2006-12-13 15:40:01 · 4 answers · asked by Patrick D 1 in Cars & Transportation ➔ Buying & Selling
The bank will stamp your title with their paid stamp and send it to you...from that point you can legally do whatever with the car...sell it and you only have to sign over the title, simple right? Well when a bank or institution loses your title they will usually only provide you with a lien release letter, you would then have to go replace the title yourself, including producing the lien release letter to have the lienholder's name removed. I think they do that because they don't want to pay to have your title replaced, most certainly won't pay to have their name removed either...is that your situation? Did the bank just lose your title? You could attempt to have them pay to replace it since they technically owe you a title, but it is really just easier to pay for your titl yourself. Less hassle means quicker return of your title. Hope this helps!
2006-12-13 15:56:30 · answer #1 · answered by jay_fox_rok_god 3 · 0⤊ 0⤋
Very complicated because this manner of excellent type of states are in contact...You requested the monetary employer in Okla for the identify and they'd no idea yet did you ask them for a duplicate of the lien launch. (when you consider that they're 2 separate files) ? in case you financed it there and payed it off, they must be the monetary employer that had the lien. good ? If i'm incorrect then it looks you'll choose the lien launch from the monetary employer the position your ex financed it. Sorry yet i'm somewhat "foggy" this morning :>)
2016-11-26 02:08:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Because you have to have the title company sign over the title to you. They are technically part owners. Just because you made your last payment doesn't mean its yours. You probably have to sign some documents too. When the bank gives you that loan, they are taking the risk that you are going to pay so it just needs to be released from them to you
2006-12-13 15:48:00 · answer #3 · answered by s 3 · 0⤊ 0⤋
i don't know on this one,,i never heard of that before,,the bank should have had the title on it,,it doesn't make any sense at all ,,when i payed mine off they had the title right there.id ask them ,and see what they said about it,,it almost sounds like the might have sold the loan out,,good luck,i hope this help,s.,,have a good x-mas.
2006-12-13 15:46:59 · answer #4 · answered by dodge man 7 · 0⤊ 0⤋