Because if there is a loan, there is a lien on the title, which means the bank still owns the car until it is paid off.
Dear levanbarbra:
Greetings. You need to speak with a different type of attorney as we only practice divorce/family law. Good luck.
Janet L. Fritts
Attorney with Rosen Law Firm
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
919.787.6668 main phone
919.256.1665 direct fax
301 McCullough Drive Suite 510
Charlotte, North Carolina 28262
704.644.2831 main voice
704.307.4595 main fax
1829 East Franklin Street, Bldg 600
Chapel Hill, NC 27514
919.321.0780 main phone
919.787.6668 main fax
The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service but a full discussion with an attorney should be undertaken before taking any action.
I have a question about a private car sale. I have a loan for a car that is a private sale, The bank required me to give them a copy of the registration card for the car and that is who the check is made out to. After I rec’d the check I noticed another person on the registration then I have been dealing with apparently the car is in the persons fiances and old boyfriends name. The boyfriend is going to sign a power of attorney for the car so that the girl can do all of the paperwork. My question is this they want me to give them the check to pay off the loan and once the title is cleared get it reissued to just her so that I can get the title transferred. I do not feel I should be giving any money to pay for a loan to pay their car off to get my title. I do not want to get into a legal battle at all. Cant they get the title changed while the loan is still active? Why does it have to be paid off to get the title changed?
HELP