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Old 08-12-2008   #3 (permalink)
nithya
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Default Re : Auto Auction Fraud

Not too many people are worried about flooded cars, but it's one of the top issues you should be worried about. In Houston 20,000 homes and cars were flooded with $1 Billion in damage. Thousands of cars and trucks were abandoned as rising waters flooded I-10, I-59, and I-45. By law, the titles of these cars will be "totaled" or branded as "flooded" by insurance companies, and many will be laundered back to used car status in these states or others.Not too many people are worried about flooded cars, but it's one of the top issues you should be worried about. In Houston 20,000 homes and cars were flooded with $1 Billion in damage. Thousands of cars and trucks were abandoned as rising waters flooded I-10, I-59, and I-45. By law, the titles of these cars will be "totaled" or branded as "flooded" by insurance companies, and many will be laundered back to used car status in these states or others.
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Nithya

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