Are You Aware Of These Risks Of Title Jumping?


Posted August 29, 2022 by allenstewartpc

Your new car breaking in can wait. The title of your new car should be checked to see if it has been signed by all parties involved or whether the seller forgot to sign the title. Title jumping can be risky for both the seller and the buyer.

 
You recently purchased a car and are looking forward to the process of the new car breaking in. But there's something you need to check about your new car first before moving forward with it.

Verify that everyone who needs to have signed the title has done so by looking at the car's title. There's a chance the seller forgot to sign the title. Or it might have been done on purpose. Title jumping refers to the deliberate transfer of an open title.

A car title with an open title is one that the parties to the sale have not signed or dated. Frequently, the buyer's information is omitted. The issue should be resolved at your neighborhood DMV before you sell your car. The illegal practice of "title jumping" is employed to transfer an open title. It's against the law and a terrible idea because it comes with several risks for both the buyer and the seller.

How sellers are at risk – Title jumping occurs when a car is sold without putting your name on the title. Technically, sellers who don't change the title into their name before selling a car aren't the real owners of it. Penalties, fines, and/or jail time would be possible outcomes if the seller forgot to sign the title.

Risks for buyers – The dangers of buying a car from a seller whose name is not on the title include:

1. Not knowing the number of owners of the car. Possible car problems, etc.
2. Extended correspondence with the seller/original title holder
3. Issues at the DMV with changing the title to your name

A lot of the time, it is impossible to find the original title owner or the preceding sellers. This implies that you are forced to shoulder the burden of determining what to do on your own.

For more information, log in to https://www.allenstewart.com/.

About the company

Allen Stewart is a reputable law company that handles matters involving vehicle fraud and others. They also have extensive knowledge and experience in title jumping fraud, which they use to offer their exceptional services and advice. Their attorneys are highly skilled, educated, and experienced in the area of vehicle fraud and other concerns.

Contact

Address: 1700 Pacific Avenue Suite 2750 Dallas, Texas, 75201
Phone: 214-965-8700; 866-440-2460
Website: https://www.allenstewart.com/
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Issued By Allen Stewart, P.C. Law Firm
Phone 866-440-2460
Business Address 1700 Pacific Avenue Suite 2750, Dallas
Texas 75201
Country United States
Categories Business , Law , Legal
Tags seller forgot to sign the title
Last Updated August 29, 2022