I have bought hundreds of cars in my short lifetime. Every time I have financed a car, the bank held the title until the note was paid in full. Once the note is paid in full the title was always sent to me , via mail within 30 calander days after receipt of full payment with a release of lien from the financial institution.
On the other hand when I physically went to the bank and paid the lien off, the bank would provide a release of lien and give me the original title that was in the file.
Hammertime it does seem this thread is a lost cause......... :cry:
I have a few questions.
Why does the bank have the title if the note is paid in full?
If the note isn't paid in full is the loan really in default?
If the loan is in default why does'nt the seller provide the bank with the information for repo the car or Shouldn't the buyer be worried the bank might repo the car?
What a friggin mess.
I know it is had to keep composure, but when dealing with a mess like this it may help to try to keep a higher level of professionalism than your critics.
I have to tell ya, I am a critic on both sides.
No one really can determine the truth, who's right and who's wrong.
Whom ever forces legal action will have the upper hand, whether they are right or wrong, based off the info currently provided.
I think I would crack somenes head myself, but i certainly wouldn't let anyone know my intention.
Usually when a guy is running at the mouth, thats all he is doing, its the guy that keeps quite, that has big plans to straighten their problems out, their own way and when they are ready...............
It is really odd. Believe it or not both of these guys have rights for recovery.
Firebird can go to wayneworld's home town, where the car is garaged, call the police and take possession of the car. No questions asked.
On the otherhand, I believe waynesworld have a right for claim utilizing the court process.
It seems to me the both of you would benifit by resolving this issue with the following, FAIR compromise.
How bout you both agree to dissagree and split the difference. Meet eachother half way on the deal and the travel required to finalize the deal.
Firebird accept $500.00 for the title and waynesworld give him the 500 bucks. In return firebird will surrender a lien free title to waynesworld.
Both of you Agree to meet eachother at a mid point at a local police station, hand write a final bill of sale as noted above, have it notorized at the police station and both leave with this problem resolved as best as it can be knowing, no one will ever win this one upmanship quarral.
If this doesn't resolve your problem, I RESPECTIVELY request both of you refrain from posting any further info on this thread until some type of legal action is taken.
By the way tod74, I was thinking the same thing, LOL :lol: