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Salvador Said:

help me! Title insurance on construction permit violation?

We Answered:

Your title insurance does not cover anything like this.

Did you sign a contract for a 4 bedroom home and end up with less? You can sue the seller, but you will have a very hard time because it should have been perfectly obvious that there are only 3 bedrooms.

It was your responsibility to make sure any construction has permits. There should be something in your sales documents. People buy property w/o permits all of the time, and it is perfectly legal. I have bought some myself.

You now own the property and the lack of permit. If there is a problem you will need to either get a permit or tear it down.

I am not sure what you mean about loss of value, it is not worth less then you paid for it, unless the square footage was in error the property value is the same.

Priscilla Said:

If you buy a house and the seller says that the sale will be done through a title company, what does it mean?

We Answered:

A title company does issue title insurance. They also collect all the data and distribute data to the necessary parties.

The contract that you sign with the seller normally defines who pays what costs and also what kind of deed you get. You really need to understand all this and much more before you get to far involved. Hire a real estate lawyer or at least get a very good buyer's real estate agent.

Brett Said:

Does the insurance company owe me sales tax on my totaled vehicle?

We Answered:

You are owed the tax etc in ILL on a total loss.

The Farmers Insurance adjuster is either a rookie or an idiot. Do not settle the claim until they agree to pay those items.

I strongly suggest calling the claims office and find out who the adjusters manager is and talk to him/her to get this straightened out.

Derek Said:

I bought a 59 Ford truck from a junk yard and only have a bill of sale and I need a title.?

We Answered:

Most places you'll need the VIN# to identify the vehicle.
On modern cars it's recorded in half a dozen locations.
Usually a metal tag, attached to the frame.

Perhaps an (older) mechanic at a dealership can help.
Talk to a vintage car club or check out their web-site.

Do not, whatever you do, make one up, that is fraud.
You are getting bad advice from your friends.
Every letter in the VIN# means something in code.
A phony number will stick out like a sore thumb.

Edna Said:

Average time before a vehicle is ready for sale on IAAI (Insurance Auto Auctions Inc.)?

We Answered:

There can be many reasons for the delay. If the payoff on the truck is more than the insurance settlement, the owner of the vehicle would have to come up with the difference before the lien holder would release the title.

There may be a lawsuit involved. There may be other issues with the vehicle, such as it having been stolen and the VIN altered, and there may be a delay in getting that straightened out. Without knowing the history of the vehicle, there is no way to be sure.

What happens is the insurance companies have the vehicles towed to IAAI (or another company) to avoid paying storage at tow companies. The insurance companies have a special deal, where the sale company does not charge them for storage. Sometimes the insurance company ends up selling the vehicle back to the owner, if it is a total loss. In that case, the car will never hit the auction block.

There is also the possibility that an employee at IAAI wants to buy the vehicle, and it may be slipped into a sale at the last minute, to try to keep the bidding down. Some locations of IAAI are worse about things like that than others.