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Beware Of Scams With Your Cars Title
Our sales staff receives hundreds, sometimes thousands, of calls daily from people needing car titles. With the cancellation of the Vermont loophole earlier this year, we've seen a surge in title fraud. Today, we discuss five common title frauds to watch out for:
Duplicate Title Fraud: Fraudsters request a duplicate title, pawn the new title, and sell the old one, leaving buyers with invalid titles.
Fake Mechanics Liens: Scammers use bogus mechanics liens to obtain titles for vehicles they shouldn’t.
Title Transfer Fraud: Some offer title services for a fee, requiring ownership transfer, which can lead to legal issues or losing your vehicle.
Altered VIN Numbers: Changing a vehicle's VIN number is illegal and easily detected, risking severe penalties.
Fake Lien Releases: Forging lien releases can lead to federal prosecution and hefty fines.
Since the Vermont loophole's closure, these frauds have increased. Be cautious and follow legal processes to obtain a title. For more information, visit www.cartitles.com.
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