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Bob Dole
03-12-2013, 05:08 PM
Not really sure what to do or what the appropriate timing is, so Bob Dole is going to throw this out there and see what happens.

Bob Dole sold his 2005 VTX 1300R last July to a friend of a friend for $4000 and financed the sale himself. Contract and payment schedule in place. Insurance required with Bob Dole named as lien holder, but never verified. You can probably see where this is headed...

Final payment is due on March 22. Unfortunately, Bob Dole learned yesterday morning that the buyer crashed it near Hot Springs, AR last Saturday, and is currently in a coma in a Little Rock hospital and is classified at present as quadriplegic. This is all coming to Bob Dole thirdhand or via Facebook.

Bob Dole has no idea about the condition of the bike or its location, and is not sure whether that info is even on the radar of any of his family (ex-wife and adult children). Bob Dole does not know any of those people.

So what is the acceptable protocol here? At what point is it appropriate for a lien holder to ask about the property that is still technically his and titled in his name? (Yeah, yeah...probably should have processed title and named Bob Dole as lien holder. Shoulda, coulda, woulda) If it is in an impound in Hot Springs, should Bob Dole take the title and go retrieve the damned thing and pay whatever storage charges have accrued now? Is the lien/title holder liable for those accrued charges if the buyer doesn't make it, the company sells it, and the selling price doesn't cover the accrued charges? WTF to do?

ChiefRocka
03-12-2013, 05:10 PM
Final payment is how much?

Bob Dole
03-12-2013, 05:12 PM
Final payment is how much?

Still owes $600.

ChiefRocka
03-12-2013, 05:14 PM
Bottom line if you're only out $600 I would chalk one up to life and not pursue the ghost bike. Odds are the bike is worth less now.

theelusiveeightrop
03-12-2013, 05:14 PM
Suggest PMing Bob Dole for advice.

Brock
03-12-2013, 05:14 PM
Maybe see what the common friend knows about it. The bike is probably in a tow yard somewhere.

Bob Dole
03-12-2013, 05:16 PM
Bottom line if you're only out $600 I would chalk one up to life and not pursue the ghost bike.

Bob Dole has no idea of the bike's condition. Not clear whether he ran off the road, laid it down on pavement, etc. It might have $500 damage, or it might be a total loss. Technically, it is still Bob Dole's property, so Bob Dole is just looking at the options.

Plus, a 1.3L motor would make for an awesome go-cart.

3rd&48ers
03-12-2013, 05:17 PM
I would also just chalk it up and realize it could have been you.

COchief
03-12-2013, 05:17 PM
Took a risk financing it yourself, not sure why anyone would ever do that but obviously a moot point.

For the seriousness of the injuries and the amount of $ left I think the right move is prepare to wipe your ass with it and if things turn out better and the opportunity is right to bring it up you can. Or you can put your buddy up to it. Sounds like the guy has serious problems to worry about, I'd have a hard time going after it at this point.

Bob Dole
03-12-2013, 05:19 PM
Maybe see what the common friend knows about it. The bike is probably in a tow yard somewhere.

Bob Dole and that friend just went and put padlocks on his trailer to keep the idiot meth head woman he was letting stay there from pawning all his stuff. (She has already done this to another acquaintance who turned himself in for failure to appear and got a week in the pokey.)

He knows no more than Bob Dole at the moment.

Frazod
03-12-2013, 05:21 PM
Sounds like the guy's fucked. It's just $600. I'd let it go.

KCUnited
03-12-2013, 05:21 PM
I'd find the bike and go from there. If it's ****ed, decide whether it's worth pursuing. If it's salvageable, it might be worth recovering.

3rd&48ers
03-12-2013, 05:24 PM
Did he have collision on it? If he did, it may belong to the insurance company

Bob Dole
03-12-2013, 05:26 PM
Took a risk financing it yourself, not sure why anyone would ever do that but obviously a moot point.

For the seriousness of the injuries and the amount of $ left I think the right move is prepare to wipe your ass with it and if things turn out better and the opportunity is right to bring it up you can. Or you can put your buddy up to it. Sounds like the guy has serious problems to worry about, I'd have a hard time going after it at this point.

Bob Dole isn't talking repo. Bob Dole is concerned that nobody with the ability to do anything about it is thinking about the bike or the accruing charges. Bob Dole is off work for Spring Break, and it would not be a big deal to hitch up the trailer and go get the thing out of prison and stop the charges. He or his family can pay the $600 and have it back. That isn't an issue.

Bob Dole
03-12-2013, 05:27 PM
Did he have collision on it? If he did, it may belong to the insurance company

Per contract, he was to have full coverage with Bob Dole listed as the lien holder. Bob Dole did not bother to verify that, however.

3rd&48ers
03-12-2013, 05:29 PM
Per contract, he was to have full coverage with Bob Dole listed as the lien holder. Bob Dole did not bother to verify that, however.

If you get the bike and they file a claim then the insurance company is going to want their bike even if it's junk

mlyonsd
03-12-2013, 05:34 PM
I'd probably hope he did the right thing and put you on as a lien-holder. If you are you'll get your money from the insurance company.

If not I'd probably just eat the $600 and chalk it up to a lesson earned.

JASONSAUTO
03-12-2013, 05:50 PM
Bob Dole isn't talking repo. Bob Dole is concerned that nobody with the ability to do anything about it is thinking about the bike or the accruing charges. Bob Dole is off work for Spring Break, and it would not be a big deal to hitch up the trailer and go get the thing out of prison and stop the charges. He or his family can pay the $600 and have it back. That isn't an issue. this is exactly what I would do.
Posted via Mobile Device

JASONSAUTO
03-12-2013, 05:51 PM
If you get the bike and they file a claim then the insurance company is going to want their bike even if it's junk

Maybe, maybe not.
Posted via Mobile Device

Baconeater
03-12-2013, 06:08 PM
Bob Dole isn't talking repo. Bob Dole is concerned that nobody with the ability to do anything about it is thinking about the bike or the accruing charges. Bob Dole is off work for Spring Break, and it would not be a big deal to hitch up the trailer and go get the thing out of prison and stop the charges. He or his family can pay the $600 and have it back. That isn't an issue.
So what is the issue? Is Bob Dole just concerned that Bob Dole is going to get stuck with the storage charges?

mikeyis4dcats.
03-12-2013, 07:06 PM
can the esteemed senator from the state of Kansas not call the impound lot and inquire as to the general status and condition of the bike? i would think you could fax them a title copy to verify ownership to grease the tongues.

NewChief
03-12-2013, 07:53 PM
can the esteemed senator from the state of Kansas not call the impound lot and inquire as to the general status and condition of the bike? i would think you could fax them a title copy to verify ownership to grease the tongues.

I think the impound lot is merely hypothetical at this point, and Bob Dole is asking for advice in breaching the subject of the bike's actual wherabouts with the guy's friends and family without coming off as an asshole only concerned about the well being of his bike.

Phobia
03-12-2013, 08:08 PM
I would contact the authorities who had jurisdiction over the accident. They'll tell you exactly what to do and they'll probably even grease some wheels for you. I'm sure this isn't the first time that has happened and somebody wanted to protect their investment without seeming insensitive to the family.

JASONSAUTO
03-12-2013, 08:12 PM
I would contact the authorities who had jurisdiction over the accident. They'll tell you exactly what to do and they'll probably even grease some wheels for you. I'm sure this isn't the first time that has happened and somebody wanted to protect their investment without seeming insensitive to the family.
Good advice
Posted via Mobile Device

Iowanian
03-12-2013, 08:46 PM
I guess my immediate thought is to step back and evaluate the situation.


If this were still technically Bobdole's bike, and bobdole had it insured under his name....would bobdole have any potential liability? With that severe injury, people will be looking for people to pay for things for a long, long time.

It kind of makes me wonder if Bobdole should sit back in the weeds and see how this plays out and consider $600 a good investment in not getting involved in further turmoil.

I'm not a lawyer, it's just something to consider.

As to payment....I'd be tempted to leave it alone for a while. The family has enough concern. If it were mine and I were concerned about the property, I'd probably contact the sheriff's office in the county of the accident. They should know where it was towed after the accident.

rtmike
03-12-2013, 09:41 PM
I guess my immediate thought is to step back and evaluate the situation.


If this were still technically Bobdole's bike, and bobdole had it insured under his name....would bobdole have any potential liability? With that severe injury, people will be looking for people to pay for things for a long, long time.

It kind of makes me wonder if Bobdole should sit back in the weeds and see how this plays out and consider $600 a good investment in not getting involved in further turmoil.

I'm not a lawyer, it's just something to consider.

As to payment....I'd be tempted to leave it alone for a while. The family has enough concern. If it were mine and I were concerned about the property, I'd probably contact the sheriff's office in the county of the accident. .


That's zackly what I was thinking. I'd be scared to death of having my name attached to it. People really turn sideways when someone's life is lost or permanently altered in my experience anyways.

Question is what do you know about the title as fact? Was it ever even edited? It very well could be entirely still in your name?

Bob Dole
03-12-2013, 10:11 PM
The $600 isn't an issue at all. Bob Dole just wants to make sure that $600 doesn't turn in to $3600 because Bob Dole the person who still holds title did not act.

While the buyer is not a "close friend", he is more than "someone Bob Dole met once", so Bob Dole is concerned about long term effects of his action(s).

Bob Dole will likely try to locate the vehicle tomorrow and retrieve it. Seems to be the safest course of action at this point for all parties.

Phobia
03-12-2013, 11:18 PM
The $600 isn't an issue at all. Bob Dole just wants to make sure that $600 doesn't turn in to $3600 because Bob Dole the person who still holds title did not act.


It won't. Those tow companies don't actually expect the $40 a day unless they're getting it from the insurance company. If they're dealing with an individual and the scrap value of the vehicle won't cover the entire tow/storage bill then they generally just settle at that number.

Bob Dole
03-14-2013, 12:08 PM
Just got a call that they are planning to take the buyer off life support tomorrow. Still no mention of the bike or how exactly the accident happened. Ugh.

tooge
03-14-2013, 12:16 PM
Sorry to hear. I'd go get the bike, or whats left of it and sell off any parts that are usable and be thankful it wasn't you.

notorious
03-14-2013, 12:17 PM
I would contact the authorities who had jurisdiction over the accident. They'll tell you exactly what to do and they'll probably even grease some wheels for you. I'm sure this isn't the first time that has happened and somebody wanted to protect their investment without seeming insensitive to the family.

This.

Local PD will get you going in the right direction.

Fried Meat Ball!
03-14-2013, 12:21 PM
Did he have collision on it? If he did, it may belong to the insurance company

Can you actually insure something you don't have a fiduciary interest in (since you never filed the title, it's still yours)?

Nickel D
03-14-2013, 12:41 PM
This involves a 12-step process...

Step 1: Acknowledge that you're @%#*ed.

I've forgotten what Steps 2-12 are.

stevieray
03-14-2013, 12:51 PM
another one? damn!

riding a bike in that part of country is dangerous as hell.

gblowfish
03-14-2013, 01:05 PM
I had some dealings with the Hot Springs Police Dept about a year ago and found them to be very helpful.

The bike thing is tricky, because his family probably sees "the bike" and what it represents as kind of the cause of this horrible accident. But its a vehicle, and payment is owed on it. Don't think if it were property of the insurance company that they would show any humanity. Those people are heartless in all cases. If the guy didn't have insurance -on the bike or on health insurance for his injuries, he's probably in a world of shit right now.

Iowanian
03-14-2013, 01:22 PM
Tough situation.

I understand your angle. If the bike is sitting in a tow yard it's racking up a fee every day it sits there, so getting the bike out of hock isn't a terrible idea.

Once you have it, you can figure out what the right thing to do is, be that settle with insurance and pay over what you are owed to his estate or whatever.

Good luck. Shitty situation all around.

Bob Dole
03-14-2013, 05:34 PM
Can you actually insure something you don't have a fiduciary interest in (since you never filed the title, it's still yours)?

Per the contract, he was to carry full coverage insurance and show me as the lien holder. Never verified.

Fried Meat Ball!
03-14-2013, 05:44 PM
Per the contract, he was to carry full coverage insurance and show me as the lien holder. Never verified.

I understand that's what your contract says. But from an insurance point of view (they're only looking out for themselves), I'm not sure since you are technically still the title holder that he has an insurable interest in the vehicle.

manchambo
03-14-2013, 06:02 PM
Bob Dole and that friend just went and put padlocks on his trailer to keep the idiot meth head woman he was letting stay there from pawning all his stuff. (She has already done this to another acquaintance who turned himself in for failure to appear and got a week in the pokey.)

He knows no more than Bob Dole at the moment.

This meth head sounds promising. I would try to work it off with her in several depraved sex acts.

GloryDayz
03-14-2013, 06:10 PM
What would GMAC do??? Get the money, or use a hack company to bug him on the phone (while he's in a coma - they will!!)...

You're "the man" now doode, you're going to be accused of it the rest of your life, so "be the man" and get your money...

Bob Dole
03-14-2013, 06:29 PM
I understand that's what your contract says. But from an insurance point of view (they're only looking out for themselves), I'm not sure since you are technically still the title holder that he has an insurable interest in the vehicle.

Not all that concerned about the insurance paying anything, to be honest.

Fried Meat Ball!
03-14-2013, 06:47 PM
Not all that concerned about the insurance paying anything, to be honest.

Probably not a huge deal for you, but if he doesn't have an insurable interest, they won't pay for the medical either.

Brock
03-14-2013, 06:57 PM
Probably not a huge deal for you, but if he doesn't have an insurable interest, they won't pay for the medical either.

They dont pay shit for medical anyway. Like 4500 dollars.

crispystl420
03-14-2013, 08:18 PM
I would also just chalk it up and realize it could have been you.

This....and I can't believe I'm quoting a raiders fan

Dallas Chief
03-14-2013, 08:30 PM
Not all that concerned about the insurance paying anything, to be honest.

I think Bob Dole should do the right thing and reach out to the family, sooner rather than later. Take the approach that hey I don't want the bike to sit there and rack up charges on the family. You can help get it out since you are the title holder. Whether you take possession after that is a moot point, although you might be better off just walking away from it. In my mind, I think Bob Dole already knows that this is the right thing to do.

ElGringo
03-14-2013, 09:12 PM
I think it has been mentioned before, but I will mention it again. The thing no one seems to be addressing is the details of the accident. Without knowing specifics on insurance either, was it just the bike in the accident or was another vehicle involved? Assuming another vehicle was involved, who was at fault? If the driver of the bike was at fault, and Bob Dole is still the title holder, can he be held financially liable for any damages to anyone or anything else?

Bob Dole
03-15-2013, 10:19 AM
I think it has been mentioned before, but I will mention it again. The thing no one seems to be addressing is the details of the accident. Without knowing specifics on insurance either, was it just the bike in the accident or was another vehicle involved? Assuming another vehicle was involved, who was at fault? If the driver of the bike was at fault, and Bob Dole is still the title holder, can he be held financially liable for any damages to anyone or anything else?

It gets more bizarre. According to his eldest son, the bike is fine, and the buyer's family does not want it. It is Bob Dole's to locate and go retrieve. At the same time, the authorities would not give him an accounting of the accident, and told him he could request a copy of the report and read it there.

WTF??

stevieray
03-15-2013, 10:25 AM
It gets more bizarre. According to his eldest son, the bike is fine, and the buyer's family does not want it. It is Bob Dole's to locate and go retrieve. At the same time, the authorities would not give him an accounting of the accident, and told him he could request a copy of the report and read it there.

WTF??

damn, I wish i could afford it...driving 45 miles each way to work is gouging the gas budget.

Bowser
03-15-2013, 10:26 AM
It gets more bizarre. According to his eldest son, the bike is fine, and the buyer's family does not want it. It is Bob Dole's to locate and go retrieve. At the same time, the authorities would not give him an accounting of the accident, and told him he could request a copy of the report and read it there.

WTF??

In requesting to see a copy of the report, does that mean paying out a few bucks? Not absolutely sure, but I think it does around these parts.

Bob Dole
03-17-2013, 04:24 PM
In requesting to see a copy of the report, does that mean paying out a few bucks? Not absolutely sure, but I think it does around these parts.

Probably. The eldest son is still getting the runaround and cannot get a straight answer about to to contact to get a copy of the report. No info or movement, and the buyer passed away this afternoon.

It's got to absolutely suck to lose a parent and have no clue WTF really happened.

Baconeater
03-17-2013, 04:27 PM
Yeah...something isn't adding up here...he crashes badly enough to end up in a coma and dies...but the bike is "fine"?

Bob Dole
03-17-2013, 04:32 PM
Yeah...something isn't adding up here...he crashes badly enough to end up in a coma and dies...but the bike is "fine"?

Yeah. Just jacked up all the way around at this point for everyone involved. Mostly for his family.

3rd&48ers
03-17-2013, 04:39 PM
Sorry for the loss of your friend Bob Dole

KC Tattoo
03-17-2013, 04:51 PM
The $600 isn't an issue at all. Bob Dole just wants to make sure that $600 doesn't turn in to $3600 because Bob Dole the person who still holds title did not act.

While the buyer is not a "close friend", he is more than "someone Bob Dole met once", so Bob Dole is concerned about long term effects of his action(s).

Bob Dole will likely try to locate the vehicle tomorrow and retrieve it. Seems to be the safest course of action at this point for all parties.

I'd do what you can do to get the bike out and at least hang on to the bike until figure out about how your friend is doing. Better be out $600 than what could add up to the $3600 like you say it could. Figure you would be stuck with the $3600 his family won't feel responsible especially if he is in vegitable state.

KC Tattoo
03-17-2013, 04:54 PM
Oh dang I should have read more of the thread. Sorry about the loss. I think best thing for you is try figure out how to get the bike back so you don't end up with a costly bill.

mikeyis4dcats.
03-17-2013, 04:56 PM
have you tried searching inline for any details of the incident?

I'm pretty good at the googlez.....PM his name and the location of the incident and I'll see if I can round up something...

stevieray
03-17-2013, 04:58 PM
Yeah. Just jacked up all the way around at this point for everyone involved. Mostly for his family.

damn....that sucks...:(

salame
03-18-2013, 02:55 AM
Per the contract, he was to carry full coverage insurance and show me as the lien holder. Never verified.

Bob Dole has broken Bob Dole's own schtick

Ace Gunner
03-18-2013, 04:56 AM
go get it.