Within the last 6 weeks I purchased a nice 1994 940 turbo sedan form an ebay related deal. I am new to Volvos and so far I really dig this car. The problem is, so far the seller has yet to produce a clear title. I have purchased a few cars through ebay before and have been very happy with the results, but with this car I contacted the seller after his auction expired (with no bidders) and worked a deal for $2200. I explicitly asked him if he had a clear title and he replied that he did. But here is where the fun starts, after taking delivery on the car, as it turns out he owes about $6100 on this car and his bank obviously will not release the title. So far I give the seller the benefit of the doubt. It is obvious that the seller in no mental giant and perhaps he does not know what a clear title means. He later said that he was under the impression that be could continue to make the payments and there would be no problem. Perhaps he is mentally impaired or mentally unstable to some degree. I honestly do not think that he did this in a malicious manner. Anyway to date I have about $3000 wrapped up in this car with the purchase price, transport cost, and some repair. So what does one do now? I am driving this car around daily with my insurance coverage and his out of state plate on it. His bank wont budge, my money is long since gone, and it seams to be a stalemate. Do I just take a loss and part this perfectly running car out? Is there any resale value in parts on these cars? The seller is a young person I assume of no finacial means, so reversing the deal does not appear to be an option. Any advise is greatly appreciated.

derek