Example:
Seller signs title and hands it to the buyer, receiving a check in exchange.
Seller mail VTR-346 at that time.
Surprise: the check bounces !
“You scammer ! I’m going to take you to court”.
“No please, it was an emergency situation. My granny suddenly needed a new wooden leg! No scam intended; here’s car, keys, and title”
Another possible surprise: buyer finds the transmission is a cheap aftermarket replacement, not the advertised pristine OEM.
“That’s fraud! I’m a lawyer, see you in court!”
“No, please! Here’s your check and an extra $500 for your trouble. I’ll take the car back”
Plenty of reasons for a VTR to be filed when a property transfer has not taken place instead.
Seller signs title and hands it to the buyer, receiving a check in exchange.
Seller mail VTR-346 at that time.
Surprise: the check bounces !
“You scammer ! I’m going to take you to court”.
“No please, it was an emergency situation. My granny suddenly needed a new wooden leg! No scam intended; here’s car, keys, and title”
Another possible surprise: buyer finds the transmission is a cheap aftermarket replacement, not the advertised pristine OEM.
“That’s fraud! I’m a lawyer, see you in court!”
“No, please! Here’s your check and an extra $500 for your trouble. I’ll take the car back”
Plenty of reasons for a VTR to be filed when a property transfer has not taken place instead.
Statistics: Posted by Thesaints — Sun Aug 18, 2024 4:42 pm — Replies 11 — Views 529