This form is an opinion of the title on a piece of real property stating that the mortgage constitutes a good and valid first lien on the property. The mortgage is enclosed and issued to the bank. This form is available in Word and Wordperfect formats.
Alabama Title Opinion Letter - To Bank
Category:
State:
Alabama
Control #:
AL-016-10-CP
Format:
Word;
Rich Text
Instant download
Description
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FAQ
In simple situations where you own the vehicle outright and wish to transfer ownership to someone else, all you must do is complete a title certificate. Once you have filled out and signed the certificate, the buyer or recipient can take the title to a local DMV office and officially transfer ownership.
Vehicle Information. The Owner's Information. Title Holder's Information. Fill in the Cost and Operation Information. The Owner's Signature. The Owner's Second Signature. Recheck the Vehicle Information. Verify Proper Assignation of the title.
Where Do I Sign An Alabama Title? On the back of the title, upper right side where it reads, SIGNATURE (s) OF SELLER(s). Print your name on the line below that reads PRINTED NAME(s) OF SELLER(s). IMPORTANT Signatures must be an exact match!
If you're making a cash purchase at a dealership, the dealer will usually send your title paperwork to your local Department of Motor Vehicles, or state transportation or revenue agency. The DMV or agency will send you the official certificate of title once the paperwork has been processed.
In Alabama, a bill of sale is not always required by the Department of Revenue (DOR) for vehicles. It is, however, imperative when you are selling a vehicle and there is no title available.
Can I complete an online title transfer in the state of Alabama? While there is an electronic titling system in Alabama, it is only available to financial institutions who provide auto loans and authorized car dealerships.
On the front of the title, near the middle, the seller must write in the current odometer reading on the vehicle. Near the bottom, the seller must fill in the following information on the appropriate lines: Date the vehicle was sold, and their printed name and signed name (which should be written on the same line).
An application for certificate of title is made to the county clerk of the county where the vehicle is to be registered.If a certificate of title is lost, mutilated, or becomes illegible, the owner must make immediate application for a replacement title.
If you have the California Certificate of Title for the vehicle, the seller signs the title to release ownership of the vehicle. The buyer should then bring the signed title to a DMV office to apply for transfer of ownership.