"hypothetically," say a friend of yours owns a repair shop/tow service with
a wrecking yard. your friend tows a customers' vehicle in for repairs...
the car/truck needs a new motor but isnt worth it to put one in. in
lieu of payment,(for tow fee and diagnostics) the customer signs
the title over to the shop owner which has a lien on it more
than the vehicle is worth.
the title company wont release the lien.
the title company will not retrieve the vehicle
or pay for work already put into it.
what im asking is:could i purchase the car for parts?
how could the shop owner recoup his money?
any input is appreciated.
a wrecking yard. your friend tows a customers' vehicle in for repairs...
the car/truck needs a new motor but isnt worth it to put one in. in
lieu of payment,(for tow fee and diagnostics) the customer signs
the title over to the shop owner which has a lien on it more
than the vehicle is worth.
the title company wont release the lien.
the title company will not retrieve the vehicle
or pay for work already put into it.
what im asking is:could i purchase the car for parts?
how could the shop owner recoup his money?
any input is appreciated.