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Showing content with the highest reputation on 01/08/15 in all areas

  1. 1 point
    If you have a car that you think you have a legitimate reason to get an interest put on give HPI a shout and they can look to put in on their security register for you. However, It depends why you need the alert placed. The security alert feature is generally for finance houses, leasing or rental companies, in other words the people who have actual title to the car. In the example of a rental company, they will place their vehicles on the security register so that if a renter driving their car tries to sell it to a dealer, its flagged up to them. This protects them from loosing the car and protects you from buying a car that the punter doesn't own. If you own a car and have lent it out to a customer for example, then you can apply to place this on the register as it is your car. But if its a car that you have sold and then for whatever reason you want to get back ( such as above), this can't be registered. The simple reason being that officially speaking in law you have passed title to the customer ( even if this is potentially fraud), so its no longer your car and legally HPI can't accept your interest as only a court can decide on this. in some instances alerts have been placed on vehicles, but if this is queried then HPI have to remove this immediately. Sadly (and frustratingly) the only other option open to you is to get a court to put in place an order forbidding the owner from selling the car, while the situation is resolved. For low value cars, its often not worth the cost and time involved, but for more expensive stuff it may be. You would then need to argue with the court that the vehicle was part of a fraudulent transaction and that title should not have passed. All of this is a result of title law, which i spend over 10 years working with, its complicated and often down to interpretation and often it favours anyone but the selling dealer. Any more advice, just let me know