"bill of sale"....does that mean it can't be titled?
"bill of sale" from an auction is more than just a piece of paper saying that someone took your money for the bike. from what i understand, there is a legal process of some sort that allows them to legally transfer ownership of the bike from themselves to you, while bypassing the original title holder. I'm assuming there is some paperwork that has to go on either before the auction or before you can title the bike where there is an official lien made on the original title in the name of whoever is selling the bike.
Either way, from what I've seen before, the auction sale papers usually include everything you need to have a title issued in your name. Quote from an auction forum:
Start with the DMV to see if there are any past due fees. If there are, you'll have to pay them IF you can proceed.
If vehicle has a lien-holder (like a bank), then you have to deal with them to see if they want to give you their release of interest. If they are owed a lot of money on the vehicle and it suddenly comes to light, they might want to retain ownership. Don't know how that would affect you.
In my area if there is a vehicle in the locker and the mgrs have not gone through work to get title, the vehicle is not sold until that happens (next auction or two later). OR if it appears to be a junker or work in progress, they may sell it as parts thus alleviating them of any responsibility for it.
This is as much as I know about it. I've gotten three motorcycles and one of them took 11 months to clear. The other two went right through as no money was owed on them and no back fees.
From that, it sounds like the "bill of sale" means that the legwork to clear the title has been done.
and, from april of last year (only applicable in TX):
I just read an amendment in HB 1259 Texas property code bill which will require the Texas DMV to provide title for vehicles sold at storage facility lien sales. They are very specific that if the storage facility issues a notarized bill of sale, the DMV must issue title. I think people will be less apprehensive to purchase a vehicle from an auction now.
Happy Birthday!
