Q: I have an RV, I defaulted on the note. The bank wrote it off but are still on the title. How do I get the title cleared?
I have had the vehicle stored and not used for 13 years. I would like to dispose of it but cannot without a proper title.
A:
If a bank has written off a loan but remains on the title of your RV, you may still need to address the loan to obtain a clear title. Start by contacting the bank to negotiate a release of their lien, potentially for less than the amount owed given the time elapsed. If the bank agrees, they should provide you with a lien release document. Then, you can apply for a new title with your state's Department of Motor Vehicles (DMV).
If the bank is unresponsive or refuses to provide a lien release, you might need to pay the outstanding balance or seek legal assistance to explore other options such as a quiet title action, depending on the specifics of your situation and state law. Keep in mind that laws and procedures can vary greatly from state to state, so you may want to consult with a local attorney for guidance tailored to your circumstances.
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