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6,495 Posts
I hope this is the right place to post this.....
There has been some recent talk here regarding the use of "Title Companies" to obtain titles on old finds.
Some states make it fairly easy to re-title a bike, in other states (like Indiana) it's almost impossible.
Worse yet, still other states (like Wisconsin, I think) actually title on engine numbers.
As I understand the way these companies work, they title the bike in an "easy" state under their own name, then transfer it to your name in your state.
I'm not a lawyer (thank God), so I can't comment on the morality or legality of this procedure.
You should just be advised that, if the rightful owner ever presents themselves, you WILL lose the bike - you will NOT be compensated for any work, money or time you've put into it, and you may even face litigation by the State.
Do a Google on the late Boyd Coddington of American Hot Rod fame (God rest his soul) - he got into some very ugly litigation regarding this, and lost his shorts a couple of times when previous owners suddenly appeared to reclaim expensive restored/customized cars, which he had re-titled using one of these companies.
So, just be warned - the decision is yours, of course.
But, like Steve, I won't even consider an un-titled purchase.
There has been some recent talk here regarding the use of "Title Companies" to obtain titles on old finds.
Some states make it fairly easy to re-title a bike, in other states (like Indiana) it's almost impossible.
Worse yet, still other states (like Wisconsin, I think) actually title on engine numbers.
As I understand the way these companies work, they title the bike in an "easy" state under their own name, then transfer it to your name in your state.
I'm not a lawyer (thank God), so I can't comment on the morality or legality of this procedure.
You should just be advised that, if the rightful owner ever presents themselves, you WILL lose the bike - you will NOT be compensated for any work, money or time you've put into it, and you may even face litigation by the State.
Do a Google on the late Boyd Coddington of American Hot Rod fame (God rest his soul) - he got into some very ugly litigation regarding this, and lost his shorts a couple of times when previous owners suddenly appeared to reclaim expensive restored/customized cars, which he had re-titled using one of these companies.
So, just be warned - the decision is yours, of course.
But, like Steve, I won't even consider an un-titled purchase.