Bankruptcy auction in Los Angeles
#16
#17
I wouldn't assume that the titles have been cleared. Years ago I bought a Quattroporte at an IRS auction. The smiling agents assured me that all was well. Took a little effort & fooling around to
get it registered as the paperwork still showed a lein holder and the DMV wouldn't register it to me until I did all the legwork & produced papers from
the listed lein holders that they had been satisfied.
The IRS had not furnished me with them. I had to get them on my own.
There were a few tense days until I had everything. Make sure you do your homework first.
get it registered as the paperwork still showed a lein holder and the DMV wouldn't register it to me until I did all the legwork & produced papers from
the listed lein holders that they had been satisfied.
The IRS had not furnished me with them. I had to get them on my own.
There were a few tense days until I had everything. Make sure you do your homework first.
#20
The auction company has a 10% buyers fee and they are collecting 9.75% as sales tax unless you are a dealer/have resale #, Some interesting stuff there. I may just have to go take a look Inspection on Thursday, Friday, sale Sat 22nd @ 11:00 .
#21
I knew this was munck. Some
Of those items it cars are probably stolen. There was a time when this guy was giving people nearly free work on thier cars, and what essentially happened was that others were being rippe off because those free work people were defending the criminal.
Of those items it cars are probably stolen. There was a time when this guy was giving people nearly free work on thier cars, and what essentially happened was that others were being rippe off because those free work people were defending the criminal.
#22
Just because the state is selling something does not provide clear title on a stolen vehicle, or even provide a buyer legal protection in the event something is later found to be stolen. I am aware of one party who bought a car at a police auction, it was found later to be a stolen vehicle. He got sideays with the local police on some small violation, he was then threatened with proscution under "possession of stolen property". After retaining a lawyer, spending a lot of cash, the state/locals decided not to pursue it, they just confiscated it and held it as material evidence. I don't know if he ever got it back, I know he was still complaining about the cost of the lawyer a couple of years later...
I know where there is a car today I would really like to buy, really quite cheap, but it has no title...the seller appears to be a standup guy, he has been in the car business for a long time....but, if it were easy and trouble free I have to believe it would already have a title and would be on the market for more $$$. Buyer beware. I won't buy a car without a good title, I have also been burnt, not as bad as the guy in this note....but painful never the less...
I know where there is a car today I would really like to buy, really quite cheap, but it has no title...the seller appears to be a standup guy, he has been in the car business for a long time....but, if it were easy and trouble free I have to believe it would already have a title and would be on the market for more $$$. Buyer beware. I won't buy a car without a good title, I have also been burnt, not as bad as the guy in this note....but painful never the less...
#23
Been selling Twinkies on Ebay,
have some extra cash right now.
Rennlist Member
have some extra cash right now.
Rennlist Member
Joined: Jan 2010
Posts: 6,746
Likes: 142
From: Working the street corner for $$$
I bought the chrome wheels and a the S4 calipers on my car from Munck years ago. I was in that hangar. He was working on a supercharger system not unlike Faussett's system, but his had the unit turned around so the belt drive was close to the front of the block, instead of cantilevered out. He showed me some anodized brackets, pulleys and mounts that were extremely clean and seemed well thought out.
#24
The widebody is apparently a 6.0L supercharged car.
http://web.archive.org/web/200211231...rojekt928.com/
http://web.archive.org/web/200211231...rojekt928.com/
#26
In this area (Houston) you need to have a valid title to scrap a chassis, and tecnincally you may need a title to protect yourself on engine and transmission sales if there are questions about clear ownership or a claim that an engine may be out of a stolen car...
#27
That's why I said part it out quick!
#28
Let's play this out to the next level. I buy a car without a clear title. I remove the engine and transmission and stick the chassis someplace out in the woods. I then custom build a chassis (hot rod) then build a custom body out of old body parts collected from various flea markets. I use the engine and transmission from said car in my constructed vehicle. I then want to title the vehicle and get plates so I can drive it. I take it to the state police inspection site. Their first question? Bills of sale(s) for all the piece parts, and the first thing they do with those is take the existing serial numbers off the engine, transmission, frame, and body and run against the stolen vehicle database. If all is clear, then you may be OK. But, there are recent examples of vehicles and parts of vehicles being found by this method as much as 40 years after they were stolen, and after being titled multiple times. You will have a problem if there is an issue..... none of us need these sorts of problems. What may be driving this to some extent are all the databases that are now being combined into national databases that have a long reach, both geographically speaking as well as covering a long period of tme.....also, there are some states/localities that are farming out work to independent consultants, who happen to get paid a percentage of property recoveries.... they turn over rocks that have not been turned in a very long time, and they are both agressive and not likely to look the other way if a comission is involved....
#29
It's interesting to see this stuff come up for auction after all these years.
His race car was pretty badass as I recall.
Widebody, full roll cage, supercharged 6 liter, etc.
As far as stolen parts, my understanding is that most of his "theft" involved
collecting deposits for supercharger kits, and then keeping the money,
and moving on to a new group of enthusiasts to scam. I don't recall him
stealing any cars or engines. He just scammed the Mustang owners,
then the 928 owners, then the Hummer owners, and onwards to
something else...
There was a different scammer out there actually stealing
people's cars.... This guy:
His race car was pretty badass as I recall.
Widebody, full roll cage, supercharged 6 liter, etc.
As far as stolen parts, my understanding is that most of his "theft" involved
collecting deposits for supercharger kits, and then keeping the money,
and moving on to a new group of enthusiasts to scam. I don't recall him
stealing any cars or engines. He just scammed the Mustang owners,
then the 928 owners, then the Hummer owners, and onwards to
something else...
There was a different scammer out there actually stealing
people's cars.... This guy: