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Interesting reading on a scam

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Old Mar 4, 2010 | 08:07 PM
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Default Interesting reading on a scam

From KHOU in Houston.

Note the National Insurance Crime Bureau.

MAGNOLIA, Texas—A man says he found his dream vehicle on the Internet and has experienced nothing but nightmares ever since purchasing it last December.

“It’s very hard to sleep knowing you’ve wasted $7,500,” said Tom Stutz, while seated in the pickup truck that remains perpetually parked in the driveway of his Magnolia home.

“I can’t drive it anywhere because no one will let me register it,” Stutz said.

Stutz said he always wanted a red pickup truck, so when he saw one for sale on Craigslist he just couldn’t resist. After purchasing the vehicle, he was handed what looked like an original title, but when Stutz tried to get the truck registered, he ran into trouble.

“They told me they can’t give me tags or a new title because the vehicle had been junked,” he said.

According to the Texas Department of Insurance, the truck received flood damage during Hurricane Ike, and was declared a total loss by the insurance company. The insurance company obtained a salvage title and sold the truck to a junk yard.

Somehow, the vehicle was resold with an original title by a company that advertised on Craigslist. Their advertisements vanished soon after the sale, Stutz said.

“And now I’m stuck and have no idea what to do,” he said.

Attorney Jason Gibson, with the Gibson Law Firm, is handling Stutz’s case. He’s also aware of other complaints from consumers who’ve been duped.

“At the root of it, it’s pure greed. It’s people trying to make a buck. They’re taking advantage of tragedies,” Gibson said.

The National Insurance Crime Bureau has a free on-line database where consumers can learn the history of vehicles before making a purchase.

A spokesperson with the Texas Department of Insurance said title fraud involving vehicles damaged during hurricanes Ike and Katrina has become a major problem, with hundreds of consumers making a purchase and receiving bogus titles.
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Old Mar 4, 2010 | 09:53 PM
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His only recourse is to basically get another vin tag # from a vehicle and go from there....

gotta be a way....

what a waste, over a piece of paper of no intrinsic value or true meaning....

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Old Mar 5, 2010 | 12:21 PM
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I don't understand people rebuild salavage cars all the time. They never lose that mistick of being salvage per the title which is with them from there on. But i thought that you just needed an inspection where they climb all over it to verify that it was safe then you were good to go. I see Corvettes for sale that are a year or two old for ten grand on the internet with salvaged titles and they say rebuildable.
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Old Mar 5, 2010 | 12:38 PM
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Originally Posted by 69MA
I don't understand people rebuild salavage cars all the time. They never lose that mistick of being salvage per the title which is with them from there on. But i thought that you just needed an inspection where they climb all over it to verify that it was safe then you were good to go. I see Corvettes for sale that are a year or two old for ten grand on the internet with salvaged titles and they say rebuildable.
I think the difference here is not that it has a salvage title, but the fact that it has been junked at a junk yard.
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Old Mar 5, 2010 | 12:58 PM
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Originally Posted by Smadoo
I think the difference here is not that it has a salvage title, but the fact that it has been junked at a junk yard.
I would think that the junk yard in question could issue a salvage title.

But don't kid yourselves people - our entire motor vehicle system is just the enforcement arm of the "Insurance Rackets".

"Public Safety" is only a "good thing" because it reduces claims. And if you believe otherwise you still live in that special place where G.W. chopped down a Cherry Tree.
-W

Last edited by Clams Canino; Mar 5, 2010 at 01:00 PM.
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Old Mar 5, 2010 | 01:09 PM
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Originally Posted by mrvette
His only recourse is to basically get another vin tag # from a vehicle and go from there....

gotta be a way....

what a waste, over a piece of paper of no intrinsic value or true meaning....


Not an expert, but seems to me his only recourse is to part the truck out.
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