i moved to california and i couldnt bring my car with me. the bank has my title because i refinanced my car and i have a balance. the balance is the amount the car is worth. can i sell the car and then tell the people who are buying it that once we get the payment, then we will mail them the title to the car????
2006-07-10 17:53:23 · 3 answers · asked by me 2 in Cars & Transportation ➔ Other - Cars & Transportation
You can sell the car and when the bank gets their money, they will send the title to the new owner. Since the loan is in your name, you are responsible for any payments. If you sell it absentee you should give someone you trust a limited power of attorney to handle the transaction.
2006-07-10 18:02:45 · answer #1 · answered by Anonymous · 2⤊ 0⤋
no is agains the law to do this in any state. The vehicle must be sold by the owner any thirdparties must have the permision of the owner to sell. If the bank has the title they are the owners and if you sell you can go to jail (sorry in california you will go to jail), you must work it out with the bank because they must recieve the payment directly and any moneys above what you owe on the car goes to you.
2006-07-10 17:59:56 · answer #2 · answered by wiseornotyoudecide 6 · 0⤊ 0⤋
yes, first check with title holder,the bank only care to get money back,there might be a small ex charge.
2006-07-10 18:02:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋