What is the name of your state? California
I recently sold a car. I sent the notice of release of liability in to the DVM the next day. Two days later, the new owner was arrested for DUI and the car was impounded. He had not yet registered the vehicle. The tow company placed a lien against the vehicle for $1100. Since that is more than the car is worth, the new owner did not claim it so the tow company is going to sell it at auction. Since DMV takes approximately 90 days to input the notice of release, the car will be sold before that happens.
I have spoken to DMV, and they would not give me any advice, and they would not put a rush on the release of liabilty.
I have spoken to the tow company and they have told me that it is my name in the system, and when they sell the vehicle, I am responsible for all charges that are not covered by the sales price. That will certainly be hundreds of dollars. I told him that I wouldn’t pay it and sent him a copy of the notice of release with the new owner’s information. He told me that he would send it to collections if I didn’t pay.
Questions: Can I stop him from sending it to collections? If he does send it to collections, do I have any recourse? And perhaps most important, how do I get that removed from my credit report? Thanks for any advice.
I recently sold a car. I sent the notice of release of liability in to the DVM the next day. Two days later, the new owner was arrested for DUI and the car was impounded. He had not yet registered the vehicle. The tow company placed a lien against the vehicle for $1100. Since that is more than the car is worth, the new owner did not claim it so the tow company is going to sell it at auction. Since DMV takes approximately 90 days to input the notice of release, the car will be sold before that happens.
I have spoken to DMV, and they would not give me any advice, and they would not put a rush on the release of liabilty.
I have spoken to the tow company and they have told me that it is my name in the system, and when they sell the vehicle, I am responsible for all charges that are not covered by the sales price. That will certainly be hundreds of dollars. I told him that I wouldn’t pay it and sent him a copy of the notice of release with the new owner’s information. He told me that he would send it to collections if I didn’t pay.
Questions: Can I stop him from sending it to collections? If he does send it to collections, do I have any recourse? And perhaps most important, how do I get that removed from my credit report? Thanks for any advice.