Any Nebraska residents here?
I'm looking at purchasing a car that the owner never titled in his name. The title is a Nebraska title which the previous owner has signed off on but with no purchaser info filled in. Do Nebraska titles have to be notarized? I know this is sketchy, I'm just not sure it's worth taking a chance on. I did some research but am getting conflicting info. It's a 2005 Nebraska title, the car is now residing in Colorado and I live in Indiana. Thanks
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A lot can happen in 15 years-divorce, bankruptcy, etc. There could easily be claims against it you won't know about until you try to title it.
He is also trying to screw the IRS and the state. If the seller won't title it, walk. |
My experience is this is pretty common for project cars not to be titled once sold, so often impossible to tell how many actual owners there have been. I personally have not ever encountered a problem.
with that said, completely agree with William there could potentially be claims on the car, but that could be covered in a bill of sale where current owner is liable for any claims on the title and you could always escrow the purchase price until it is titled in your name if it's a car you really want. At an absolute minimum, I would get a notarized bill of sale where Seller guarantees clean title. |
Yes it is a project car and not a ton of money to where a guy could almost part it out for the agreed price but I would hate to see that happen because it still has it's original drive train. I'll talk to the seller again and see if he is willing to get it in his name. If not, it's a no go. Thanks guys.
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