how to transfer a car when bank holds title

5

Asked by Nov 13, 2016 at 09:05 AM

Question type: Car Selling & Trading In

3 Answers

19,725

Hire a cat burglar, you know, one of those ninja guys in the movies, and get him to break into the bank and get the title- then bribe the DMV clerk to overlook the "Lien" part and get a new title- see? SIMPLE!!

1 out of 1 people think this is helpful.
210,565

You pay the loan off and the bank released the title. Search online for more info. plenty of info out there.

16,335

If you bought a car and need to transfer ownership to yourself with the bank holding the title, they issue you a 'certificate of title.' If you are attempting to sell a car with the bank still holding the title, you need to pay them off first, then they'll send you the title. That process can take several days so you'll need a patient buyer. Sometimes the lien-holder will issue you another certificate of title so the new buyer can get temporary tags, and some title bureaus will accept a bill of sale to issue temp tags, so that gives you 30 days to get the title to the buyer.

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