Also, in California, you can do the lien sale yourself for $5 or 10. You get a lien sale packet from your local DMV(or have one sent from Sacramento, the DMV Lien Sale Unit), also at the DMV you order the record for the vehicle(past registration information, comes with an address for the previous owner)-you pay for this record...used to be $5...if you're real lucky they will produce it while you wait. You fill out the 3-5 simple forms, send copies of certain ones to the DMV(this one is certified mail: $3-4) and to all parties(usually just the previous owner). You have to set a lien sale date, usually 30 days away and 10 days before the sale you post one of the forms in a visible place(outside wall of your business, next to the front counter...etc), and then on the day of the sale when no one shows up all you have left to do is take the information(and some of the remaining forms) back to the DMV and register the car. I've never had to conduct an auction...in my case there were usually storage and/or repair charges that usually made it uneconomical for anyone to bid on the car. But it's really easy to do, the hardest part is waiting 30 days for the sale to occur. John
----- Original Message ----- From: "Jeffrey Schwaia" <jeff@TSSGI.COM> To: <vanagon@GERRY.VANAGON.COM> Sent: Thursday, December 26, 2002 3:02 PM Subject: Re: Report of International Title Service
> $225 seems a bit exorbitant. > > Out here in California, if you're a private party, all you need to do is > fill out a lost title form and pay the transfer fees. > > If you're a business, you have to lien sale the vehicle. The lien sale > agency I uses charges me $55 to handle all the lien sale paperwork, after > which I have to pay the transfer fees at the DMV. > > Cheers, > > Jeff > > > > > -----Original Message----- > From: Vanagon Mailing List [mailto:vanagon@GERRY.VANAGON.COM]On Behalf > Of Kenneth Wilford > Sent: Tuesday, December 24, 2002 9:27 AM > To: vanagon@GERRY.VANAGON.COM > Subject: Report of International Title Service > > > Folks have come across the dilemma from time to time. They find a nice > Vanagon that they want to restore in a junkyard with no title and they > wonder "Can this car be legal again?" I recently came into posession of a > nice '87 Syncro Van that had been abandoned at a mechanic's shop after the > owner moved and then thought the cost of the shop repairs were too high. > I looked around on the internet and found a company that could said they > could get you a new title for your car with no title. > http://www.its-titles.com > I gave them a call and within a couple of days I had the paperwork I needed > to fill out to have the new title prepared. I mailed the paperwork back to > ITS and now a week later, I have my paperwork from them. It is not a title > but a registration slip from Rhode Island with a Bill of Sale. > > Basically it works like this: > You sell the van to ITS for $1 > They get the van registered in Rhode Island and then sell it back to you. > You get this RI registration and a letter from RI DMV saying that a bill of > sale is all that is required for this vehicle in RI. Now I am going to take > this stuff to the NJ DMV and see what happens. > > All in all I am happy with what has happened so far. The paperwork was > simple and easy to fill out. The cost was not too bad ($225) and the time > frame of one week was a lot quicker than I had expected. I'll post to the > list when I get the final OK from NJ DMV. > > Thanks, > Ken Wilford > John 3:16 > http://www.vanagain.com > Phone: (856)-327-4936 > Fax: (856)-327-2242 > |
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