Quote:
Originally Posted by MTI
The insurance company obtained title from the legal owner upon settlement of the loss claim. None of the subsequent owners have legal title since it it would have been derived from the thief, who could not pass legal title to the vehicle to anyone.
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The question is how the first subsequent owner obtained a suitable title to register the vehicle. The title was in the possession of Allstate.
How that fraud was perpetuated is of significant curiosity.
And, yes, some poor slob is out a whole lot of money because of the original fraud.
This fraud, if widely utilized, can be perpetuated on any unsuspecting used car purchaser.