Re: Man Reunited with Stolen Corvette After 39 Yrs
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the car was bought by my neighbor from a dealer in CA in June of 2009
the previous owner had it titled and registered in CA for the last 19 years
it was "totaled" in a garage fire 10 years ago
it was rebuilt
it is a 65 FI convertible
the dealer that sold it to my neighbor "jumped" the title
It is impossible for a dealer to "jump" title. Dealers don't put titles in there name, that is why titles have an area for dealer reassignment. It lets the DMV know where the car was between the guy that traded it and the new buyer when it is titled in his name. Now the previous owner that had it when sold to the dealer MAY have jumped title, but that is of no concern to the dealer as long as the guy selling it has a legal bill of sale and the title is signed by the owner of record on the title and itr is notorized if required.
When you buy a car from a dealer if you were able to do a title search you would only see the previous owner. If you had deeper access to DMV records it would show the dealer that sold it between you and that other owner, but you would already know who YOU bought it from.
the court hearings started in early November
my neighbor was out the $65k until it was awarded last week and he DID get a check from his insurance company ...
My GUESS would be that HIS insurance company will be looking to the dealer for reembursment.
way back when it was stolen, the owner let his insurance lapse
supposedly he was never compensated, that is why he got it back
the car WAS recovered in Chicago in 1970 and sold at a sheriff's auction
WHY they never bothered to contact neighboring states about it is hard to say ... there is a lot of murky facts surrounding that aspect of this car
This is the "hole" in the system that was discuss in another thread here recently. There apparently is no sharing of information of stolen cars between the NCIB and the state DMVs. There should be a database with all stolen cars V.I.N. that could be cross checked everytime a title changes hands and it would remedy all of this.
my neighbor has been through the wringer on this as he did nothing wrong
the NICB report did NOT have it listed, only the fire "total"
CA was fine with the car, title, etc
IF the buyer of the car lived in CA and re-registered it there, it would have still been there ... it had a good CA title and was still registered there
the scary part is that a car CAN be registered and have a good paper and even for 19 years without anything happening
bottom line is beware when buying cars, even those with good paper ...
EXACTLY. When you are dealing with an old car unless you have a history chain back to the original owner your are well advised to make two phone calls. One to the DMV office you plan to title it in, and the other to the NCIB. The same question for both, "has this car ever been reported stolen?"
oh, the 12k miles are pure BS, maybe 12k from the restoration, but the car was not a "survivor" in any stretch of the imagination
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