"TTA Cherokee Driver" wrote in message
...
| C J Campbell wrote:
|
| "Carl Orton" wrote in message |
| | Secondly, would YOU, as a future purchaser, see the 2004 a/w cert date
on
| a
| | 1960's plane, and think that there was something not right about the
deal?
| | Would you "buy" my story as related above?
|
| I would think that there is something not right about the deal. There
are
| lots of airplanes out there. Let the bank keep theirs.
|
| IOW, if the deregistration was because of malicious intent, the
| malicious guy wins.

Sadly, that is true. The same thing happens everywhere else, though. A guy
defaults on his mortgage, the bank repossesses the house, the guy sabotages
the house and clouds the title, and the bank can't sell the house for nearly
what they hoped.

As J.R. Ewing said, "Once your ethics go, the rest is easy." There is little
you can do to protect yourself against the completely unscrupulous, except
to not do business with them in the first place. That is a lot easier said
than done, of course, but let's face it. Most lenders do very little in the
way of checking out the character or even the identities of people they lend
money to. They figure the cost of doing that would exceed their losses from
the occasional scoundrel.