[DeTomaso] Another inquiry......... talk to me about car titles please.

[michael@michaelshortt.com]

I don't know about Jersey, but in Georgia, if you don't have a title for a
15 year old or older car, then you just are not getting one and one does
everything from that point forward from a BILL OF SALE.

Does the Penn title still exist?  If so, then that's what I would use. or
find a state where a bill of sale and an inspection can be turned into a
fresh title( don't know any of those either)

I'd think that the home equity loan would be the way to go, you want
ownership to help
get through the insurance process, then you can take your time in finding
another financing source, then pay off the home equity loan.

Michael




On Thu, Jul 8, 2010 at 3:21 PM, Dee Hart <qqpursuit at gmail.com> wrote:

> This what I think I know................OK a guy in Jersey buys a pantera
> from (Pro Auto sales) Penn.   The Jersey guy puts it in the garage and
> never
> registers or Titles the car in the Jersey guys name.  Now the Jersey guy
> wants to sell it.     An out of state buyer comes a long and would probably
> want to buy the car but would prefer to finance the car.  The finance
> company says no, because the car is not Currently titled.        Is that
> customary for a finance company to make that requirement?   Does the out
> of state buyer simply get a copy of the title that I guess would be in Pro
> Auto Sales name and show it to the Finance company?             Or maybe
> the
> out of state buyer simply gets a home equity loan and goes that route, and
> screw that finance company?
>
> Curious.................... Doug.H
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-- 







Michael L. Shortt
Savannah, Georgia
www.michaelshortt.com
michael at michaelshortt.com
912-232-9390


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