Tim bought a stolen tractor.

   / Tim bought a stolen tractor. #21  
Even buying from a dealer may not be perfectly safe. Tractors have become so expensive now, they SHOULD have titles just like cars and trucks.

Even back in the 50's tractors cost more then cars,
And as far as buying from a dealer being safe, their have been several incidents of dealers going out of business and defaulting
on their floor plan financing leaving buyers in financial limbo having paid the dealer and then a bank coming after them as they
hadn't been paid by the dealer.
 
   / Tim bought a stolen tractor. #22  
I got an issue with a tractor now that is tied up with attorneys, banks and the attorney generals office.

It is a 525 Cat Skidder, left when the logger who was cutting on me got done cutting wood, and never paid me. He cannot afford the skidder payment so intended for it to go back to the bank.

Unpaid, I had my attorneys put a Mechanic Lien on it, and under Maine Law, people holding mechanic liens have first rights to any property. This puts it in serious limbo because it is worth about $22,000 and yet the guy only owes me $15,000 or so. It will take me about 3 years for the restitution to work through the court system, but I could sell the skidder cheap and get my money a lot faster. I just need a clear authority to do that. I have ZERO interest in the tractor...it is a Caterpillar after all :)

As for storage fees, I figure $20 a day is about right. It has been sitting here since March 21st 2018.
 
   / Tim bought a stolen tractor. #23  
I got an issue with a tractor now that is tied up with attorneys, banks and the attorney generals office.

It is a 525 Cat Skidder, left when the logger who was cutting on me got done cutting wood, and never paid me. He cannot afford the skidder payment so intended for it to go back to the bank.

Unpaid, I had my attorneys put a Mechanic Lien on it, and under Maine Law, people holding mechanic liens have first rights to any property. This puts it in serious limbo because it is worth about $22,000 and yet the guy only owes me $15,000 or so. It will take me about 3 years for the restitution to work through the court system, but I could sell the skidder cheap and get my money a lot faster. I just need a clear authority to do that. I have ZERO interest in the tractor...it is a Caterpillar after all :)

As for storage fees, I figure $20 a day is about right. It has been sitting here since March 21st 2018.
Hopefully that will work out for you, and enable you to collect your money faster. At least you have some leverage. Even if you do get a judgement it could take years to collect; and all that they need to do is declare bankruptcy to get out of it. ,
 
   / Tim bought a stolen tractor. #24  
Though I am sure the Deere dealer who reclaimed its stolen and depreciated tractor is under no obligation to do so, it would be nice if they sent you a check for 50% of what you paid at the auction, along with a THANK YOU card.
 
   / Tim bought a stolen tractor. #25  
Hey TTw/T:
Saw that video....thank you for leading by example of what a class act looks like.
Well done sir......
Pray it all works out well for you......

Now I've been following your shopping series but have been busy and don't know how you have fared.

Have you decided on what tractor your going to upgrade to?

I know you're keeping lil' Johnny lol.....

Kindest regards....
 
   / Tim bought a stolen tractor. #26  
If the auction doesn't pay up, and you have a judgment, when they plan for next year's auction, try to get an injunction to stop them from having it.
 
   / Tim bought a stolen tractor. #27  
That is quite a story, and hard to believe. I hate to hear about stuff like this happening to good people. No question this is on the auction house -- they really blew it.
 
   / Tim bought a stolen tractor. #28  
If the auction doesn't pay up, and you have a judgment, when they plan for next year's auction, try to get an injunction to stop them from having it.

I'd have a picket sign at the road entrance warning people they sell stolen goods.
 
   / Tim bought a stolen tractor. #29  
Hey TTw/T:
Saw that video....thank you for leading by example of what a class act looks like.
Well done sir......
Pray it all works out well for you......

Now I've been following your shopping series but have been busy and don't know how you have fared.

Have you decided on what tractor your going to upgrade to?

I know you're keeping lil' Johnny lol.....

Kindest regards....

We haven't made any decisions. Incredibly busy this time of year, and might not want to make any decisions until we get this issue resolved anyway.

One advantage of choosing the Kioti would be that we already had a name picked out. ...but I see your screen name beat us to it :)
 
   / Tim bought a stolen tractor. #30  
That is quite a story, and hard to believe. I hate to hear about stuff like this happening to good people. No question this is on the auction house -- they really blew it.

This was a charity auction. Small town. No one could image such a thing.
They have only one auction per year, to raise money for the Ruritan Club to operate throughout the year.
The Ruritan club did the check-in for all of the tractors and equipment.
The auctioneers were donating their time...on the day of auction only.

Please understand that many of the Ruritan Club members are neighbors and friends of my family for several generations. All local farmers.
So, this is incredibly difficult situation. It is pretty clear that the responsibility lies with the Ruritan Club (or the Auctioneer, not sure), but we are trying to give them as much time as possible to 'come to their senses' before we formally file suit.

Believe it or not, we have no hard feelings, as there was no ill intent by these groups. We just want our money back (and now, our accumulated legal fees).

Tim
 

Tractor & Equipment Auctions

1995 FORD F-800 BOX TRUCK (A50854)
1995 FORD F-800...
2011 Cadillac SRX LUXURY (A50324)
2011 Cadillac SRX...
1041 (A50459)
1041 (A50459)
NEW 2022 Load Trail CH 83IN x 18FT Equipment Trailer (A51039)
NEW 2022 Load...
PHENIX TECH HI POT MACHINE (A50854)
PHENIX TECH HI POT...
2019 John Deere 8295R MFWD Tractor (A50657)
2019 John Deere...
 
Top