it and then gave it to me. Duh...I told them the title was no good as it was and they would need to register in OK and then sign it over to me. But... I was stupid and gave them the money before the title was given (all this was done in person) they agreeded and I asked for the return of the money minus $500, the agreeded upon earnest money. They refused the return of the cash, and I was not about to hand over the title.
I went to the local DMV and filled out miles of forms stating the facts and applied for a sureity bond, I had to find a bailsman to issue one at a cost of $120.00. Then back to the DMV for the plates. The bond ensures that if the original owner tries to claim the vehicle the bond will cover the reimbursement cost to the seeker.
Finally..the end..I have the bike and the title is on the way
I purchased the bike from a couple in OKC, they never registered it and according to the TX DMV they did not have the right to resell the bike as they were never the legal owners since they never had a clean title. I located the original owner in Michigan, and found that he had never sent the title to the OKC couple. Well once they received it they signed it and then gave it to me. Duh...I told them the title was no good as it was and they would need to register in OK and then sign it over to me. But... I was stupid and gave them the money before the title was given (all this was done in person) they agreeded and I asked for the return of the money minus $500, the agreeded upon earnest money. They refused the return of the cash, and I was not about to hand over the title.
I went to the local DMV and filled out miles of forms stating the facts and applied for a sureity bond, I had to find a bailsman to issue one at a cost of $120.00. Then back to the DMV for the plates. The bond ensures that if the original owner tries to claim the vehicle the bond will cover the reimbursement cost to the seeker.
Finally..the end..I have the bike and the title is on the way