my H is on deployment and his truck isnt working for our family anymore. its a single cab pick up. im using our tax returns to pay the loan down, so i can sell it and not owe anything on it after it is bought. this is a mutual decision, im not going behind his back. we thought about keeping it, but he is in VA and it just costs to much to run it back and forth from here to there. we cant put our kids in it, and i have no clue why he bought it. he also has the option to buy a differant car when he gets back from deployment.
i have a POA for his bank accounts/loans and a general one. do i have the power to sell his truck? im worried the bank will have a fit if i try to sell it without him or his signature. im paying off the loan so they wont be worrying about the loan going into collections or anything. anyone have expirience with this or something like this?
Re: POA ?
If you are paying off the loan, then you will receive the title. For the vehicle to be sold, he needs to sign the title. As to if you can sign the title for his with a POA, I *think* it depends on the laws in that state, I honestly don't know. Look on the website for your county/state and see what the rules are regarding selling a vehicle.