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This was a secured loan so the car was definitely supposed to be the collateral. I think through the refinance process there was most likely a mistake in the electronic titling process and I received the title with me as the only registered and legal owner. I gave them power of attorney when signing the loan papers for the refinance, but that was to get the title I have today. If I sell it, are they able to modify the title adding themselves as legal owner later on after the car has been sold? Just want to make sure I don't end up in cuffs
Thank you. Just a couple more points... So at this point, as I understand it, the according to Washington state, the title is clear and the car is 100 percent owned by me. However there is an outstanding loan to which I owe money on and the car was the intended collateral. If I keep paying the loan but it's been sold and ownership transferred to another party, I would think the bank wouldn't be able to modify title at that point...? Or would they?
So it's not illegal to sell this car?