Lost Vehicle Title Service Business

So over 20 years of processing car titles, we’ve seen quite a bit happen in the car title replacement service business. People that need lost titles really will do anything to get a title, and that includes allowing a third-party agent to do things it may not be 100% legal.

Changes in Laws and Markets
There’s been laws that have changed, markets have changed, even the rules that the DMV’s have of handing out paperwork have changed. Some loopholes that existed before don’t exist anymore. There’s dozens of companies that have been shut down that are out of business.

Indianapolis Case
There’s a case in Indianapolis where one company was using mechanic’s liens to get titles and there were dozens of people arrested. There were hundreds of vehicles that had their titles revoked because that illegal process was used.

Risks of Transferring Titles to Third Parties
Some services require that you transfer the car to them, you sign it over to them, they title it in their name, and then they sell it back to you. They may have a way to title in their name, but you don’t know if that process is legal. And if it is not legal, they own the car. So if they’re shut down or if there’s some claim against them for illegal operations at the moment that happens, they’re going to be the legal owner of your car. And if that is needed to pay for claims or pay for fines or pay for penalties, then your car might be used to satisfy them.

Observations of Illegal Schemes
So like I said, in 20 years of seeing car titles being processed, we’ve observed many, many illegal schemes in all states. Nevada had a couple company shut down, Indianapolis, there’s a few companies in Florida that do mechanic’s liens that no longer do that.

Advice for Car Owners
So make sure that if you’re having somebody other than yourself process your car title, that you understand the process, that they’re willing to explain it to you in detail before you go ahead and give them your money.

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