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Bank holding title out of state

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G

GKW

Guest
I was getting ready to purchase a car from an individual. When we agreed on the price, I was expecting to meet him at his bank to get the title. I discovered that the bank is in another state. How do we conduct this transaction.

He had drawn up a bill of sale in which he agreed to sign the title over to me after I paid him for the car and he in turn received the title from his bank. Is this risky?. Another option he suggested was that we have a conference call with the bank and I could wire the money to the title holding bank and then they would send me the title, via express mail. Is this a good idea. Any other ideas
 



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