Please! Need Help with a scam

Hello so without going into to much detail I bought a truck with cash that had a fake title and was financed. I still have the truck and haven’t heard from anyone as far as the bank wanting it back but they also won’t talk or work with me or the cops. Any ideas on what I should do with the truck?

 

Go into more detail please

 

In CA that could fall into a civil-court issue; used vehicle is a used vehicle but the fake title thing is criminal so maybe the DA would entertain it as fraud.

Hope it works out for you.

 

Was the person who sold it to you the same one that financed it?
Was it stolen or sold with a fake title to hide the bank's lien?

 

I could be something like a flood vehicle. Totaled sold as salvage.

 

You’re fucked.

 

Interesting...

@Chance03 send me the vin, I'll run a Carfax for ya

 

Be prepared to be out the money you paid for it.

 

yes same person who financed it, sold it before the bank could put a lien on it. its a new truck

 

Well this is quite the conundrum isn’t it

 

oh boy. hope you can get your $$ back.

 

The bank has always had lien, they should have the actual title. Call the bank and explain what happened and see what they want to do before they report it stolen then you may in big trouble. You’ll probably gonna have to take the guy to court to try and recoup your money. What a mess.

 

Post the fake title..

 

Gonna need the whole story op.... only way for someone to help is knowing the entire situation.
Devil is in the details.

 

Next question. Did you finance it or pay cash for it? How did you pay? Do you have any way of contacting the person you "purchased" it from? Anything preventing you from immediately going to the police with this?

 

The title is likely real but sent to the guy who sold you the truck and signed over that title to you. He was supposed to hand it over to the bank.

The last several vehicles we financed, the title was sent to us first. Some sort of new method the State uses, I assume. The bank called us looking for it when it was sent.

I'm going w/ the truck is legally yours, you paid for it and received title, and the bank is gonna have to go to the original owner for the money they lent him and never received the title/collateral.

Unless of course, the title you received is in fact fake.

 

i payed cash, the title was a photocopy of the real one that was originally issued, he is in the wind but we know who he is. he lives in another state. he IS the person who at least co-signed for the truck. Ive already gone to the police and they have been zero help other than telling me the truck and title are what they say they are and everything is legit in that department. it is also not registered as stolen. problem is i can not register it obviously so its just been sitting in my garage for 2 months.

 

Seems there's a bug goin around *cough*

 

Your screwed. It was not his truck not sell so you don’t legally own it. Time to contact a lawyer. Leave it parked in the garage until a lawyer gives you advice on how to proceed. You more than likely will have to turn the truck over and sue the guy that sold it.