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02-12-2008 12:14 PM #4
Sorry to hear about your friend. Now, I'm going to be the damp towel on this situation, but just trying to save you some grief down the road.
There are too many "ifs" in this story. The thing about fixing it up, then getting the title is one. The second is "maybe giving the family some money if you fix it and sell it later on." This thing has problems written all over it.
Here is the only way I would do it.
1) Come to a FIRM understanding about a price you can buy it for. Get that contract in writing.
2) Make sure the title is clear and that the proper people have the legal right to transfer it to you.
3) Pay them with a check or certified check and keep a copy, along with a copy of the contract, bill of sale, and title.
4) Do not spend one red cent on the car until you have all of the above in place. Some relative who feels cheated can come back on you later on and you will be caught in the middle of a family dispute, and possibly lose the car you have spent a lot of money on.
5) Someone has been assigned to handle the deceased man's assets and liabilities. You need to make sure you are dealing with that person.
I know it looks all rosey now, but this is not like buying a car from a living person who legally owns it. You are dealing with his estate. If you do it otherwise, I will lay odds you will be back here sometime down the road with a tale of woe.
Don
BTW, you say you "inherited" this car. Was that clearly spelled out in a formal will? or just told to you by the family?Last edited by Itoldyouso; 02-12-2008 at 12:17 PM.
John's ride to the cemetery, his beloved Billings OK bus, The Baby Elephant!! Traveling in style!! As his service was starting I couldn't figure out what the music was, heavy on a flute in a jaunty...
John Norton aka johnboy