Hey Rabrrita, guess what's sitting in my garage right now? Hint: it floats.
I learned the answer to "How"? You just never give up, despite all the people telling you to give up and telling you that you're wasting your time. I finally found a law enforcement officer willing to do their job, who was as disgusted as I was at the way this has been botched over and over for 20 years. Now the job has finally been done.
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Originally Posted by Rabrrita
God are they conning you big time. A Title Release simple is them turning back over their interest in that property to you. The Title itself doesn't actually mean you are the legal owner as it's possible a superior title was already issued.
Let em see if I can explain what I'm talking about and why after a NMVTIS check, you may just be the proud owner of only a nice official looking piece of paper, but not the property:
You own a boat. It's titled and registered to you. It's insured. It's stolen. The insurance company pays you for the loss. You give them the title. They are now the owners.
The boat is recovered by the police and sent to impound. The Police and/or impound yard send the required state legal notices of the recovery to the insurance company. The stolen status in NMVTIS is changed to recovered. Due to time, cost, value or miscommunications, the insurance company (as last legal owners of that hull number) doesn't act to recover the property. The impound yard files the necessary paperwork with the state. The state send their notice (if required) and ultimately authorizes the impound yard to legal sell the property. Upon sale/auction, the purchases receives a legal state authorization wiping out all past ownership rights (like a real estate tax auction or asset forfeiture sales) and authorizes the issuance of a new clean title to that purchaser. NMVTIS now reflects the state ordered legal transfer of right. The purchaser now legally register and tiles the property in their name. All prior ownership rights and claims are gone, wiped away with any paper title from prior owners void and worthless. The police may not help as the can clearly see the legal transfer and status so your out of the picture.
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