Re: IML: Broadway Title Co. to obtain title on abadoned car

[canu di bona <ccdibona@xxxxxxxxx>]

Let me clarify.  Either way you go, either through
companies like Broadway or doing it yourself with a
search and indemity bond, you will end up with a new
title just as if you bought a new car off the lot. 
The title does not indicate "abandoned" or "salvaged"
or anything like that.  Either way you end up with a
clean title.  I just find doing it yourself with the
VIN search, more explanation from the seller, and
insurance against future claims as a superior method.
Canu

--- M Turner <tminjesu@xxxxxxxxxxxxx> wrote:

> True.  In most states, including Massachusetts. one
> can get new "original" 
> titles for abandoned/restored cars.  I have a 1954
> Packard Cavalier 
> undergoing major resto.  Once the car is finished
> and driveable I will get a 
> new registration for it.
> Vince in Boston
> 
> ----- Original Message ----- 
> From: "canu di bona" <ccdibona@xxxxxxxxx>
> To: <mailing-list@xxxxxxxxxxxxxxxx>
> Sent: Saturday, June 04, 2005 12:31 PM
> Subject: RE: IML: Broadway Title Co. to obtain title
> on abadoned car
> 
> 
> > You don't nec. need to go through these title
> > companies.  In your own state the dept of motor
> > vehicles has a process of titeling "abandoned".  I
> had
> > a situation with a untitled motorcycle.  First go
> to
> > your local state office that issues your license
> > plates and get their form to run the Vehicle
> > Identification Number to ensure it is not
> currently
> > registered as stolen.  Then perhaps they can also
> tell
> > you who last registered the car.  If it happens to
> be
> > the same family as the person you bought it from,
> a
> > lost title form is all that is needed.  Otherwise
> a
> > written explanation of how the car cam into
> possession
> > of the seller is needed.  I would get it
> notorized.
> > Your local DMV will then direct you on how to
> title
> > the car.  Basically you get an indemity bond from
> an
> > insurance co., this insurance insures the car from
> any
> > claim to it by anyone in the future - that is to
> say
> > if anyone comes forward and proves their claim to
> the
> > car, the insurace co. pays them off.  the cost of
> the
> > bond is relative to the value of the car.  You
> then
> > take this paperwork to the a state inspection
> office
> > who ensures there are valid VIN numbers in all the
> > right places, verifies the DMV stolen car search,
> and
> > issues a new title for your own state.  These
> other
> > companies like Broadway issue you paperwork form
> > states that accept bills of sale as transfer of
> title
> > for cars older than XYZ years.  This state
> paperwork
> > form Alabama or Maine or wherever is then
> dutifully
> > accepted by your state.  One way you do some leg
> work
> > and ensure the car is more legit and have
> insurance
> > against a future claim.  Broadway and co. make
> life
> > easier by creating a one stop shop.  Easier but
> also
> > an avenue that is rife with abuse and fraud. 
> Think of
> > how many "abandoned" car VIN's go through Braodway
> and
> > similar companies.  That is a discussion for
> another
> > day.  I'm sure your situtation is legit and all
> will
> > work out either way you go.
> > Good Luck.
> > Canu
> > North Carolina
> > 62 Crown
> >
> > --- Rob McCall <Rob_Mopar@xxxxxxxxxxx> wrote:
> >
> >> I don't know about Broadway, but I used
> >> International Title Service and was
> >> happy with them.
> >>
> >> www.its-titles.com
> >>
> >> Rob McCall
> >> '67 LeBaron
> >>
> >> -----Original Message-----
> >> From: mailing-list-owner@xxxxxxxxxxxxxxxx
> >> [mailto:mailing-list-owner@xxxxxxxxxxxxxxxx] On
> >> Behalf Of Chad & Teresa
> >> Smith
> >> Sent: Thursday, June 02, 2005 11:53 PM
> >> To: mailing-list@xxxxxxxxxxxxxxxx
> >> Subject: IML: Broadway Title Co. to obtain title
> on
> >> abadoned car
> >>
> >> Ok guys....someone out there sent out a link for
> >> Broadway Title in response
> >> to someones email about an Imperial abandoned in
> the
> >> woods  that they
> >> wondered how they might acquire title for.
> >> Ok...here is the deal...I am
> >> having a similar dilema with my sons latest
> >> acquisition.  He has purchased a
> >>
> >> Duster, and guess what...no title...great!  So,
> do
> >> any of you have
> >> experience with this Broadway Title Company that
> was
> >> suggested on the IML.
> >> I want to make sure I am dealing with persons on
> the
> >> up and up and
> >> definitely need some reassurance here before
> sending
> >> off my cash.
> >>
> >> Thanks in advance!
> >>
> >> Teresa
> >>
> >>
> >>
> >>
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