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Wisdom & Authority Title Solutions
|Posted on June 22, 2011 at 12:14 AM|
I can't begin to tell you how many times I've come across customers (while working at the DMV), who were actually trying to avoid getting a vehicle titled in their name (to avoid title and tax fees) or people who I come across now who are victims of title skipping. What is title skipping? Title skipping is when a person has acquired a vehicle and a title (the title is signed over to them as well). Rather than get the title changed into their name; they don't and when they decide to sell the vehicle they take the title that they received, and try to sign the title over to someone else or a buyer.
What happens in cases of title skipping?
Why do people skip titles?
1. To avoid paying sales tax (MAIN REASON)
2. Want to avoid the DMV
3.Don't want to be bothered by the titling process
On a final note, title skipping is illegal and serious consequences can follow. In essence, the only way a reassignment section can actually be transferred without each person having to get a title in their name is when a dealership reassigns a vehicle to another dealer. In this situation; the last name on the dealer reassignment must take ownership of the vehicle and get the vehicle titled in their name. When it comes to getting a vehicle titled; it pays to follow titling procedures correctly; versus trying to take the route of "title short-cuts".
If you are stuck in a case of title skipping, get the expert advice of Wisdom & Authority Titling Solutions to put you in vehicle titling compliance.
Categories: TITLE SKIPPING