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LuckyBoy143

can i Sell/Transfer financed car title with no lien

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about 6 7 months ago i financed a car from the bank and when i received the title for the car there was no lien recorded on it so i told the bank to take the car back as i wasnt able to make payments any more because after couple of months i was out of job and unemployed but bank didnt took the car back and about 3 months ago i had to go to overseas so i by mistakenly transferred the title and registered the car under my friend name now the title and registration is under my friend name and i told him to sign and send title to bank along with a letter stating that i did this by mistakenly and he already send the title and a letter stating that bank can add lien on the title and can take the car back and its been 3 month's and i havent heard any thing from the bank and upon checking the dmv site there isnt any lien added on the car and title and the bank hasnt took the car yet what should i do i still have the car and not even using it any more as i want the bank to take the car back 

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In any future posts, please make an effort to use something that resembles proper capitalization and punctuation.  Doing so will make it easier for others to read and understand what you write.

 

 

15 hours ago, LuckyBoy143 said:

about 3 months ago i had to go to overseas so i by mistakenly transferred the title and registered the car under my friend name

 

What do you mean you did this "mistakenly"?

 

 

15 hours ago, LuckyBoy143 said:

what should i do

 

Are you planning to come back to the U.S. at any point in the foreseeable future?

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Hi @LuckyBoy143

 

Welcome to the community and thanks for posting. This sounds like something you may need to deal with directly with the bank. If they have not contacted you in several months, you may want to call them back to discuss this. It sounds like the situation may have gotten rather complicated. Another option is to retain an attorney, however likely that attorney would simply call the bank, so you may want to save some money and try that yourself first.

 

Best of luck!

The FindLaw.com Team

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