Title transfer to CO with a lien?

holson · 05-22-2009, 11:15 AM

Hey guys,

I just sold my car to a member in Denver, CO but the credit union he's working with wants me to send the title to them (the CU) before they send me a check (or wire transfer the money).

It just seems odd to me - shouldn't the CU cut the check to the buyer so he (buyer) can send the money to me?

Thanks in advance for any pointers.

Holson

ToadHollow · 05-22-2009, 12:30 PM

Quote:

Originally Posted by holson

Hey guys,

I just sold my car to a member in Denver, CO but the credit union he's working with wants me to send the title to them (the CU) before they send me a check (or wire transfer the money).

It just seems odd to me - shouldn't the CU cut the check to the buyer so he (buyer) can send the money to me?

Thanks in advance for any pointers.

Holson

Not if the Creidt Union is financing the purchase.

F82_SID · 05-22-2009, 02:30 PM

If you were dealing with a private seller who was making this request then I might be suspicious; but since it is a bank then you should be ok.

05-22-2009, 11:15 AM	#1
holson First Lieutenant 10 Rep 348 Posts Drives: Enterprise Rent-A-Car Join Date: Sep 2006 Location: Watertown, MA iTrader: (0)	Title transfer to CO with a lien? Hey guys, I just sold my car to a member in Denver, CO but the credit union he's working with wants me to send the title to them (the CU) before they send me a check (or wire transfer the money). It just seems odd to me - shouldn't the CU cut the check to the buyer so he (buyer) can send the money to me? Thanks in advance for any pointers. Holson __________________ --
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05-22-2009, 02:30 PM	#3
F82_SID Brigadier General 208 Rep 3,153 Posts Drives: 2020 M2C 6mt HK Silver Join Date: Jan 2008 Location: Denver, CO. USA iTrader: (2)	If you were dealing with a private seller who was making this request then I might be suspicious; but since it is a bank then you should be ok. __________________ 2011/E92/M3/MR/BB/ZCV/ZP2/EDC/2MT
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