Ex Wife took loan without my knowledge. I have the title for the motorcycle and the motorcycle. I want to sell the motorcycle and I found out there is an outstanding loan. The original bank that gave the loan to her (only her name was on the loan) was located in Illinois. We resided in Wisconsin when the loan was taken out (I still reside in Wisconsin). The loan was then sold off to a loan company. The loan company will not talk to me at all. I do not know the whereabouts of my ex wife to have her give them notice to talk to me. I would like to settle the debt. Is there anything legally I can do to get the loan company to talk to me so I can work with them to get the title released?
You won't be able to get the title "released" without paying off the debt. And if they won't talk to you about the debt, there's likely no way for you to know how much you need to pay off. You could possibly try contacting her attorney from the divorce, but it's likely they won't know where she is either. Unfortunately, if she took the loan out while the two of you were still married, your liable for the debt too and your only option may be to surrender the bike to them and pursue her in family court. If she took the loan out after your divorce, you very likely have a fraud case against her that could be handled by law enforcement.
If you are the only person on the motorcycle title, then the bank has no security interest in the motorcycle as you did not give them one. It doesn't matter if your wife "gave" them a security interest in the bike. It wasn't hers to give. I suggest you hire an attorney to send the loan company a demand letter that they remove the line on the title. If both you and your wife are on the bike's title, then you have a problem. I still think you should hire an attorney, though because this doesn't make any sense. Who is paying on the loan right now? I imagine no one. Therefore the loan company should be very interested in working with you to get payment.
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