Bought Trailer- then its reported as stolen.

Yes it may be sour grapes from the ones that lost the trailer to tow co. but Lientec will have a insur. bond just to handle problems like this, just dont wait around for law to show up with papers in hand near holidays!

 

What probably happened is owner left it somewhere long enough (ie went to the hospital for x amount of days) or defaulted/went out of business and just left it somewhere. The owner of the property it was abandon on, had it towed. The tow company applied for a storage/tow lien to either take possession or find the owner/lien holder. When the tow company applies for the storage/tow lien, the state notifies the owner/lien holder that there is a storage/tow lien being applied and they have x amount of days to respond. Somebody at the bank effed up and the time has passed and they granted the tow company title/possession of said property. The bank or owner at some point had reported the trailer stolen not knowing it was at the storage facility the whole time. The tow company now owns it and can dispose of how they see fit via auction or in your case a private sale. You just need to let the police to investigate, and when they find out the facts, they will remove the stolen report, thus allowing you to register it.

 

Here in Virginia the towing company has to report repo and other property taken by the towing company. Its part of the towing laws. Look up towing laws in the state you bought it.

Now, what I would like to know is what kind of papers did the towing company give you at the sale? If they have you a title, who's name was on it, and how did they get it?

I'm blameing the towing on this, and I would bet the owner of the trailer has to settle up with the towing company first.

Count everyday that your not able to to use the trailer and talk to a lawyer about loss wages on a false sale.

I heard it called before predatory towing.

 

Wait a minute, you bought it in October and then didn't register it until when and the it was reported stolen on nov 13, 13 days after October ended?

Every time I get something through an estate or a lein sale, it gets title transferred within a day of full payment, not two weeks after the time of purchase. They don't take more than a day to do the appear work, most of the time it is ready before the vehicle goes up for sale.

No matter what I would have contacted the towing company and the processors to inform them that the police are investigating this and they are involved with a possible selling of stolen property.

 

There was a new law put on the books this year. I can remember a little bit about it from Landline and OOIDA.
Towing company's can not tow big rigs without telling the owner.
Something like that was pasted because a few truckers had there rigs towed from predatory towing when the drivers would park at a shopping center and go have lunch. Might want to look it up and inform the police on that one.

 

If the towing company had the title, they owned it. Whoever reported it stolen in November didn't own it anymore, so the stolen report is irrelevant. Towing company should be able to clear it up with the Police by showing the title document, but so can you with the dated title and bill of sale.

 

What possibly has happened is? The original owner had it parked someplace for an extended time, may have been out of town or ? Trailer gets towed, and after a set time, the tow company can file for a lien title, but the tow company would have had to try and contact owner, some where in those lines

 

What if the trailer was stolen? Let's say person A stole it from person B who was a large company with a lot of trailers. They might not have even realized it was gone right away. Person A used it for a while knowing it probably wouldn't t get reported stolen right away and then they just abandoned it on the side of the road. The towing company got it and filed the lien and sold it to you. In this scenario person b who owns the trailer is an innocent victim and should get it back shouldn't they?