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  #1  
Old 01-20-2010, 04:56 PM
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A Mercedes, A Lawyer, Unpaid Tickets, District of Columbia Sued

Did I Get Your Attention?

The District is being sued by the lienholder of a Mercedes-Benz that was impounded for unpaid parking tickets and then sold at auction for less than half its value, without any warning to creditors.

Ten months after selling Stephen Yelverton's Mercedes SLK350, the District finds itself the defendant in a federal lawsuit, potentially being forced to pay thousands more than the vehicle was worth.

Last edited by MTI; 01-20-2010 at 06:11 PM.
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Old 01-20-2010, 05:03 PM
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One could make a whole show from the following:

Quote:
Yelverton claims he is owed hundreds of thousands of dollars by business associates for work related to Nigerian oil and real estate deals, according to court filings.
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Old 01-20-2010, 05:16 PM
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Originally Posted by Kuan View Post
One could make a whole show from the following:
LOL that is too good! I'm apparently owed several million from some Nigerian prince all I have to do is send the money for a wire transfer oh and the millions on african real estate that I inheirited too, just need to pay initial tax fees.
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Old 01-20-2010, 05:39 PM
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uh, slightly off thread, but isn't the SLK kind of considered a "girlie" car?

rav4's and miatas, anyone?
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Old 01-20-2010, 06:01 PM
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Originally Posted by tonkovich View Post
uh, slightly off thread, but isn't the SLK kind of considered a "girlie" car?

rav4's and miatas, anyone?
I don't know if it is a girlie car or not. But Im still looking for a slk55 at a decent price. Bolt on a Kleeman and scare people.
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Old 01-20-2010, 06:05 PM
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Originally Posted by hill View Post
I don't know if it is a girlie car or not. But Im still looking for a slk55 at a decent price. Bolt on a Kleeman and scare people.
Sounds like a DC auto auction may be a good place to start.
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Old 01-20-2010, 06:08 PM
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Originally Posted by MTI View Post
The District is being sued by the lienholder of a Mercedes-Benz that was impounded for unpaid parking tickets and then sold at auction for less than half its value, without any warning to creditors.
Having been a car salesman, I or any other car salesman, could tell the city of DC that is NOT legal to do in ANY way shape or form. 'Book*' value & auction price do not even enter the equation in a case like this. Loan balance (and/or any liens) rule the day. The creditor(s) are due what they are due.

Case in point - any US jurisdiction - creditors repossess a car and it is damaged to an extent of 'less than half its value.**' It is later sold at auction for the lesser amount. The creditor then has the legal right to collect the difference from the debtor. Most of the time it isn't easy to do but judgments are handed down every day in cases like this.

* - Car value books are only a guideline reference, not at all a hard and fast rule
** - "VALUE" of a car is whatever anyone will pay for it, again not a hard and fast rule. BUT, when legal actions are in play (purchase contract, lien, impounding and auction - but especially the lien) contractual obligations must be met. If the city sold this car WITHOUT satisfying the lien, they wrong and their legal dept. knows it.
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Old 01-20-2010, 10:01 PM
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DC is gonna get it's ass handed to it.
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Old 01-21-2010, 01:44 AM
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Quote:
Originally Posted by tonkovich View Post
uh, slightly off thread, but isn't the SLK kind of considered a "girlie" car?

rav4's and miatas, anyone?
Yes, driving one makes you instantly grow a vagina.
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