Compression Ignition Addict
Join Date: Jan 2007
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Just got a "Bonded Title" for my truck.
Not sure if this belongs here, sorry mods, please move to right section.
I have an 06 F250 PSD. Fell on some serious hard times and wasn't able to make my payments. Long story short, it's been 3 years since I made a payment.
In my defence I tried to make arrangements during that period. Payment was $680 and I offered 440 until I got back on my feet, they declined. They never did get their hands on my truck. It's been a long game of cat & mouse.
Ford signed off on it and wrote it off. They handed it off to another company who passed it on to another company who wouldn't make any sort of payments it was either the balance in full or nothing. One day I called and they said they didn't want it any more. They signed off on the loan.
Nobody had my title. Not Ford, not any of the collection agencies. A friend of mine said we could bond the title out, so I did. Title came in today.
Yet the woman who issued the bond said that if the finance compny or lein holder could file one paper and get it back without any problems. I need to wait another 3 years and then it's a regular title.
Under State law, I can take out a loan on the truck or I can sell it. What do I do? How do I find out if they still want it or not?
Proverbs 21:9 It is better to live alone in the corner of an attic than with a nagging wife in a lovely home. Now you might not believe in God, Jesus or the Bible, but I'm sure you can appreciate the wisdom of that verse. Amen?
2006 PSD Dark gray.
4" turbo back exhaust (sounds amazing)
Blessed by Jesus Christ