This has happened to me! I purchased a car last year, HPI'd it, nothing came back, had the car a few months, then sold on to my friend in February this year - LBL have just been to my friends to seize the car last weekend due to the owner before me taking out a loan on it! which I am very angry about, as we have had to do the honourable thing being friends and foot the bill!!!! I was angry that my friend has paid them, but he and his wife were terrified, they were very threatening!
The person who we bought it off who got he LBL on it has naturally moved addresses now!!! You can imagine how I am feeling right now!!!!