Legal Question in Consumer Law in Texas

sale of a car

Is it legal for a seller to withhold releasing the car to the new owners if the owners have paid the loan by wiring the money to the loan and it has been paid in full and closed but the owner has been told it could take 2 weeks for it to finalize so she is a fraid to give us the car. Can she legally keep this car from us when we have a loan and this car actually now belongs to our bank as collatarel? What are the new owners legal rights and what should they do?


Asked on 4/27/07, 7:30 am

1 Answer from Attorneys
Johm Smith tom's

Re: sale of a car

Sounds like you just need to get the bank to confirm that it is holding the money to get interest on it but that it will honor the transaction. If that is not the case, then you can't expect the seller to give you the car until they know they have full payment.

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Answered on 4/27/07, 11:54 am


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