According to Honda finance, they buyer can pay me in full, I pay off the loan or buyer can pay my equity and the bank directly. While the title is being transferred, can the new owner register/insure it with the DMV or is the car in limbo until the lien is taken care of?
The new buyer cannot transfer title until the lienholder releases the lien. Contact the DMV and they will tell you if they have any options like a temporary permit.
Kevin A. Spainhour, Esq. Spainhour Law Group www.slglawyer.com.