What should I do about this Lien release?

Question

We have a car that we took a loan out against. We paid off that loan. We want to sell the car now, and found someone interested in buying it. I couldn't find the title, then I remembered that the finance company still had it. Went to the finance company today, and even though I called before hand to tell them I was coming, they said they forgot that they didn't have a notary today, and to come back tomorrow. The guy is a jerk and treated me rudely. Anyway, I told them I would be back, tomorrow and the buyer is ready to buy tomorrow. Will I get my actual title back from the loan company or just a release of title? What needs to be done to get this car sold? Is it unreasonable to assume that since I gave the loan company my title, they have it filed somewhere and will give it back to me on that day or do they transfer it over to some place else? And (sorry) lastly, will it take a few days for my title to clear, if I have to get a new title from the DMV or can I do that tomorrow

Answer 1

If the lien is cleared you should get the title. It depends on how long ago you paid it off but you should be able to sell the car that day

Answer 2

Honestly, the finance company should have mailed it to you.  You shouldn't have had to go through this at all.  I would be peeved.  

Nonetheless, the title will be clear the day you get your hands on it.  In fact, I doubt if the actual paperwork has been modified at all.  Generally, when you send them the title in trade for a check, they don't mess with it, they just file it.  They should have it all set up for you, and all you'll need to do is sign it and hand it to the new buyer.

Good luck!

Answer 3

You should have received the title upon your last payment of the car. There isn't any reason why they wouldn't have it for you if you've completely paid it off.

I would keep calling them and going up there. You have every right to have that title. It's your car! If they say they can't, then write them up to the BBB (Better Business Bureau). You should have the title!