You are in possession of your newly purchased used car. Before you think about the best way for your new car breaking in, you need to ascertain that all the parties have signed the car title to the deal.
You might have encountered some vehicles in the used car market where the signatures on the title were missing. The dealership would have told you that the seller forgot to sign the title. The fact is that many sellers of used vehicles intentionally do not sign the title to avoid paying taxes.
Title jumping is the act of willfully transferring an open title.
What is an open title?
An open title is known as an automobile title that hasn't been signed or dated by the parties involved in the transaction. The buyer's information is usually the only thing left out. Before selling the car, this issue should be corrected with your local DMV. The illegal practice of title jumping is the transfer of an open title.
Undocumented buyers can join the market when an automobile is sold with an open title. Leaving a title unsigned may appear harmless, but it can lead to serious consequences, which are multiplied if numerous persons send down the same unsigned title. If the state incorrectly assigns taxes to the wrong person or in the event of an accident, problems may ensue.
Conceal the truth - By using an open title, a seller could pass a damaged or salvage vehicle off as clean, and the buyer wouldn't know until it was too late.
Can result in legal ramifications - If the state discovers that it does not have a comprehensive ownership history, fines and fees can be imposed on all parties concerned. The state may pursue legal action since those individuals have stolen money from the state by avoiding taxes.
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About the company
Allen Stewart is a professional firm specializing in various legal areas, including vehicle fraud, such as title fraud, odometer tampering, and lemon laws. They work on cases in Texas, California, New York, Pennsylvania, Missouri, North Carolina, Ohio, and Arizona, among other states.
Address: 1700 Pacific Avenue Suite 2750 Dallas, Texas, 75201
Phone: 214-965-8700; 866-440-2460