Am I screwed?
Seasoned HDF Member
Joined: Nov 2010
Posts: 17,548
Likes: 7,197
From: Oxford, Nc
If he's attempting to defraud you by not paying off the note, your Police Dept maybe interested in talking to you...and may well put pressure on him. Otherwise you may have a long civil suit ahead of you. You did write a short contract about him securing the title for you right?
You never really asked him who was holding the title? Honestly, I can't imagine a conversation regarding a sale where who's holding title wouldn't be discussed.
Something's not adding up here...
You never really asked him who was holding the title? Honestly, I can't imagine a conversation regarding a sale where who's holding title wouldn't be discussed.
Something's not adding up here...
Road Warrior
Joined: Aug 2010
Posts: 1,580
Likes: 4
From: Colorado
Ditto! The OP should have gone to the bank with the seller to complete the transaction. Money to bank - bank release title - title to OP or signed over to OP by bank. All in one transaction. The bank can come for the bike if not paid by the seller. Not a good situation at all.
Supporter
Joined: Oct 2009
Posts: 2,056
Likes: 248
From: Milton Mills NH
Call the lien holder to see if the bike has in fact been paid off. If not go to the seller, face to face, find out why the lien is still active. THEN if no results you need to hire an attorney before this guy skips out on you.
It can still work out don't panic yet. when you look him in the eye, watch for body language, if he avoids eye contact, shuffles his feet, beats around your questions without direct answers you have an issue.
It can still work out don't panic yet. when you look him in the eye, watch for body language, if he avoids eye contact, shuffles his feet, beats around your questions without direct answers you have an issue.
Tourer
Joined: Mar 2009
Posts: 441
Likes: 52
From: Utah
Several years ago I sold a 4 wheeler. I was paid in full and I sent a check to the lien holder to pay off the loan. It took them 30 f'n days to get me the title. The guy I sold it to was worried just like you are. I talked to him several times over that month and all I could say was "its out of my hands". When I got the title I got it to him the next day and he was very relieved.
I'm not saying you're not screwed but sometimes it can take a while depending on the lien company.
I'm not saying you're not screwed but sometimes it can take a while depending on the lien company.
Thread Starter
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Cruiser
Joined: Oct 2011
Posts: 123
Likes: 1
From: Hawaii
So if the bank doesn't get paid, they'll go to the guy I bought it from. He tells them he sold it, this can't be legal?
We talked about it. The bank had the title, they'd get it and send it out. I'm just realizing how vulnerable I've made myself.
We talked about it. The bank had the title, they'd get it and send it out. I'm just realizing how vulnerable I've made myself.
Tourer
Joined: Aug 2005
Posts: 454
Likes: 0
From: St. Louis
Ya the bank owns the bike. If they dont get payments on it they dont give a **** who you are. You have their bike. I would just give the guy a call to make sure he is doing his part. But it takes time for a the paper work ti go through.
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Banned
Joined: May 2008
Posts: 4,790
Likes: 3,003
From: NJ Shore and IRB Fla
I bought a financed bike about a month ago. It was financed thru HD. Phone calls to HD finance and a great seller made the process fairly easy-out of state too.
It took HD over 2 weeks to send the title.
I did send a registered bank check to HD in my name for protection.
Hope you'll be OK. I hate thieves.
It took HD over 2 weeks to send the title.
I did send a registered bank check to HD in my name for protection.
Hope you'll be OK. I hate thieves.
Last edited by mjrfd99; Apr 5, 2012 at 05:56 PM. Reason: drunk again LOL
Cruiser
Joined: Oct 2009
Posts: 107
Likes: 6
I went through this same deal 10 years ago on a Harley. The good part was that the owner had all of his original dealer documents, had HD finance, had the payment book or schedule, balance, etc. I think I sent a check direct to Harley after I talked to them. It still took more than a week. If your guy has to deposit your money and write another check to his financer it could be extra time.
Hope this works out well, try not to go off the deep end before you confirm that there's something wrong, might just be normal slow-assed bureaucracy.
Had something a little off that topic happen, I bought another bike from a guy who lent me his tag to drive the bike home. He held the title and would send it when I mailed his tag back. Well, I mailed it on a Sunday at the only post office open that day just to get it back ASAP. Unfortunately, no signature or return receipt. The guy denies getting the tag in the mail, goes to DMV and claims its lost, pays 50 bucks for that manuever and gives me a hard time about it. I had to pay the guy his fifty, he actually had the DMV paperwork, and got my title. Took an unnecessary extra 8 days.
Moral of the story, pay for the bike, get the bike and title in hand, shake hands and say goodbye. Waiting for somebody to send/get/mail/payoff or otherwise muddy a clean deal usually causes a lot of unnecessary trouble and pissed off people.
Hope this works out well, try not to go off the deep end before you confirm that there's something wrong, might just be normal slow-assed bureaucracy.
Had something a little off that topic happen, I bought another bike from a guy who lent me his tag to drive the bike home. He held the title and would send it when I mailed his tag back. Well, I mailed it on a Sunday at the only post office open that day just to get it back ASAP. Unfortunately, no signature or return receipt. The guy denies getting the tag in the mail, goes to DMV and claims its lost, pays 50 bucks for that manuever and gives me a hard time about it. I had to pay the guy his fifty, he actually had the DMV paperwork, and got my title. Took an unnecessary extra 8 days.
Moral of the story, pay for the bike, get the bike and title in hand, shake hands and say goodbye. Waiting for somebody to send/get/mail/payoff or otherwise muddy a clean deal usually causes a lot of unnecessary trouble and pissed off people.