The Supercar Registry - Man Reunited with Stolen Corvette After 39 Yrs

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Man Reunited with Stolen Corvette After 39 Yrs

From this morning's Arizona Republic newspaper...

http://www.azcentral.com/community/s...vette1211.html

Re: Man Reunited with Stolen Corvette After 39 Yrs

Sad part is his Insurance co. paid him for it back then ,and own it. https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Re: Man Reunited with Stolen Corvette After 39 Yrs

We have discussed that before. As a "foreigner" I can't understand why the country with the most lawyers in the world hasn't yet solved this matter.

I can't believe that a car can be driven around for years with title and insurance, paying tax probably too for it and no authority can see that it is a stolen vehicle.

Isn't it time for you guys to call a senator in this matter.

The reason I speak on this matter is because a lot of people who buys car for export is stopped in the US customs,
who is one of few US authorities that has access to the NICB records, were they discover that it is a stolen vehicle.

FYI It could not happen in Europe!

Jan

Re: Man Reunited with Stolen Corvette After 39 Yrs

[ QUOTE ]
Sad part is his Insurance co. paid him for it back then ,and own it. https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

[/ QUOTE ]

According to the article, a Judge awarded the original owner the fully restored car. The insurnace company does not own it. Chalk one up for the little guy~ https://www.yenko.net/ubbthreads/imag...lins/beers.gif https://www.yenko.net/ubbthreads/imag...lins/beers.gif https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Plus the car has only 12K miles on it.

Re: Man Reunited with Stolen Corvette After 39 Yrs

the car was bought by my neighbor from a dealer in CA in June of 2009

the previous owner had it titled and registered in CA for the last 19 years

it was "totaled" in a garage fire 10 years ago

it was rebuilt

it is a 65 FI convertible

the dealer that sold it to my neighbor "jumped" the title

the court hearings started in early November

my neighbor was out the $65k until it was awarded last week and he DID get a check from his insurance company ...

way back when it was stolen, the owner let his insurance lapse

supposedly he was never compensated, that is why he got it back

the car WAS recovered in Chicago in 1970 and sold at a sheriff's auction

WHY they never bothered to contact neighboring states about it is hard to say ... there is a lot of murky facts surrounding that aspect of this car

my neighbor has been through the wringer on this as he did nothing wrong

the NICB report did NOT have it listed, only the fire "total"

CA was fine with the car, title, etc

IF the buyer of the car lived in CA and re-registered it there, it would have still been there ... it had a good CA title and was still registered there

the scary part is that a car CAN be registered and have a good paper and even for 19 years without anything happening

bottom line is beware when buying cars, even those with good paper ...

oh, the 12k miles are pure BS, maybe 12k from the restoration, but the car was not a "survivor" in any stretch of the imagination

Re: Man Reunited with Stolen Corvette After 39 Yrs

The wording in the article is kind of funny, but I took it to mean that it had only been driven 12K miles since it was reported stolen. The article does not say if he had theft insurance on it at the time it was stolen, so who knows if any insurance company was involved back then or not. You would assume there was on a car only 5 yrs old, but you never know.

It seems to me like there have been a rash of these old theft recoveries lately...I wonder if there has been an improvement in access to some national database recently https://www.yenko.net/ubbthreads/imag...mlins/hmmm.gif

EDIT: oops, I see I was typing at the same time Jim provided many pertinent facts https://www.yenko.net/ubbthreads/imag...lins/blush.gif

Re: Man Reunited with Stolen Corvette After 39 Yrs

[ QUOTE ]
The wording in the article is kind of funny, but I took it to mean that it had only been driven 12K miles since it was reported stolen. The article does not say if he had theft insurance on it at the time it was stolen, so who knows if any insurance company was involved back then or not. You would assume there was on a car only 5 yrs old, but you never know.

It seems to me like there have been a rash of these old theft recoveries lately...I wonder if there has been an improvement in access to some national database recently https://www.yenko.net/ubbthreads/imag...mlins/hmmm.gif

EDIT: oops, I see I was typing at the same time Jim provided many pertinent facts https://www.yenko.net/ubbthreads/imag...lins/blush.gif

[/ QUOTE ]

the car was worth maybe $1000 in 1970

no one wanted an FI (they were being yanked off and carbs put on), no one wanted an "old" Corvette, the Sharks were out, everyone wanted one of those

regarding the databases, it appears so ...

Re: Man Reunited with Stolen Corvette After 39 Yrs

no one wanted an FI (they were being yanked off and carbs put on),

[/ QUOTE ]

I know wheres theres two never mounted GM boxed (sealed) ones and 2 complete used ones sitting next to the new ones. if the guys house ever catches fire im going in for parts he can get himself out https://www.yenko.net/ubbthreads/imag...lins/smile.gif