Im selling my Acura (not my 911) and there is a lien on the title. US Bank holds the title and they tell me that they will not release the title until 10 days after the loan is paid off.
How the heck do I sell the car then? Is this supposed to be standard proceedure in Calif?
The reason I ask is back in Michigan, the holder of the vehicle holds the title and just signs it over to the new owner.
Here, it appears to be a big hassle...is this how its supposed to work in California?:
* Guy gives me money for the car. I pay off the remaining loan.
* 10 days go by and then the lien holder sends me the title.
* I sign the title over to the new guy and he takes the car and signed title.
WTF?? That doesnt make sense! What guy in his right mind is gonna give me the money up front for the car and then expect me to not give him the title right away!!?
Any advice?
