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Bank requesting photocopy of title? fishy or not?

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Old Jul 21, 2005 | 10:57 PM
  #1  
MOVE OVER's Avatar
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From: ITRCA Midwest Director, Topeka, KS
Default Bank requesting photocopy of title? fishy or not?

the person purchasing my ITR from out of state said that his bank needs a photocopy of my title faxed to them so that they can get the loan. front and back.

I must say that i have never heard of this, and wanted to check with other people across the country to see if this is a common or normal request.

i honestly dont know if that is fishy or not.

kevin
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Old Jul 21, 2005 | 11:01 PM
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a photocopied version of ur title will say like VOID or something or COPY, somethign liek that. atleast the washington ones do.
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Old Jul 22, 2005 | 12:01 AM
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Yes its a normal request.
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Old Jul 22, 2005 | 01:45 AM
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Default Re: (Ek stunna)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ek stunna &raquo;</TD></TR><TR><TD CLASS="quote">a photocopied version of ur title will say like VOID or something or COPY, somethign liek that </TD></TR></TABLE>

They all should, legal documents mang! Its some pimpy ink that goes beserk against light.
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Old Jul 22, 2005 | 05:12 AM
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Default Re: (SwiftTypeR)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by SwiftTypeR &raquo;</TD></TR><TR><TD CLASS="quote">Yes its a normal request.</TD></TR></TABLE>
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Old Jul 22, 2005 | 05:37 AM
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I would ask for his bank's phone number and call them directly. Even if it's a normal request, I would still want to verify that this important document is going to the right place.
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Old Jul 22, 2005 | 06:05 AM
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From: Reading, PA, usa
Default Re: (Wai)

YES they need it and its normal.
I had to do it numerous times, including when I sold mine
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Old Jul 22, 2005 | 06:21 AM
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Default Re: Bank requesting photocopy of title? fishy or not? (ITR 1102)

Sounds normal. If the loan is for the full amount then they might hold the title til the caR is paid off.
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Old Jul 22, 2005 | 06:37 AM
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Default Re: Bank requesting photocopy of title? fishy or not? (Bbasso)

They will deff hold the title.
BUt even if its partial, I think they will hold it reguardless if its an auto loan.
The only time I got to keep my titles was when i took out personal loans to pick up a car.
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Old Jul 22, 2005 | 06:40 AM
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From: ITRCA Midwest Director, Topeka, KS
Default Re: Bank requesting photocopy of title? fishy or not? (itr206)

thanks guys

where i am from nobody had ever heard of that.
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Old Jul 22, 2005 | 06:58 AM
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Default Re: Bank requesting photocopy of title? fishy or not? (ITR 1102)

As an Indiana resident I traveled to Chicago area to pick my ARRR a few weeks ago. My credit union in Indiana requested a faxed copy of the front of the title before the loan application could be processed. Good luck with the caR and no worries about the title.
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Old Jul 24, 2005 | 07:15 AM
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Default Re: Bank requesting photocopy of title? fishy or not? (Swell_Ryder)

its a normal request. i've been looking at R's for about a month now and i've asked a few people for copys of titles. i know it seems a little fishy, but the idea of giving them the banks phone number is a good idea, i'll do that from now on.
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