On 3/12/2010 12:23 PM, Cotty wrote:
On 12/3/10, John Sessoms, discombobulated, unleashed:
I have an elderly relative, in very poor health, who can no longer drive
and I have been tasked to dispose of her automobile& pay the off the
loan. I have power of attorney for that transaction.
Citizens holds the lien. I found a buyer and obtained a "10 day payoff"
>from Citizens, which was tendered by the buyer in the form of an
Official Check from their bank, IAW Citizens instructions.
FedEx overnight letter received and signed for by Citizens first thing
the next morning.
Citizens accepted the payment, but now refuses to release the lien or to
return the payment.
I'm possibly going to have to reimburse the buyer out of my own pocket
and sue Citizens to recover.
I just had to have somewhere to let my feelings out. I spent the day
yesterday driving up to see my relative who was hospitalized just about
the same time I was posting on Wednesday.
I no longer have steam coming out of my ears this morning, although I'm
still mad as hell. My blood pressure is up again just in the time it
takes to write this.
Not very sporting of them.
If I had to do same over here, I would just sell the car, get the
payment, ring up the car loan lender, as for a settlement figure,
transfer the money, job done.
I know nothing is ever that easy, but I have an inbuilt distrust of
corporate finance and always hedge my bets with them....
--
Cheers,
Cotty
___/\__
|| (O) | People, Places, Pastiche
---------- http://www.cottysnaps.com
_____________________________
No intellegent buyer will purchase a car without clear title. Without
the bank's consent there is no clear title. However the actions of this
particular finance company strikes me as being akin to fraud. Perhaps
sending the particulars to the State's Attorney General might be in order.
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\viewkind4\uc1\pard\f0\fs20 I've just upgraded to Thunderbird 3.0 and the
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