Legal Question in Civil Litigation in California
Ownership/Title question.
Greetings,
I purchased a Classic Car in 11/00 from a private
party whose Credit Union was the Lien Holder. He
had previously purchased it from a now defunct dealer
in January of 1999.
I registered it and now hold a title.
Now the owner once removed from the above parties
has emerged (from prison) saying he has the Original
Title and never signed it over to anyone.
There is no way to find out how the dealer got it(so
far) but an Attorney has told me I have nothing to
worry about. That I am a ''Bonifide Purchaser For
Value'', (I believe thats the term he used). I have
made substantial improvements to the vehicle so
naturally I am quite anxious. What should I be
worrying about here?
Sincerely,
--name removed--C.--name removed--
1 Answer from Attorneys
Re: Ownership/Title question.
Several years ago when I researched this issue, California law was that title to a car was only an indicia of ownership. You have the car and I presume a title issued by the state of California. This should be sufficient to stop his claims. If not contact me with more information.