Clipper965
Member
What is the name of your state (only U.S. law)? FLORIDA
My mother passed in Feb. My car and loan was in her name. Because her Estate is not being probated we are using a paralegal to settle her estate. The Paralegal had this to say about my car " if you want to keep the car: (1) we will need to open probate in order to transfer title to him; or (2) you can give the car back to the bank and let them know that you would like to buy the car (if you have the money or can get a loan to do so). But Cathy said that with the option 2, once you hand the car over to the bank they can sell it to anyone, so you run the risk of not being able to buy it. If I recall correctly, you are upside down on the car, so perhaps giving the Montero to the bank and purchasing another car is a better option.
I would like to buy the car but is there any way to do so that is not such hassle?What is the name of your state (only U.S. law)?
My mother passed in Feb. My car and loan was in her name. Because her Estate is not being probated we are using a paralegal to settle her estate. The Paralegal had this to say about my car " if you want to keep the car: (1) we will need to open probate in order to transfer title to him; or (2) you can give the car back to the bank and let them know that you would like to buy the car (if you have the money or can get a loan to do so). But Cathy said that with the option 2, once you hand the car over to the bank they can sell it to anyone, so you run the risk of not being able to buy it. If I recall correctly, you are upside down on the car, so perhaps giving the Montero to the bank and purchasing another car is a better option.
I would like to buy the car but is there any way to do so that is not such hassle?What is the name of your state (only U.S. law)?