imagineme73
New Member
I was divorced in March 2008. My ex and I shared 2 loans. The first was a vehicle, which he was assigned in the divorce and the second was a horse trailer, which I was assigned. He has defaulted on the vehicle loan, while I paid off the horse trailer loan. The vehicle has been repossessed and while the loans were seperate the bank has refused to send me the title to the horse trailer. They state that until the other balance is taken care of they will not release the title. Personally, I think they are bluffing. How can a bank hold that title as collateral for a loan to which it was never connected? I didn't sign anything saying the horse trailer was collateral. The vehicle itself was collateral for that loan. I have been very cooperative with this bank in locating my ex, returning calls and giving them any info they needed about the vehicle (even when they were in the process of repossessing). Has this sort of incident happened before? I've called them and basically called their bluff and they are squirming a bit. Just wondering if this is a common practice with banks now?