02-16-2010, 02:06 PM
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CC Member
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Join Date: Aug 2002
Location: Atlanta,
GA
Cobra Make, Engine: SPF #821,Southern Automotive 427 Side Oiler w/2x4
Posts: 687
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Not Ranked
we had a dozen brand new tractors in katrina. They were sold as scrape. Unfortunatly we didn't know the law. You are supposed to turn in the titles and get a 'scrape' title. they weren't insured so we didn't send the titles to an ins co. which would have known what to do. A few months later the FBI called us wanted some history. Somebody bought one for about 75K-75% of orig price. Thought they were getting a deal. We didn't get into trouble because the bill of sale had the scrape details on them
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Alex
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