Legal Question in Consumer Law in Georgia
selling car with title pending
I am selling a car but and have someone interested but I owe more than I am asking for car.I am in the process of getting a loan to pay off remaining amount (I have the loan approved but it is taking some time to have the transaction go through),but can I go ahead sell the car and draw up some legal documents stating that I will hand over the title once the loan has been paid in full?Meaning that the buyer will be protected and be assured he will get the title.
Asked on 7/22/07, 6:22 pm
2 Answers from Attorneys
Charles W. Field
Charles W. Field, Attorney at Law
Re: selling car with title pending
You can't sell the car (i.e., transfer the title) until you have free and clear title.
Answered on 7/23/07, 5:08 pm
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Re: selling car with title pending
You need clear title first.
Answered on 7/22/07, 8:26 pm
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