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03-12-2013, 05:08 PM | Topic Starter |
King Shit of **** Mountain
Join Date: Aug 2000
Location: Texarkana, Texas
Casino cash: $2354497
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Need some advice
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? |
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03-12-2013, 05:10 PM | #2 |
Veteran
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Location: DE
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Final payment is how much?
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03-12-2013, 05:12 PM | #3 |
King Shit of **** Mountain
Join Date: Aug 2000
Location: Texarkana, Texas
Casino cash: $2354497
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03-12-2013, 05:14 PM | #4 |
Veteran
Join Date: Feb 2012
Location: DE
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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.
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03-12-2013, 05:16 PM | #5 | |
King Shit of **** Mountain
Join Date: Aug 2000
Location: Texarkana, Texas
Casino cash: $2354497
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Quote:
Plus, a 1.3L motor would make for an awesome go-cart. |
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03-12-2013, 05:14 PM | #6 |
Spiraling down the Drain
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Suggest PMing Bob Dole for advice.
__________________
"We're both part of the same hypocrisy, Senator, but never think it applies to my family." "Fredo. You are my brother, and I love you. But never take sides against the Family again. Ever." 2019 Adopt a Chief - Travis Kelce #87 |
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03-12-2013, 05:14 PM | #7 |
Say hello to my little friend
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Maybe see what the common friend knows about it. The bike is probably in a tow yard somewhere.
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03-12-2013, 05:19 PM | #8 | |
King Shit of **** Mountain
Join Date: Aug 2000
Location: Texarkana, Texas
Casino cash: $2354497
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Quote:
He knows no more than Bob Dole at the moment. |
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03-14-2013, 06:02 PM | #9 | |
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Quote:
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03-12-2013, 05:17 PM | #10 |
Molôn Labé
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I would also just chalk it up and realize it could have been you.
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03-14-2013, 08:18 PM | #11 |
MVP
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03-12-2013, 05:17 PM | #12 |
Blame it on the Henne
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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. |
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03-12-2013, 05:21 PM | #13 |
Cheat Death
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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.
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03-12-2013, 05:26 PM | #14 | |
King Shit of **** Mountain
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Casino cash: $2354497
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Quote:
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03-12-2013, 05:50 PM | #15 | |
Shit
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Quote:
Posted via Mobile Device |
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