Quote:
Originally Posted by mekirk2
Ohh, I get it now, since I need to work with the bank and get their signature to release their lien (their interest in the car), I dont own the car.....
Ohh man, I messed up. My wife is listed as an owner on my vehicle titles - listed as me AND her so it requires both signatures to sell it.
Since I, personally, can't do anything with it (sell it, trade it, etc) without her signature I guess I dont own it.
But then again she dont own it since she cant do anything with it without my signature.
Oh crap - what to do what to do.....
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You own sh!t unless you've paid off the vehicle to the lienholder. If you get a boner seeing your name listed as "Owner" on your title, enjoy the false narrative. Most lienholders hold the title and don't release it until you paid off the loan.
Yeah you can sell the car being upside down. They'll pay off your loan and roll your negative equity into a new loan. It's also completely stupid.