Think Twice: The Truth Behind the Vermont Title Loophole
Download MP3Episode Show Notes / Description:
- If you have a vehicle with a title problem, you've probably heard of various methods online for obtaining a title, such as the Vermont loophole, abandoned vehicles, and mechanic's liens.
- In this episode, we'll discuss why some of the information you may have heard online could be misleading, and why certain methods could get you into trouble.
- Key topics covered:
- Vermont Loophole:
- How the Vermont loophole works, and why it's been an urban legend for over 20 years.
- The process of getting a Vermont registration and using it to obtain a title in your state.
- The issues with this loophole, such as high tax rates, potential resistance from DMVs, and fraud concerns in certain states like Florida.
- Example: Florida's fraud alert on Vermont registrations and additional documentation requirements.
- Bonded Title:
- What is a bonded title, and how it works in states like Florida.
- Eligibility requirements and restrictions for bonded titles.
- The pros and cons of using this method compared to the Vermont loophole.
- Court Order Title:
- An alternative to dealing with DMV restrictions: the court order title process.
- How to petition for a court order title, the required documentation, and how it bypasses DMV regulations.
- Mechanics Liens:
- Why private citizens cannot file for a mechanic’s lien and what this process really involves.
- The complexities of filing a mechanics lien and the requirements for a licensed automotive facility.
- Abandoned Vehicle:
- The truth behind claiming an abandoned vehicle.
- Why finding an abandoned vehicle does not give you legal ownership, and the process involved in declaring a vehicle abandoned.
- Vermont Loophole:
- What you can do instead:
- We'll share safer, legal methods to obtain a title without falling for scams or loopholes that could put you in jeopardy.
Tune in for the full breakdown of title myths and the best solutions for getting your vehicle title legally and safely.
