Corvette owner finds stolen car, but can't get it back [w/video]

It's not too uncommon to hear about owners being reunited with their stolen cars decades after reporting them missing. The story of Terry Dietrich in Georgia starts that way with police finding her lost 1972 Chevrolet Corvette after over 40 years. However, this case takes a different turn because unless she wants to bid on it, Dietrich's likely not getting the 'Vette back.

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Just six months after purchasing it in 1972, Dietrich's blue Corvette was stolen in Georgia, and in 1975 the sports car found its way to a man in North Carolina. He kept the car right up until his death just a few months ago, and that's when restorer Gary Green bought the 'Vette from his widow, according to Yahoo Autos.

Unfortunately, after acquiring the Corvette, Green found some major discrepancies. For one thing, the listed VIN pointed to a '69 convertible, and there was a different serial number on the frame. Green reported the problem to the local police, and they figured out it was the 'Vette Dietrich lost over four decades ago. Consequently, the cops impounded it.

The issue now arises that while Dietrich is the victim of the theft, she isn't technically the car's last legal owner. After the Corvette was stolen, she reported the crime to her insurance company, and it paid on the claim, which essentially forfeited her ownership. To make matters slightly more confusing the company can't find the title on the 'Vette either, according to Yahoo Autos. That leaves the well preserved 'Vette sitting in a police impound lot. It will likely go to auction.
News Source: Yahoo Autos, 11aliveImage Credit: WXIA 11aliveGovernment/LegalVideosChevroletInsuranceUnited StatesPerformance1972 chevy corvetteauto theftcar theftchevychevy corvetterecovered vehiclesstolen carstolen car recoveryvideoChevy Corvette Information

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My car was stolen back in the 80's.  Nobody ever found it,  nobody ever cared.  The cops came to my house as it was driving down the street and they could have stopped it but they NEVER Lifted a finger.  They just sat there asking me stupid questions.  Insurance paid off on the car but that's not the point.  It was that lady's car first and if she pays insurnace back, she should get HER car back!  If I ever found my car,  I'd steal it back in a second.  Screw the insurance companies,  the new owners and even the cops.  That's MY CAR and if I ever see it again,  you better believe it's coming home with ME!  I'll pay insurance the money back and the cops can look into WHY the new owner has and is able to drive a stolen car in the first damn place!

 

Insurance is a lucrative industry, but the people employed are mostly human.  I'm sure that, even 40 years later, the victim of the theft could negotiate a repayment to the insurance company equivalent to the original payout plus interest.  That the car has appreciated significantly more than simple interest should benefit the person that made the deliberate investment, though I'm sure the insurance company would want a piece of that action.  Still, the insurance company paid out the market value when the claim was submitted, and I'm sure the policy clearly stated that the ownership was assumed at that point.  Proceeds from the eventual sale of any recovery, logically, go to the insurance company.  The real loser is the guy who believed he had legally purchased the car, though he was responsible to determine the title status, including altered or alternate VIN.  It's even possible HIS insurance would cover the loss.  40 years later, he might still have a case against the seller, or the state that transferred title, in civil court.  This happens, which is why many states require inspection upon title transfer.

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