Katrina Lemons

Holes in Monitoring System Let Lemons Get Resold Morning Edition, January 31, 2006 Thousands of vehicles that sat in the murky waters left by hurricanes Katrina and Rita are starting to
show up on the used-car market. Most states require that flooded cars be labeled as such on the title. But scam artists have found loopholes in the system. They re-register cars in states with looser title laws -- sometimes two or three states -- until the warning that the car was flooded is gone. This fraudulent practice is known as "title washing." In 1992, Congress passed a law designed to stop the practice of title washing, but it was never fully implemented. The National Motor Vehicle Title Information System (NMVTIS) was designed to offer car history reports, as well as other information not available from commercial companies -- such as valuable data derived from insurance claims. Advocates say the program would save both consumers and the government money -- money that might otherwise be spent investigating title fraud. But NMVTIS has been crippled. Consumer advocates say one big reason is opposition from commercial interests that profit from title washing. More at http://www.npr.org/templates/story/story.php?storyId=5173717
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A thorough inspection for issues like those from a flood/hurricane would solve this problem. It is very rare that someone who actually wants to make money quickly off these cars would go through all the effort to cover up or replace literally EVERY item in a vehicle before selling said vehicle.
Caveat Emptor.
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snipped-for-privacy@prodigy.net wrote:

That aint ALL the things you need to look for..
I once purposely bought an engine out of a tornado-damage car... because i could get it cheap
Big MISTAKE! Had to totally dissassemble and clean dust out of it... worse- found the engine had been run, afterwards!
--
Yeh, I'm a Krusty old Geezer, putting up with my 'smartass' is the price
you pay..DEAL with it!
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