Quote:
Originally Posted by jumpman86
Thanks for the feedback. I think Penfed required me to complete a form and submit to the seller's bank where it asked the seller's bank to send the lien release and the title over to Pen Fed directly. I think in my case, it may be delayed because of that form. I will try to ask if the seller can instruct his bank to send over the title and original lien release directly to me instead.
Thanks for your help.
Ed
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Yeah with the seller having a lien it can extend things if Penfed wants to receive the title. Also bank policies can change over time so it may be different now than it was 3-5 years ago. If penfed asked the bank to send the lien release to them then I would just have them do that. Don't go and ask his bank to do otherwise as it may seem shady to them, instead contact Penfed and ask them how it will work because I highly doubt they will be able to title the car in your name (unless you filled out a power of attorney form and they have agents in NJ which is unlikely).