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I want to purchase a vehicle from a private seller and he has a lien on it. I would be getting a loan through my bank to buy it. If what i am giving him takes care of most of what he owes yet, how does the bank take care of the title? Does he have the title to give to me or does his bank have it and they give it to my bank? Who will actually hold the title while it is registered, me or the bank? Advise please
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