Today, it is common to find people selling vehicles damaged in accidents or stolen ones with fraudulent documents. This is called vehicle title fraud to make the title appear clean.
This blog looks at three types of Colorado duplicate title fraud that you should know.
1 - Title jumping
This common practice involves buying a vehicle without registering it in your name before selling it to someone else. Unlicensed car dealers commonly do title jumping to avoid paying taxes and other fees.
2 - Title washing
Title washing is the type of vehicle title fraud that is the most common in the US. As per estimates, there are 800,000 cases in the United States alone. Some common ways that owners wash titles are:
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By printing a fake title for a car lemon Colorado.
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By editing the title document to hide the salvage record.
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Getting the totaled car registered in a state where recording the salvage status is not mandatory.
3 - VIN Swapping, Cloning, or Switching
This new type of title fraud involves changing the VIN of a vehicle to conceal its past from potential buyers. Typically, the salvaged VIN is swapped with a clean one by the crooks. The method can also be used on stolen vehicles.
If your title is lost, stolen, mutilated, illegible, or altered and you reside in Colorado, a duplicate title can be obtained by visiting your nearest county office in Colorado.
Wrapping up
If you have been a victim of title fraud or got a lemon, you can seek legal help. Allen Stewart attorneys can assist with auto-fraud and car lemon cases in Colorado.
To know more about Damage disclosure statement NC please visit our website: allenstewart.com
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