Please! Need Help with a scam

Exactly right.I was a recovery agent for 15 years quite a while ago. By law they cannot talk to you about what in Fl. is called I think Chattel Collateral and it being in someone else's name. Ust to be in Fl. chapter 818 I think a law about removing, concealing or dismantling collateral. But they have a protacal to follow as far as it being enough behind, but there use to be a clause in contracts that if property was not insured or in danger they had the right to recover. So I don't understand them not doing something. Unless they are waiting for whats called Barge Ins. is added to the loan that way any damage will be covered to them. Thats all I have. Good luck.

 

#1, talk to a lawyer.
#2, stfu until #1 is done and you are expressly told that it is ok to discuss potential legal action by/against you.
#3 NEVER, EVER put on an open forum that you are trying to figure cough out cough a way to cough make some money on what may infact soon be noted as a stolen vehicle.

 

Next time you have $35k burning a hole in your pocket, take yourself to a Toyota dealership and buy a brand new truck. From a dealer. That sells them. Legally. With zero miles on them.

 

OP you need to put a storage lien on the truck. At this point its abandoned property since the bank the owns it won't do anything with it.

 

Hmmmm, a storage lien on what is essentially stolen property. I bet that’s probably not gonna work.

 

I think the very beginning of the story is the part that everyone really wants to hear. What conversation went down during this transaction? You find a private seller of a brand new truck, wanting to do a cash only deal? What story did they tell you on how they acquired a brand new truck with a clean title? And then what did they tell you to make it appear like they didn't like their brand new truck, with no liens, and that a Craigslist deal was a perfectly logical method to unload this property? Because that must have been an absolute humdinger they used to make the sale, to make all of that seem legit.

 

Since the sellers name is on the title, it seems weird to me that he would sell the truck in this manner. He must know that he is the one responsible for paying the bank for the truck. Sounds like this isn't actually a "scam" since the seller isn't really gaining anything from this. Unless, although his name is on the title, he isn't the one paying the loan (maybe a parent is paying or something?) and sold it behind their back?

He didn't really steal the truck since his name is on the title. Although from what I understand, he could have it reported as stolen if he uses the money from OP to pay off the loan and have the lienholder removed from the title, hoping to have the truck recovered and causing a huge clusterfuck. But realistically, it sounds like its just some idiot who knows nothing about selling a vehicle with a lien... for all we know, he plans to or has already paid off the loan with the cash from OP thinking that he can just have the bank send the title to the buyer?

IDK, i'm just trying to figure out what the seller has to gain from this? aside from causing a huge headache for the buyer... if it is a "scam", hes the worst scammer on earth

 

How much money actually was handed over during this private transaction for this truck?

 

Lets also not forget that all of this was accomplished so fast that the Lender hadn't even gotten a lien on the title yet.

 

The story probably went something like "the transmission in this truck sucks, it starts to smoke going up hill, I can't stand driving the thing, I just want to cut my losses and get out of it." Pretty convincing argument honestly...

 

Have you done a tune?

 

That was my first thought actually when I first read the OP. Who the fuck pays $35,000 in cash for a vehicle purchase transaction to a private party?

Stinger from TheFang! Ouch man. I think he is going to need a little aloe vera after that burn.

 

I'm probably missing something in all this but...how did the seller have the title when there is still a lien on the vehicle?

 

Intresting

 

As I stated earlier, this happened to us more than once recently.

And maybe in the future even if you have cash in hand, finance through your favorite bank or CU w/ a hefty down payment and allow the bank/CU to do their due diligence and hold, at least partially, the 'bag' so to speak. This way at least you have the bank/CU's lawyers involved.