Forum Discussion
Bobbo
Apr 30, 2017Explorer II
WTP-GC wrote:
Since when is the loan process separate from the title process? When have you ever bought a house, auto, etc. with a loan where the title wasn't part of the process?
The title process has ALWAYS been separate from the loan process. You go to the car dealer, RV dealer, home mortgage closing, whatever and you sign the papers agreeing to buy the item. You sign the papers agreeing to the loan. THEN the signed paperwork is sent off to the county or state for a title to be issued. If the people handling the paperwork never send it off, the buyer never gets the title, but still has the loan.
Both times that I have bought an RV, I bought it in another state. I live in Tennessee and bought the RV's in Mississippi. The dealer handed me the paperwork, and I took the paperwork to the county register in my home county for a title to be issued. If the dealer told me he would send off the paperwork and send me the title, but never did, I would have no title.
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