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we had a dozen brand new tractors in katrina. They were sold as scrape. Unfortunatly we didn't know the law. You are supposed to turn in the titles and get a 'scrape' title. they weren't insured so we didn't send the titles to an ins co. which would have known what to do. A few months later the FBI called us wanted some history. Somebody bought one for about 75K-75% of orig price. Thought they were getting a deal. We didn't get into trouble because the bill of sale had the scrape details on them
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Alex
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