The Hidden Risks: Car Titles Not in the Owner's Name with a Bill of Sale

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Episode Show Notes: 
  • Introduction to Curb Stoning (Title Jumping or Skipping):
    • A common used car scam where the seller skips proper title transfer procedures.
    • Often involves flipping a car purchased cheaply from auctions or private sellers.
    • The title is signed over to the new owner, but the title isn't transferred through the DMV, making it a voided title.
  • How Curb Stoning Works:
    • The seller buys a car at a low price, signs over the title, but doesn't get it properly transferred to their name at the DMV.
    • The vehicle is resold to you with the improperly signed title.
    • The issue is discovered when you try to register the car at the DMV.
    • The DMV may reject the title or even confiscate it, causing legal and registration problems.
  • The Consequences:
    • Curb stoners don’t have dealership licenses or official businesses.
    • They may advertise on platforms like Craigslist, Facebook Marketplace, or OfferUp.
    • They meet buyers in non-official locations like intersections or parking lots, take cash, and give the faulty title.
    • You may face a revoked title, liens, or discover the car is a salvage, leading to extra legal hoops and issues.
  • Why It's Called Curb Stoning:
    • Sellers are referred to as "curb stoners" because they don’t have official dealerships and sell vehicles directly from the curb.
    • They operate informally, without licenses or proper business structures.
  • Buyer Beware:
    • Always check if the seller’s name on the title matches their ID.
    • If there's a mismatch, avoid the car—it’s likely to cause title problems, even if it seems like a bargain.
  • Expert Guidance Available:
    • Access one-on-one consultation with licensed experts for advice on title-related issues.
    • Get expert advisement on options and how to resolve problems related to buying a car with a skip title.
  • Takeaway:
    • Don’t buy cars with skip titles. Even if the price seems too good to pass up, the risk of legal issues and title problems is not worth it.
Related Resources:
  • Explore more videos on title scams, legal advice for car buyers, and how to avoid fraudulent deals.
The Hidden Risks: Car Titles Not in the Owner's Name with a Bill of Sale
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