Ok whats wrong with this pic

[Just Bill]

If it comes to the point I have to sell it I have to send him a certified letter and he has to contact any loan office that has it for collateral and they have to contact me. If he does not and defaults on the loan they can charge him with theft. I realy hope it doesn't come to that.

If he's gonna be stupid - he better be tuff.

 

[CBW1999]

In Vermont, tractors are one of several sale items that fall under the UCC (uniform commercial code) The financing company files with the state and a record of the transaction is kept. So, instead of a "title" being issued- this is used for the protection of the financier. In the loan paperwork the small fee is added so the consumer pays for the registration.

When the note is paid off, the record is removed. Our state government web site (VT) allows access to these registrations as a public record. I think it is under the secretary of state section.

Perhaps other states have similar requirements, but I think it is based on federal rules

 

[Mike Costello]

When I had my tow service (Calif.) I was constantly doing lien sales on vehicles, mostly abandoned ones. The DMV required lien sales before any vehicle could be scrapped out or sold. The main reason for the lien sale is to let all parties of record know that the item in question is going to be sold for the charges against it. They then have 30 days to respond which also includes the current owner and pay the fees due. As the garagekeeper, I was entitled to reasonable towing and storage fees plus any repair charges. Most people would never respond, so depending on the vehicle's condition, I either sold it for the charges or scrapped it. In the end, doing lien sales involved time consuming paperwork, maintaining a storage lot for all the iron, and then disposing of unclaimed vehicles. Believe me, lien sales are not easy money. I would have rather had the owners pay me for my charges and take thier vehicle off my property. I've even gone so far as to offer free towing home (if the distance was reasonable) just to end the problem. Mike.

 

[jlsmith]

When I had my tow service (Calif.) I was constantly doing lien sales on vehicles, mostly abandoned ones. The DMV required lien sales before any vehicle could be scrapped out or sold. The main reason for the lien sale is to let all parties of record know that the item in question is going to be sold for the charges against it. They then have 30 days to respond which also includes the current owner and pay the fees due. As the garagekeeper, I was entitled to reasonable towing and storage fees plus any repair charges. Most people would never respond, so depending on the vehicle's condition, I either sold it for the charges or scrapped it. In the end, doing lien sales involved time consuming paperwork, maintaining a storage lot for all the iron, and then disposing of unclaimed vehicles. Believe me, lien sales are not easy money. I would have rather had the owners pay me for my charges and take thier vehicle off my property. I've even gone so far as to offer free towing home (if the distance was reasonable) just to end the problem. Mike.

Ur right. there is alot of paper work and its verry time consuming. Its lot easier if he would just come pay his bill let me deliever the tractor and we could all move on.

 

[AGGIE00]

Ur right. there is alot of paper work and its verry time consuming. Its lot easier if he would just come pay his bill let me deliever the tractor and we could all move on.

How much is the bill?

 

[jlsmith]

How much is the bill?

he only owes $1095.00

 

[jinman]

he only owes $1095.00

Wow! That's incredible for all the work you did. I'd be in there with payment in any form you wanted with a box of donuts and a whole bag full o' thank you.

 

[wvpolekat]

I did a mechanics/storage lein in Texas many years ago. If I recall correctly here is how it goes:

1) Do a title search to get the legal owner and any leinholders info.
2) Mail certified letter that storage charges are accruing and they have 30 days to pick it up and pay the bill
3) After 30 days, you take your stack of paperwork to a title service or the courthouse and file it.
4) You get a title.
5) Sell vehicle for what is owed. If you sell it for more, that goes to the previous owner.

I assume it is basically the same for something without a tractor. Not sure about finding the leinholder on one.

 

[jlsmith]

I did a mechanics/storage lein in Texas many years ago. If I recall correctly here is how it goes:

1) Do a title search to get the legal owner and any leinholders info.
2) Mail certified letter that storage charges are accruing and they have 30 days to pick it up and pay the bill
3) After 30 days, you take your stack of paperwork to a title service or the courthouse and file it.
4) You get a title.
5) Sell vehicle for what is owed. If you sell it for more, that goes to the previous owner.

I assume it is basically the same for something without a tractor. Not sure about finding the leinholder on one.

Pretty much eccept there is no title on tractors.

 

[Alpocat]

I haven't been everywhere and done everything in my short time here on this Earth, but I have found out one thing. What comes around goes around. Call it Karma or Fate or whatever you want to call it, but my thinking is this dude has more problems than his tractor. I'm not trying to judge the guy, but just about everyone that I have known that tries to pull this kind of stuff does it everywhere with everything. I have a feeling that he can't get the money to pay you because his "do unto others" bill is past due.

I really hope it works out for you jlsmith. You are a stand up guy.:thumbsup: