A title problem, but I want to buy. How handle?

I located a plane I'd like to buy; unfortunately somewhere along the
way the FAA didn't get some paperwork and the current owner didn't get
clear title.
Is there anything I can do to 'buy' the a/c and start working on it,
or do I have to sit on my hands? - Mike

Michael Horowitz wrote:

I located a plane I'd like to buy; unfortunately somewhere along the
way the FAA didn't get some paperwork and the current owner didn't get
clear title.
Is there anything I can do to 'buy' the a/c and start working on it,
or do I have to sit on my hands? - Mike

AOPA...

You have any idea how hard it can be to clear up some of these problems? You
can't 'buy' something that doesn't belong to the person selling it to you.

"Michael Horowitz" wrote in message
...

I located a plane I'd like to buy; unfortunately somewhere along the
way the FAA didn't get some paperwork and the current owner didn't get
clear title.
Is there anything I can do to 'buy' the a/c and start working on it,
or do I have to sit on my hands? - Mike

But since FAA registration tells you NOTHING about who owns the plane,
what is your point?

Robert M. Gary wrote:
But since FAA registration tells you NOTHING about who owns the plane,
what is your point?

Hard to know what your point is as nobody has any idea who you are
replying to. Three posts in a row from you that make no sense at all.

Gee, on deja.com they are all lined up (the reply box does not provide
the option to quote original". So Juan said..

"You have any idea how hard it can be to clear up some of these
problems? You
can't 'buy' something that doesn't belong to the person selling it to
you."

Which makes no sense because there is nothing regarding the FAA
registration that determins ownership.

Newps, you might want to check your news browser. All the replys show
up nicely under the original post to me in a tree layout.

Robert M. Gary wrote:

Newps, you might want to check your news browser. All the replys show
up nicely under the original post to me in a tree layout.

You shouldn't depend on everyone having the same view of the ordering of
postings that you have. Each news *server* is independent and may receive
postings in different order. This fact has nothing to do with the choice of news
*client* software.

Please include a little context (as I have above, for example) so we can see
what you are replying to.

Thanks.

Dave

Robert M. Gary wrote:


Newps, you might want to check your news browser. All the replys show
up nicely under the original post to me in a tree layout.

They would for me too if I had all the posts displayed. I only display
new posts. Who wants to wade thru all that crap?

sometimes it is a matter of incomplete paperwork or no paperwork filed by
the lender to the FAA to release a lien.

I found a glider with the same problem, a lien more than 25 years old that
was not cleared. (Thanx AOPA) Luckily I was able to find the original bank
based on the lien papers that AOPA found and it was still at the same
address and phone number although it had changed names a few times over the
years. I spoke directly (long distance) with the loan officer and explained
the dilemma. I sent him the FAA Forms, he signed them and sent the ORIGINALS
to the FAA and the copy to me. The lien was released and we received notice
that the title was clear.

A mechanics lien would have been tougher.

THEN we went and bought the glider.

Trying to do that after buying the glider is risk on your part. Not a good
idea. And without a clear title you may not be able to get a loan.

BT

"Michael Horowitz" wrote in message
...

I located a plane I'd like to buy; unfortunately somewhere along the
way the FAA didn't get some paperwork and the current owner didn't get
clear title.
Is there anything I can do to 'buy' the a/c and start working on it,
or do I have to sit on my hands? - Mike

Find a willing attorney, put the money into his escrow with both buyer and
seller giving him instructions as to what will happen to the money at what
point in the title clearup and what will happen if the title doesn't clear
in some reasonable (a month or two) time.

More problematic is what to do with the "working" you want to do in the
meantime if the title doesn't clear. You say the improvements are worth a
thousand dollars. The current "owner" says the improvements have damaged
the aircraft in the amount of two thousand dollars. Now the fight begins.

I'd suggest that the two of you draft language as to what "working on it"
means and let the attorney draft it into legalese that keeps both of your
butts out of a sling.

Jim



"Michael Horowitz" wrote in message
...

I located a plane I'd like to buy; unfortunately somewhere along the
way the FAA didn't get some paperwork and the current owner didn't get
clear title.
Is there anything I can do to 'buy' the a/c and start working on it,
or do I have to sit on my hands? - Mike