Quote:
Originally Posted by OldTee
Noterized bill of sale with price to get a title in MD now-a-days. Without it pray.
ARF
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John,
I'm not 100% sure about this.......
I think the notarized bill of sale is required in the event the sale price written on the title is not consistent with their NADA values. If NADA says its worth $10K and you claim you paid $5K, MD MVA will want to tax you at $10K, unless you have a notarized bill of sale that says $5K.
I'm not sure that the notarized bill of sale alone is sufficient for MD MVA to establish a clean title transfer. But heck.....I've been wrong plenty before..
Steve,
I would suggest getting a copy of the title faxed/emailed to you in advance so that you can see EXACTLY how and what is filled out. In my previous situation, the owner printed on the title's front, conveyed the title to the next buyer, who's information was hand written on the back. But the buyer never titled it. MD MVA would not accept the title for my subsequent purchase. I had to get the PO to get me a clean title with his name printed on it (which meant he had to pay taxes.....). Needless to say it was a point of much discussion between us.
I believe I have actually seen a title from another State, where there was space for a 2nd buyer to be entered on the back; probably because taxes aren't collected for car sales or MVA's are few & far between. Also note that some titles have a special conveyance block for dealers/wholesalers only. MD MVA will confirm the validity of the dealer/wholesaler listed in the block before accepting (I've been thru this, too). Unless the title has an explicit block for you to enter your name as the buyer, they won't accept. But........if the PO bought the car, but never filled out the buyer portion, then you should be golden. If MD MVA somehow determines that the car was never titled or registered for 2 years, you could simply say it was being restored during that period, and was off the road.
Good luck! As mentioned, take it slow and it should all work out. IMHO, make sure you have all the puzzle pieces figured out before trekking out to IL.