The ALL Florida Online Corvette Club - View Single Post

Cor66Vette · 05-09-2014, 06:22 PM

I am in the process of selling my '03 to a fellow in Ft Walton. The deal is ready to go through and there is something that I need to ask of the Credit Union members on the forum.

Part of HIS loan application warrants me to provide to the credit union, a copy of my driver license, and a copy of the vehicle title - and some type of letter of intent to sell. I have no prob with the copy of the title or the letter, but the license thing is rubbing me the wrong way.

My bank, not a credit union, never heard of such a requirement not even the title, since just the VIN should satisfy vehicle value, etc.

I called the credit union in question and spoke with someone there, and the buyer's account was verified, although the banker person didn't sound too sure of herself and couldn't give particulars. When I pushed for details, I was first told that it's part of the paperwork, then she says they need to compare the signatures from the driver license to the signature on the title, and that the tax office needs this information, also.

The title would be signed by me AFTER money changed hands, and the money would have been lent already in order for the buyer to pay me- right?

Guys??? Does any of this sound right?

I had one attempted scam already regarding selling this car, so my suspicions to something amiss are high.

I've checked online and I'm able to see that 2 of the 3 documents- not the license, though are required. I'll make more calls to other credit unions in FL in the morning to see if this is a credit union thing.

I'm hoping there is someone here who might be familiar with this requirement, or where I can go to really verify this to be the case.

05-09-2014, 06:22 PM	#1
Cor66Vette Senior Member Join Date: Sep 2009 Location: Outtahere Posts: 1,182 Name :	Credit Union help NEEDED I am in the process of selling my '03 to a fellow in Ft Walton. The deal is ready to go through and there is something that I need to ask of the Credit Union members on the forum. Part of HIS loan application warrants me to provide to the credit union, a copy of my driver license, and a copy of the vehicle title - and some type of letter of intent to sell. I have no prob with the copy of the title or the letter, but the license thing is rubbing me the wrong way. My bank, not a credit union, never heard of such a requirement not even the title, since just the VIN should satisfy vehicle value, etc. I called the credit union in question and spoke with someone there, and the buyer's account was verified, although the banker person didn't sound too sure of herself and couldn't give particulars. When I pushed for details, I was first told that it's part of the paperwork, then she says they need to compare the signatures from the driver license to the signature on the title, and that the tax office needs this information, also. The title would be signed by me AFTER money changed hands, and the money would have been lent already in order for the buyer to pay me- right? Guys??? Does any of this sound right? I had one attempted scam already regarding selling this car, so my suspicions to something amiss are high. I've checked online and I'm able to see that 2 of the 3 documents- not the license, though are required. I'll make more calls to other credit unions in FL in the morning to see if this is a credit union thing. I'm hoping there is someone here who might be familiar with this requirement, or where I can go to really verify this to be the case.