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Mustang stolen in 1980 confiscated
#11
Tried to find the google story but this is from memory.

Guy has 427 Shelby Cobra stolen in 1973 - Gets $4000 insurance settlement for it but signs an agreement that if it is ever recovered he gets to buy it back for 4k.

1995 - Car is re-imported into the US from Europe in pristine condition and is discovered to be stolen.  Car confiscated - Insurance declines to sell it back to the original owner - lawyers get involved.

Paperwork convinces Judge to honor the 4K agreement.  Check is written and Cobra is returned.  Insurance Co is sued for fees and expenses and a settlement is reached out of court.

Car is sold and the guys modest retirement gets much better.

- Paul
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#12
(12-27-2017, 09:30 PM)Paul of MO Wrote: Tried to find the google story but this is from memory.

Guy has 427 Shelby Cobra stolen in 1973 - Gets $4000 insurance settlement for it but signs an agreement that if it is ever recovered he gets to buy it back for 4k.

1995 - Car is re-imported into the US from Europe in pristine condition and is discovered to be stolen.  Car confiscated - Insurance declines to sell it back to the original owner - lawyers get involved.

Paperwork convinces Judge to honor the 4K agreement.  Check is written and Cobra is returned.  Insurance Co is sued for fees and expenses and a settlement is reached out of court.

Car is sold and the guys modest retirement gets much better.

- Paul
Wow! Very interesting story Paul. Impressive the original owner had the wherewithal to sign that agreement.

1F03M, Maroon,Blk Int,Wht Top,A/C,Rim Blow,Posi
1F03M, Maroon,Wht/Wht,PW
1F03M, GrbrLime,Wht/Wht,A/C,CA Car
1F03M, Drk Green,Grn/Blk,4-Spd,Tach,R/A,Tilt,Rim Blow,PW
1F03M, Drk Grn,Blk/Blk,4-Spd,Tach,A/C,Tilt,Rim Blow,Mgnms
1F03M, Black,Wht,Wht,Tach,Posi
1F03M, Brown,Ginger,Blk,4-Spd,R/A,Tach
1F03M, Pewter,Blk,Blk,4-Spd,A/C,R/A,Tach,Mgnms
2F03R, GrabberBlue,Wht,Wht,Dcr Grp,Tach
2F03R, Brgt Blue,Wht,Wht,Dcr Grp,Tach
2F03Q, Red,Wht,Wht,Rim Blow,A/C,Tach,Conv.Grp,DcrGrp,Stripes,Mgnms
2F03Q, Rd,Rd,Blk,Rim Blow,A/C,Tach
2F03Q, Brgt Lime(Orig. Gld Glw),Blk,Blk,A/C,P/W,Tilt,Conv Grp,Dcr Grp
2F03Q, Grbr Blue,(Orig. Brt Blue)Wht, Wht,4-Spd,Tach,A/C
3F03Q, (2) Gold Glow(one Blk int,one Ginger int),both 4-Spd,Tach,Dcr Grp,Stripes,TuTone Hood,Frgd Whls
3F03Q,BluGlow,Blu,Wht,4Spd,A/C,Tach,DcrGrp,Stripes,TT,Frgd Whls
3F03Q, Copper,Gngr,Blk,4Spd,Tach,DcrGrp,Stripes,T-T,Frgd Whls
3F03Q, Trpl Wht,A/C,P/W,Tilt,Tach
3F03Q, Spcl Ordr Black,Blk,Wht,Tach
3F03Q, Spcl Order Purple,Wht,Wht,A/C,Tach,Tilt,P/W,Frgd Whls
And 10 more verts, 2 Boss 351s and 1 M-code Mach I! Big Grin
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#13
(12-27-2017, 09:04 PM)will e Wrote: Well, we do pay the State to keep track of our cars so they are partially responsible.

So what would I do if my 13 year old Mustang was stolen and then found 37 years later?  It's been totally modified, redone and driven by who knows who.  The current owner dumped a BUNCH of money into it and didn't know it was stolen.  They really thought they were buying a car on the up and up.   Unless it has some extreme sentimental value to me (which is partially lost because of the restoration) I think I would just sell it back to the guy for whatever his insurance company gave him.  That's kind of a win/win.   I wouldn't feel right driving around in a car someone else, in good faith, paid to restore.  

I wonder, if you had receipts to prove you replaced things on the car, like engines, transmissions, seats, door panels, etc, could you claim those are yours?   Sure, the paint can't be removed but could you rightfully claim any removable parts that you have a receipt for?  Interesting.
All great points, Mike. BTW, I saw your build. Love it! Now all that tripower Cleveland needs is Nitrous Big Grin

1F03M, Maroon,Blk Int,Wht Top,A/C,Rim Blow,Posi
1F03M, Maroon,Wht/Wht,PW
1F03M, GrbrLime,Wht/Wht,A/C,CA Car
1F03M, Drk Green,Grn/Blk,4-Spd,Tach,R/A,Tilt,Rim Blow,PW
1F03M, Drk Grn,Blk/Blk,4-Spd,Tach,A/C,Tilt,Rim Blow,Mgnms
1F03M, Black,Wht,Wht,Tach,Posi
1F03M, Brown,Ginger,Blk,4-Spd,R/A,Tach
1F03M, Pewter,Blk,Blk,4-Spd,A/C,R/A,Tach,Mgnms
2F03R, GrabberBlue,Wht,Wht,Dcr Grp,Tach
2F03R, Brgt Blue,Wht,Wht,Dcr Grp,Tach
2F03Q, Red,Wht,Wht,Rim Blow,A/C,Tach,Conv.Grp,DcrGrp,Stripes,Mgnms
2F03Q, Rd,Rd,Blk,Rim Blow,A/C,Tach
2F03Q, Brgt Lime(Orig. Gld Glw),Blk,Blk,A/C,P/W,Tilt,Conv Grp,Dcr Grp
2F03Q, Grbr Blue,(Orig. Brt Blue)Wht, Wht,4-Spd,Tach,A/C
3F03Q, (2) Gold Glow(one Blk int,one Ginger int),both 4-Spd,Tach,Dcr Grp,Stripes,TuTone Hood,Frgd Whls
3F03Q,BluGlow,Blu,Wht,4Spd,A/C,Tach,DcrGrp,Stripes,TT,Frgd Whls
3F03Q, Copper,Gngr,Blk,4Spd,Tach,DcrGrp,Stripes,T-T,Frgd Whls
3F03Q, Trpl Wht,A/C,P/W,Tilt,Tach
3F03Q, Spcl Ordr Black,Blk,Wht,Tach
3F03Q, Spcl Order Purple,Wht,Wht,A/C,Tach,Tilt,P/W,Frgd Whls
And 10 more verts, 2 Boss 351s and 1 M-code Mach I! Big Grin
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#14
I remember one story like this but it involved a motorcycle and not a car. My friend had an old Harley for more than ten years when the engine started tiring out. So he sent it to Harley as part of their in house engine rebuild program. Well imagine his surprise when it turns out the vin on the engine had been reported to Harley as belonging to a stolen bike. If I recall correctly he was out both motor and bike in the end.
I agree with the posts in this thread in that we pay DMV fees etc. They should bear some responsibilty for doing everything possible to make sure documented stolen vehicles can't be registered. And a database where the consumer could pre purchase check that information would certainly be helpful. Even if it costs a nominal fee......which surely it would!


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