I sold a vehicle two months ago. I used the cash to pay off the bank immediately and waited for the title in the mail. I recently called the bank to ask for the title status and found that the dealership had the title and was listed (incorrectly) as a lien holder. I did not finance through the dealership in any way. I believe that the bank or dealership messed up the paperwork during the original purchase. The dealership sat on the title for weeks without notifying me, the seller. The title was then released from the dealership, but the vehicle got stolen from the buyer. The new buyer has full coverage insurance on the vehicle, but the title was not yet under his name at the time of theft.
Since buyer had coverage and title should have been in his name the coverage should inure to his benefit. Confirm with local coverage/insurance counsel.
Since the buyer had the policy of insurance, then any policy payments, if any, should go to that buyer. Title should have passed to the buyer already, so once you get the paperwork from the dealer, pass the title along to the buyer.
Years licensed, work experience, educationLegal community recognition
Peer endorsements, associations, awardsLegal thought leadership
Publications, speaking engagementsDiscipline