My Ex had a loan on a car, paid the loan off, but never took the lien release to the Wisconsin DMV to get the title clear.
I got the car in the divorce, and it’s worth maybe $1000 at the time and $500 now.
DMV had no problem changing title to me, but kept the lien on there because my Ex didn’t have the papers to remove it anymore. I didn’t care much because I knew it was paid off and didn’t expect to have any problem getting the title to someone else just the way I got it.
Wisconsin change the law end of 2012 so titles go to banks on any new loans. But I had the title already, and the loan was paid off, so the bank didn’t want it or try to get it.
I went to give away the car to a relative and they can’t get it titled because DMV says there is a lien printed on it and the bank has to release it first. That wasn’t the case before 2012, but it is now.
The bank won’t talk to any non-account-holder. The account holder is not available to talk to the bank.
To summarize, the loan was long ago paid. The car is mostly worthless, but runs. The bank won’t talk to me to release the lien. The borrower won’t talk to the bank. The DMV won’t retitle until the lien is released.
Surely there has to be some process to getting a lien released when the bank has no claim on the vehicle anymore and the original borrower can’t be found.
What can be done to get this title transferred?