Quote:
Originally Posted by Squidward
Hey.
I have a possible acquisition on a 2nd gen that is titled in WA. The vehicle is physically in AZ, with the owner who moved to AZ from WA.
The owner is a friend and coworker, so I have no reason to expect shenanigans.
WA is a title holding state. There was a lien on the title 20+ years ago. Vehicle last registered in mid 2000's. But during that time, the financial institution lienholder went out of business. He tried tracking them down for a release of lien to transfer title to AZ, but couldn't get any traction before losing patience.
I've never had to get this weird before with a title. Looking for suggestions on how to make this mine.
Thanks!
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This happened to me on one of my cars. Bank was in Oregon.
Legally when a bank goes out of business they have to transfer their assets to another bank appointed by the Fed reserve. All you need to do Is find the bank that their assets were transferred too and contact them. That is the hard part. this bank changed hands three times for me. PITA headache. They will be able to stamp off the lien if it was paid? LOL mine was not paid off and was 25 years old. They had owed 623.59. but the new bank just went ahead and signed it away when they found out the new owner (myself) had nothing to do with the loan.
Took me 3 months and some paperwork back and forth.
Make sure you get a price reduction for this headache. Could turn out that you
may not ever get is released.
Usually after 10 years the title will drop off the system nation wide if it has not been registered. Ask me how I know this. LOL. Best route would be to see if you can get a title from Classic car title.
Just got a title for my 1970 SS Chevelle. 400.00 bucks.
No funny business and took about 8 weeks. you used to be able to get one from Vermont but they shut that loop-hole down. Got two from them.
Picture of the VIN and fill out some paperwork.
Classic-Titles.com
Heath Parker is the owner. He has a used car business in his state. Will be a Tennessee title.