please help !!buying a used car which still owns bank money
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You should send the $ to the credit union only. They will extinguish the debt, send to you the clear title, and then send to the seller the difference of your agreed upon sale price and the amount due on the note.
Make sure they do not send that title to the seller! The title should go to you. If it goes to the seller you then have no title!
Don't worry about his signature on the title. It is not necessary.
It is an accepted business means to extinguish a note with sale proceeds at the time of the sale.
Make sure they do not send that title to the seller! The title should go to you. If it goes to the seller you then have no title!
Don't worry about his signature on the title. It is not necessary.
It is an accepted business means to extinguish a note with sale proceeds at the time of the sale.
just deal directly with his bank since they are the holder of the title. once you pay for the car, the title should be sent directly to you.
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