Quote:
Originally Posted by TAKerry
Very curious as to why they did not want you to sign the title over? You were the legal owner selling the vehicle. The POA is ok but if the owner is present and can sign it shouldnt have been that big of a deal.
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The third party, Caramel, handles the entire transaction. They receive the funds from the buyer. Then the seller sends the title to Caramel. The seller signs a power of attorney for Caramel. Caramel receives the title and transfers it to the buyer. I assume the buyer also gives POA to Caramel. I didn't understand why our signing the title should matter. Maybe because we couldn't be present at the DMV? Missouri DMV also said there shouldn't be a problem. It all would have worked just fine if they would have given me explicit instructions immediately. I own not reading and seeking understanding of the process. Lesson learned.
I recently bought a wrecked 2013 Camaro SS through Ridesafely. Ridesafely is a broker. They purchased from Copart on my behalf. Caramel should take some pointers from them. They were very thorough in leading me through the entire process. They had a checklist to make it very clear. Each point turns green when it's completed in sequence.