Re: Light-Sport Aircraft Yahoo group Question

---

Thanks for the help guys!

Eric

In Sport_Aircraft@yahoogroups.com, "Jim Bair" <JimBair@...> wrote:
>
> Eric,
> Here you go, courtesy of Abid. There are two forms needed, a registration and a bill of sale. Both available from the FAA. Call your local FSDO and they should be able to send you what you need. Abid's list is out of order a bit, as the bill of sale is really #1 as it has to be signed by the seller. #2 is the seller sends the bill of sale to the FAA and that gets the monkey off his back. #3 is the buyer fills out the registration and along with #4, the check for $5, sends an envelope to the FAA. Then sit on your hands until something appears. Then, write a letter saying you scrapped it.
>
> Or, shorten the process. Just have the seller tell the FAA it's been scrapped and he pulls the N-number and data plate. You take home the "pile of parts/scrap metal" and do with it what you want. But the seller has to make it go away either by selling the plane (bill of sale process) or by sending in a letter saying it's been scrapped and is no longer airworthy. I'm not sure about the data plate. Sending that in might be proof the airplane was scrapped. Or maybe the letter is good enough. He just needs to do whatever it takes to get his name off it so the state won't go after him for taxes on it every year or two.
>
> I would personally recommend the shortened process which leaves you out of it and with a "pile of parts" which happen to fly.
>
> Jim
>
> > On Jul 13, 2009, at 12:55 PM, Abid Farooqui wrote:
> >
> > > 1) Application for registration filled out by the buyer. Don't
> > > forget to print buyer's name under the signature (do signature on
> > > the top half of the box). Buyer needs to keep the pink carbon copy
> > > of this app.
> > > 2) FAA Bill Of Sale (Form 8050-2) Signed by the seller properly
> > > 3) $5 check made to the FAA Registration branch
> > > 4) The seller needs to take the white registration card, fill out
> > > the back of the card stating that this aircraft has been sold to
> > > (fill buyer's info) and sign it and send it back in to the FAA at
> > > the address on the card. This card is not to be given to the buyer.
> > > Pink copy is his registration till he gets a new white registration
> > > card from the FAA
> > >
> > > Abid
>
> ----- Original Message -----
> From: Eric Shannon
> To: Sport_Aircraft@yahoogroups.com
> Sent: Thursday, July 30, 2009 9:18 PM
> Subject: Re: Light-Sport Aircraft Yahoo group Question
>
>
> ---
> Hi Jim,
>
> So what is the process of getting it registered in my name? How long does it usually take?
>
> Thanks,
> Eric
>
> In Sport_Aircraft@yahoogroups.com, "Jim Bair" <JimBair@> wrote:
> >
> > At that point, you tell them it has been scrapped. You have to get it off the records. Then it is yours to do as you wish.
> >
> > Jim
> >
> > ----- Original Message -----
> > From: Eric Shannon
> > To: Sport_Aircraft@yahoogroups.com
> > Sent: Thursday, July 30, 2009 8:33 PM
> > Subject: Re: Light-Sport Aircraft Yahoo group Question
> >
> >
> > ---
> > Hi Dan,
> >
> > I took a few items off the aircraft,(brakes, pod, etc..) and it now makes legal weight, and the biggest reason, I am not a Sport Pilot. So, if I send in the bill of sale, and get it registered in my name, then I can do with it what I wish?
> >
> > Eric
> >
> > In Sport_Aircraft@yahoogroups.com, "Dan Charter" <lndc2000@> wrote:
> > >
> > > > I guess I have to ask, Why not keep it registered? I'll be easier to sell later on. Being single seat and 5 gal might keep the FAA from writing violations if and when something goes wrong but you just don't know that for sure. Each violation could be up to $11,000.00
> > > Dan Charter
> > >
> > > --- In Sport_Aircraft@yahoogroups.com, "Jim Bair" <JimBair@> wrote:
> > > >
> > > > Hi Eric,
> > > > Bad news. The previous owner is not off the hook just yet. He needs to send in a bill of sale to make sure they know that *you* are now the current and you can do anything you want with it. If the transaction is not completed, the previous owner will be listed as the current owner until it all gets straightened out. I don't know what the tax situation is in your state, but the previous owner may get a tax bill. That will alert him that he needs to do something. :) That airplane won't disappear until it is officially scrapped by you. And, BTW, you're probably the last owner unless you can find another sucker. By tearing off the data plate and N-number, you have greatly decreased the resale value.
> > > >
> > > > Jim
> > > >
> > > >
> > > > ----- Original Message -----
> > > > From: Eric Shannon
> > > > To: Sport_Aircraft@yahoogroups.com
> > > > Sent: Thursday, July 30, 2009 7:03 PM
> > > > Subject: Light-Sport Aircraft Yahoo group Question
> > > >
> > > >
> > > > I just bought a Quicksilver "ultralight", the owner had it registered experimental and it had an N-number. He did this because it was a little over-weight, the weight is the only thing that makes it non-part 103. My question is, do I legally have to notify the FAA and let them know I purchased this aircraft? I already took the data plate and N-numbers off of the plane as I plan to fly it as an ultralight. I just want to be sure that the previous owner is "off the hook" so to speak as being responsible for the plane.
> > > >
> > > > Thanks,
> > > > Eric
> > > >
> > >
> >
>

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