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Tow yard/Release of Liability question???
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[QUOTE]Originally posted by *EPIK*: [QB] So I regretfully sold my daily beater a couple months ago, & I kinda F'd up & lost the release of liability form that you are supposed to turn in to the DMV. Yesterday, I got a notice in the mail stating that the car is in a tow yard because the guy I sold it to got arrested for driving on a suspended license & DUI. Come to find out the guy never registered the car in his name, so I am still the legal owner. I REALLY want to get the car back, & I can go to the tow yard tomorrow & get it out for $400, or I can wait 30 days for the car to go on a lien sale & get it that way, which will cost WAY more cash. Even though I am still the legal owner, if I take the car out of the tow yard, can the new owner file a stolen vehicle report since he has the title??? If I don't go get the car out of the yard, will I be legally responsible for the tow/storage fees??? I did go on DMV's website today & filed a release of liability, so Im clear as far as thats concerned, but I am still the registered owner until they go to the DMV & register the car. I have a feeling that with the dude facing those charges, an 86 Jetta is the least of his worries, not to mention he probably won't have the cash to pay for the registration/transfer/smog, & all the fees at the tow yard, which go up by $50 a day... What should do??? [/QB][/QUOTE]
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