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post #1 of 16 (permalink) Old 04-07-2010, 10:47 PM Thread Starter
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Title Question

I traded for a 03 vn 750, straight trade for an 06 KFX 400. I traded with a guy that had not done the title work on the bike. Turns out the actual owner that the guy purchased the bike from never finished the lien release, just need notarized. Is their any way to get this bike titled without the guy I traded with having to title the vehicle. He never signed the title, I didn't sign the title. It does say that their is a lien on the original title, but I do have a partial but not full lien release (lacking notarized stamp from the loan company).

Can i contact the original bike owner and get a bill of sale from him like I purchased the bike directly from him?

Should I ask the guy I traded to do the title work?

Is their a better way?


Thanks in advance.
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post #2 of 16 (permalink) Old 04-07-2010, 10:50 PM
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You probably get better help from the dmv office.

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post #3 of 16 (permalink) Old 04-07-2010, 10:57 PM
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try these guys... they got me a title for my 92vn750
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post #4 of 16 (permalink) Old 04-07-2010, 11:01 PM Thread Starter
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They are b's here in Missouri. Called them today, they said that the guy that purchased the bike needed to get a lien release notarized by the company that had the lien. Then the guy I traded needs to title the motorcycle, then he can sign it over to me with a bill of sale and the original notarized lien release. Man Im learning lots, make sure all this stuff is ready when you walk away. The company that supposedly had the lien did tell me that the title was clear, good news I guess, they just cant give me any info.
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post #5 of 16 (permalink) Old 04-08-2010, 10:53 AM
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If it were me I would look into transfering the bike from the current title holder to yourself and skip the guy you bought it from since he never had it in his name.
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post #6 of 16 (permalink) Old 04-08-2010, 11:07 AM
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The guy I bought my first bike from never registered it in his name either. But he had signed the title when he bought it. When I went to DMV, I had to pay his registration fee as well as mine.

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_____________________________________________
"Black Beauty"
1989 VN750 acquired December, 2008, 6,711 miles
Currently 23,298 miles

Old Blue
2001 Honda CMX250 Rebel acquired July, 2008

1987 VN750 project bike, acquired August, 2009, 33,000 miles and balancer sticking out of the case, currently awaiting attention and parts
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post #7 of 16 (permalink) Old 04-08-2010, 02:44 PM
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If you can locate the actual owner, and he is cooperative, you are in luck. Otherwise, you probably have serious problems. At least you would here in AZ, as you "bought" the bike from someone who didn't actually own it. When buying a used vehicle, The FIRST thing I do is make sure the paperwork is in order, and the title gets signed and notarized in front of me. Since the seller has to produce ID, I know that it is actually their name on the title. I also will not buy (or sell) a vehicle with a lien on the title, and a lien release letter from the former lienholder. If I am the seller, I take the title and the letter to motor vehicles and get a clean title, and if I am the buyer, I expect a seller to do the same. Jerry.

I am a motorcyclist, NOT a biker.


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post #8 of 16 (permalink) Old 04-08-2010, 02:52 PM
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Am I right in assuming a lien is an outstanding finance arrangement or similar where the lender has legal title to the goods utill the last payment is made? What we in the Old World call Hire Purchase.

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post #9 of 16 (permalink) Old 04-08-2010, 05:07 PM Thread Starter
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Vulcan Fan is the route im taking. I visited the DMV and they said as long Is I get a lien release from HRSI (Now HSBC) I will be able to title the vehicle. Since the guy I got it from never signed or dated the title, I can sign and date it and get this taken care of. I will always make sure the title is squared away before buying a vehicle again. They always seem to give you the run around. But the seller has been super easy and willing to do whatever it takes.
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post #10 of 16 (permalink) Old 04-08-2010, 05:26 PM
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Try to confirm what the registration fees are. It seems common occurrence that people let bikes go because they become to costly to register. I mention this only because I trusted the seller when he told me how much was owed and ended up paying about $500.00 to bring it up to current.
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