Dave Siciliano
Final Approach
Met with our mechanic today and in the course of things, he mentioned he'd just won in court against a party he did work for two years ago. Evidently, he didn't get paid, liened the aircraft and the other party sued to get it released. He just won against a motion for summary judgment (so, the next step is up to the owner). Anyway, he located the plane and is thinking about seizing it and locking it up until he's paid (which he can do here in Texas). The owner offered to sell it. My mechanic wants to offer to purchase it at a price where he will get paid and we purchase the plane for enough to do that at a price that works for us.
So, if we did this, would we possibly be stepping into a mess? We can do a title search, but what if other parties are owed money? Can they make a claim after we purchase it? This seller's word doesn't seem to be worth much. Getting a signed agreement from him with any reps wouldn't be worth the paper it's written on. The only reason we'd look is because our mechanic does excellent work, he inspected the plane and says it's in good shape the the seller needs to get out.
Should we just pass, or can we insulate ourselves well enough to proceed?
Best,
Dave
So, if we did this, would we possibly be stepping into a mess? We can do a title search, but what if other parties are owed money? Can they make a claim after we purchase it? This seller's word doesn't seem to be worth much. Getting a signed agreement from him with any reps wouldn't be worth the paper it's written on. The only reason we'd look is because our mechanic does excellent work, he inspected the plane and says it's in good shape the the seller needs to get out.
Should we just pass, or can we insulate ourselves well enough to proceed?
Best,
Dave