I naively sold a car privately yesterday without following all the proper procedures or filling out the proper paperwork. I have no Bill of Sale and the Only proof of the transaction I have is the Release of Liability form on top of the title
. I also signed the title over to the new owner, but did not date it or fill in the mileage.
The buyer also filled out his portion of the Release of Liability, but I never checked his ID to confirm the address. I later looked up the address and it was false. Also, he never filled out his portion of the title papers, which has me worried that he plans to resell or leave it in my name.
I submitted the Release of Liability online through the DMV
, but I read that the car will remain in my name until the transfer is complete.
How can I fully release my liability from the vehicle? I have since researched horror stories of previous owners having to pay for tickets or registration years down the road. Worse yet, if the car is involved in any illegal activity,m such as a hit and run, I could still be liable.
Is there any way I can completely get myself out of this mess if the new buyer never transfers the title.