title help. please help
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Junior User
Joined: Mar 2011
Posts: 65
Likes: 0
From: concord nc
title help. please help
guys im from nc. i havent been on here for so long. here is my problem. there is a lein on my vin from 1965. well it was through an atlantic acceptance corp. well according to the atlantic acceptance they have sold their auto business to ncnb. well ncnb has sold to nations bank. which is now bank of america. well bank of america swears it is not their loan. so i am lost and dont really know what to do. can anyone help me? do i have any other options?
Fleet Owner
Joined: Jul 2004
Posts: 27,297
Likes: 1,059
From: NM
I assume you see the lien on the physical title you have? and you haven't transferred title yet? If that is correct, I'd apply for a bonded title, saying the old one is lost. You pay like $50 to buy title insurance, and if no one ever contests it, you can get a regular title after some period of time. It doesn't sound like anyone is going to put a claim against it, I'd bet when Atlantic Acceptance went belly up they wrote off the loan financially, but didn't do the proper paperwork.
Senior User
Joined: Mar 2011
Posts: 117
Likes: 0
From: Marana, AZ
Good Luck - Keli
Lead Driver
Joined: Dec 2004
Posts: 7,669
Likes: 13
From: San Jose, CA
Maybe get a letter from each company stating that they sold the acounts to the other banks and then get a letter from BofA stating that they have no record.
Perhaps showing the trail to the DMV will help you resolve the lien.
Perhaps showing the trail to the DMV will help you resolve the lien.
Hotshot
Joined: Oct 2009
Posts: 16,188
Likes: 4,795
From: Burbank, WA
Since the VIN for the truck is in 'the system', going through a title company won't work. All you need is to find someone at B of A to sign off on the lien to show it as paid, or satisfied. But finding the person willing or able to do that could be time consuming. It's a scenerio I'm familiar with, but finally I was able to locate someone with some common sense and they just signed it. You just need to keep going up their chain of command.
Beyond that, it would be a matter of asking your state licensing department for their recommended procedure to remedy the situation. I feel for you. Title issues can be extremely frustrating. Good luck.
Beyond that, it would be a matter of asking your state licensing department for their recommended procedure to remedy the situation. I feel for you. Title issues can be extremely frustrating. Good luck.
Elder User
Joined: Jun 2011
Posts: 940
Likes: 4
From: Illinois
Since the VIN for the truck is in 'the system', going through a title company won't work. All you need is to find someone at B of A to sign off on the lien to show it as paid, or satisfied. But finding the person willing or able to do that could be time consuming. It's a scenerio I'm familiar with, but finally I was able to locate someone with some common sense and they just signed it. You just need to keep going up their chain of command.
Beyond that, it would be a matter of asking your state licensing department for their recommended procedure to remedy the situation. I feel for you. Title issues can be extremely frustrating. Good luck.
Beyond that, it would be a matter of asking your state licensing department for their recommended procedure to remedy the situation. I feel for you. Title issues can be extremely frustrating. Good luck.
I agree. Go up the chain of command. Just keep asking the person you are talking to who their boss is and call that person. Might take some time.
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Lead Driver
Joined: Dec 2004
Posts: 7,669
Likes: 13
From: San Jose, CA
Open a bank account at BofA, put some money in it, then ask the branch manager for help with your situation.
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Thread Starter
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Junior User
Joined: Mar 2011
Posts: 65
Likes: 0
From: concord nc
hey guys this is pretty old but i wanted everyone to know what happened with my title. it may help someone later. i ended up calling the state and explaining to them my situation and the guy told me to send a certified letter to the company where it was back in the 60s. when it comes back unopened and undeliverable i was to forward to the state of nc in a certified letter. then the state would send the letter certified to AAC and when it came back to them undeliverable they would say the company was out of business and they would clear the title. i am still waiting on them but i should get a clear title sometime soon. i hope....
Posting Guru
Joined: May 2010
Posts: 1,057
Likes: 2
From: Kalamazoo MI
Good to hear that you are reaching a solution on the title. Having worked in the car sales business for years, old titles can be a hassle. Even worse is when there is no title. Many states now require a title regardless of year. The good ole' bill of sale no longer cuts it in many states. I look at it this way - while it's a pain to clear up issues, what if you had a valid lien in place and a state didn't help enforce it? I have seen people sign (forge) a lien holders signature to get a title pushed through. Not only is that not right, it's VERY illegal. I am glad to hear that are taking the steps to correct it legally. You will be much happier in the future with a good, clear title in your hand. Good luck!
P.S. I HATE when I go to buy a vehicle and people tell me they misplaced or lost the title. I know it happens but it makes me leary to deal with that person. I had a truck stolen and the "new owner" sold it on ebay without a title. I recovered it 2 years later. Titles prove ownership and to me it's just as important as the truck itself. Sorry about my rant there... lol
P.S. I HATE when I go to buy a vehicle and people tell me they misplaced or lost the title. I know it happens but it makes me leary to deal with that person. I had a truck stolen and the "new owner" sold it on ebay without a title. I recovered it 2 years later. Titles prove ownership and to me it's just as important as the truck itself. Sorry about my rant there... lol
Hotshot
Joined: Oct 2009
Posts: 16,188
Likes: 4,795
From: Burbank, WA
Thanks for the update! 
I'm glad this is all working out.
I, too, hate those ads where the seller says he doesn't have a title, but will provide a bill of sale. Then they like to add insult to injury when they say it's easy to get. If it was so easy, why haven't they done it? If it was legitimately their vehicle, they can apply for a lost title very easily. It's not so easy for the next guy. If they don't have a title, legally, it's not theirs to sell.
I'm glad this is all working out. I, too, hate those ads where the seller says he doesn't have a title, but will provide a bill of sale. Then they like to add insult to injury when they say it's easy to get. If it was so easy, why haven't they done it? If it was legitimately their vehicle, they can apply for a lost title very easily. It's not so easy for the next guy. If they don't have a title, legally, it's not theirs to sell.
Fleet Owner
Joined: Jul 2004
Posts: 27,297
Likes: 1,059
From: NM
Glad it worked out!
Another seller's wrinkle that I steer away from is when they have a clear title but haven't transferred it to their name in the 5 years they've owned it (even better when it's an out of state title). They avoided paying taxes on the purchase that way, but MVD will smack the new owner with back fees in some cases.
Another seller's wrinkle that I steer away from is when they have a clear title but haven't transferred it to their name in the 5 years they've owned it (even better when it's an out of state title). They avoided paying taxes on the purchase that way, but MVD will smack the new owner with back fees in some cases.
Senior User
Joined: Jun 2006
Posts: 493
Likes: 0
Glad to hear you got it figured out.
When I bought my 49 I got lucky at least I like to think so. I bought it with a bill of sale from a junk yard, no big deal.
My local DMV did not want to title it. Turns out one of my coworkers mother worked at a DMV about 2 hours away. She told me it shouldn't be a problem to title because of the age. Still had problems. Ended up she titled it with her address for me.
Think I gave her son $200 to do so, cost for title and all the fees whatever. Never did see any change, but none the less, I have a clear title to my truck.
When I bought my 49 I got lucky at least I like to think so. I bought it with a bill of sale from a junk yard, no big deal.
My local DMV did not want to title it. Turns out one of my coworkers mother worked at a DMV about 2 hours away. She told me it shouldn't be a problem to title because of the age. Still had problems. Ended up she titled it with her address for me.
Think I gave her son $200 to do so, cost for title and all the fees whatever. Never did see any change, but none the less, I have a clear title to my truck.
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