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#1
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Tony Woolner wrote:
I have been looking for a Warrior and look up the tail numbers on the database. The owners are not the same as I am told. Why is this? Anybody's guess. That's why lenders require a title search before they'll approve financing. |
#2
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On Fri, 16 Jan 2004 20:12:57 -0500, Tony Woolner
wrote: I have been looking for a Warrior and look up the tail numbers on the database. The owners are not the same as I am told. Why is this? The database typically takes several months to be updated. So one of a few things could be happening. 1. The new owners never filed the paperwork or the FAA lost the paperwork for the new ownership (this happened to me). 2. The updates haven't made it to the database yet. Typically this takes 3-6 months. 3. The database is accurate, and the plane is owned by someone else. Occasionally, you hear stories of stolen planes being sold by the stealing party. Regardless, if you are purchasing, it is worth a bit of homework on your end to make sure the party selling you the plane actually owns it. |
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In a previous article, Nathan Young said:
On Fri, 16 Jan 2004 20:12:57 -0500, Tony Woolner wrote: I have been looking for a Warrior and look up the tail numbers on the database. The owners are not the same as I am told. Why is this? The database typically takes several months to be updated. So one of a few things could be happening. 3. The database is accurate, and the plane is owned by someone else. Occasionally, you hear stories of stolen planes being sold by the stealing party. 4. The person offering you the Warrior is actually a broker, and not the owner of the plane. There are scumbag brokers out there who find planes for sale and then list them without the owner's permission, and once you're interested *then* they'll go and negotiate a commission from the owner. Although these guys usually try and prevent you from discovering the plane's real N number until they've negotiated with the owner. -- Paul Tomblin http://xcski.com/blogs/pt/ "Man in the tower, this is the man in the bird, I'm ready to go, so give me the word." "Man in the bird, this is the man in the tower, you sound funny, delay's an hour." - Rod Machado |
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On 16-Jan-2004, CriticalMass wrote:
Anybody's guess. That's why lenders require a title search before they'll approve financing. In my opinion, a title search should be undertaken by the buyer in EVERY purchase of a used airplane, regardless of whether it's financed. Then, if there is ANY question about clear title, I would recommend getting title insurance. AOPA provides both title search and title insurance services at reasonable cost. -- -Elliott Drucker |
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In article ,
wrote: In my opinion, a title search should be undertaken by the buyer in EVERY purchase of a used airplane, regardless of whether it's financed. There was a lein against my plane when I bought it. I found it through AOPA's title search. The owners had no idea it existed. The loan was old (I don't remember exactly, but 20+ years) and had been paid off and the bank was no longer in business. With AOPA's assistance the seller was able to resolve the problem while the prebuy was being done. One big help was that the plane had been in the seller's family for a long time and the original bank was local. If I had found out about it later I doubt I could have gotten it fixed as easily. -- Ben Jackson http://www.ben.com/ |
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In article ,
Tony Woolner wrote: I have been looking for a Warrior and look up the tail numbers on the database. The owners are not the same as I am told. Why is this? Where do they live? The first Comanche I had an offer in on was sold to someone else in Washington state. After I bought a different plane I kept an eye on the database to get an idea of when my plane's registration would go through, assuming the other plane would show up about 2 weeks earlier. In fact they didn't register it for several months (probably to avoid Washington state taxes) and now it is registered to some kind of holding company in Oregon. -- Ben Jackson http://www.ben.com/ |
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I have been looking for a Warrior and look up the tail numbers on the
database. The owners are not the same as I am told. Why is this? |
#8
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because when the buyers bought it.. they did not file all the paperwork?
look at the registration certificate in the airplane.. if it is not who is selling.. then ask questions .. or walk.. it could be they are "recent".. and data base is not caught up... a check of the pilots certificate database states that it is current as of last October 2003 BT "Tony Woolner" wrote in message ... I have been looking for a Warrior and look up the tail numbers on the database. The owners are not the same as I am told. Why is this? |
#9
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we had the same problem when buying a glider.. and a bank 1/2 a cross the
country that had been sold numerous times.. the bank.. not the glider.. we were able to clear it very quickly.. great help from the current owners of the bought bank.. BT "Ben Jackson" wrote in message news ![]() In article , wrote: In my opinion, a title search should be undertaken by the buyer in EVERY purchase of a used airplane, regardless of whether it's financed. There was a lein against my plane when I bought it. I found it through AOPA's title search. The owners had no idea it existed. The loan was old (I don't remember exactly, but 20+ years) and had been paid off and the bank was no longer in business. With AOPA's assistance the seller was able to resolve the problem while the prebuy was being done. One big help was that the plane had been in the seller's family for a long time and the original bank was local. If I had found out about it later I doubt I could have gotten it fixed as easily. -- Ben Jackson http://www.ben.com/ |
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