What to do?
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  1. #1
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    What to do?

    About a year ago I bought a gun listed on armslist. It was a local ftf sale. I got a deal but not a great deal. The seller seemed like a reputable guy and an ex-marine if i recall.
    Anyhow, he called me today kind of in panic mode and wanting to buy back the gun. He said that it was his friends gun but his friend gave it to him as collateral for money he owed to him. He said his friend disappeared for over a year so he sold it to get back his money. Now his friend is back, has money and wants his gun.

    What should I do?

  2. #2
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    Figure out a reasonable ? "rate of return" on your investment, plus appreciation if applicable, and offer to return it for that amount. or not.

  3. #3
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    Keep it, or sell it back to him at a profit.
    I would see if you can find and print the armslist ad
    Curtis M Brier, CPA, CIA, CFE

    Amat Victoria Curam

    Never buy a gun you'll have to make excuses for later

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  5. #4
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    What would happen if his friend reported it stolen?
    deyomatic likes this.

  6. #5
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    Get your money back and let him have it. I don't think you want to get in the middle of whatever is going on. Make sure you follow the law and do the necessary paper work.
    kenhwind, JOG, MarkInTx and 8 others like this.

  7. #6
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    Quote Originally Posted by ussmanlovede36 View Post
    Get your money back and let him have it. I don't think you want to get in the middle of whatever is going on. Make sure you follow the law and do the necessary paper work.
    This path is the most logical, any other path might have some unexpected bumps or turns.
    Ken
    "I like Colts and will die that way"

  8. #7
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    When you bought the gun did you get a bill of sale?
    I’d rather be in the middle of nowhere than in any city on earth.

  9. #8
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    Quote Originally Posted by smutt View Post
    When you bought the gun did you get a bill of sale?
    Yes. But would a bill of sale ensure its my property if it were reported stolen? I might be wrong, but I assume if it were reported stolen id have to return it to the original owner regardless what the seller and I worked out. Id have to try and recover money from the seller; not the owner.

  10. #9
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    Only you know how to handle this .

    Sounds like a hassle in the making . Were it me , I would sell it back(cash) at whatever $ I had in it . Do the transfer through a dealer so there is a transfer record and so that you know the buyer can pass a background check . The buyer can pay the dealer fee .
    Condition Yellow


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  11. #10
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    A bill of sale will be a defense against a charge of knowingly receiving stolen property. I personally would get my money back from the guy who sold it to you and wash my hands of the problem. And after getting my money back he’d get a good tongue lashing. I bet if he had originally told you why he was selling the gun you wouldn’t have bought it.
    Kerz, mentallapse, WVCOLT and 2 others like this.
    I’d rather be in the middle of nowhere than in any city on earth.


 
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