How do you transfer a car, when the original owner still owes money to the bank for it?

Question

My Aunt is going to give me her car, she paid it off but then found out that there are still fees owed to the bank.So they haven't given her the title. How do you go about transfering a car this way? Obviously I will pay the fees but where do I start? With the Bank? Or the DMV? Any info would help! Thanx!

Answer 1

You have to go through the bank that holds the lein. Make sure your aunt is w/ you when you go, they will have her sign of and give you release of lein form then you can go to motor vehicle.

Answer 2

If she paid it off, why would their be any fees. Sometimes you have to pay to have the lein released at the county or state. Then you have to pay for a new title. If I knew what state you lived in I could look this up for you. But I do not understand a bank charging any fees for releasing the title unless it is Wells Fargo Bank, than anything is possible.

Answer 3

He can not legally bypass possession over to you, till he has the identify. The decrease back of the identify has a type you fill out whilst he sells the motor vehicle to somebody else. He might put in your call, how lots he bought it to you for, and you will the two sign it. then you definately might flow on your branch of motorized automobiles, or in spite of, and get the identify put in your call. He might additionally would desire to fill out a invoice of sale, which lays out the information of the sale of the motor vehicle to you. fairly, he's no longer the owner. The economic employer is the owner till the motor vehicle is paid off. i does no longer do employer, somewhat with some thing of this magnitude, with somebody who did no longer be conscious of what they're doing. The Rodeo isn't a marvelous motor vehicle, the two. i might propose a Toyota 4Runner, or a Nissan Pathfinder.