help please!

I am in texas. This is the situation. I refinanced my car, and when I did my old bank loaner sent me the title instead of to the new bank. I kept it for about a yr not thinking about it. A few months ago my car was stolen and the insurance co. gave me the money. I stupidly spent the money paying off things...thinking I can just continue making payments for the car . But recently I received mail from the new bank that I need to give them the title. My question is what should I do? Am I in big trouble? Thanks for any help u may give me..or any suggestions.

Hi G35_gril this is eaglscout, I am not a lawyer. My feeling is go with the truth. contact the bank, tell them you have the title, but the car was stolen. find out what kind of payout is involved and payment terms etc. Obvioulsy they have a lean on the car, right? But the car is not in your possession. I don't think you have done anything illegal..in fact if you continue to pay off the car loan and give them the 'title' they will just keep it until you have paid them and they will send you back the title..which is worth nothing if you don't have a car. So again it's not like you are in trouble, it is just finding out a way to pay for things. This may not be the best or correct 'legal advice' but is is logical...just explain whats up. They will keep demading an answer so give it to them like you explained it. That is my opiion for what ever it is worth.


good luck,
eaglescout

Thank you.Well I dont have the title. The insurance company asked for it. I guess I have to go ahead and tell them. I feel lika a kid who broke his parents vase and now I have to tell them. Hopefully I can just keep paying them and they wont make a hassle.