Stolen car returned

[2112]

http://mynorthwest.com/123/565684/Mo-man-tracks-down-classic-car-stolen-in-1995



1) Do you want it back (if it was insured)?
2) Does the unknowing seller entitled to any compensation?
3) Do they chase down the previous sellers?

:confused

 

[Empty Pockets]

Subsequent "owners" of a stolen vehicle are out of luck.

I suppose a subsequent owner COULD go after prior 'illegal' owners...but, at what cost...and on what grounds? That they were as ignorant as he?

As to whether one would want it back - evidently THIS guy did! Bad!

 

[BlackICE]

If the real owner get an insurance payment for the stolen car, wouldn't the insurance company have a legal claim to it?

 

[Empty Pockets]

If the real owner get an insurance payment for the stolen car, wouldn't the insurance company have a legal claim to it?

The ins co should be entitled to whatever 'twas they paid the owner for the car...assuming no statute of limitations applies and/or there was no "fine print" in the policy specifically dealing with that eventuality. I doubt they'd want to be saddled with taking possession & selling it, etc., anyway.

Edit: In addition, I'd think the owner ought to be entitled to the expenses he laid out to recover the car IF the ins co were to end up with it.

 

[gtinmyblood]

I actually had a similar experience on a sand buggy I bought and put several thousand in upgrades on. Ended up having to buy it all over again from the guy it was stolen from. I had purchased it from a guy who worked for a local towing co. Ended up they had been picking up cars all over town and reselling them.