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    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #41

    Jun 25, 2008, 01:01 PM
    The lien holder signs when they get paid, then after they sign, you are suppose to sign the title also over to them.

    I would not give them any POA personally, but that is just me, I would make them bring me the titles to sign personally But if I did give them anything, it would be only a limited POA and for only the signing of the title on that one specific auto.

    I am stll of the firm belief that the other persons insurance company will cheat you any chance they can.
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
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    #42

    Jun 25, 2008, 01:12 PM
    The language in the power of attorney states exactly what the purpose is, and what it is limited to.

    The amount of money, to be paid for the total loss, has been determined, and agreed to, and I'm going to assume you have that figure in writing?

    Your insurance company will own the vehicle after the lien holder gets paid, that is why they need to be able to endorse the documents to dispose of the vehicle.

    Again, it is a very common practice, but of course, if you are not comfortable, you can choose to not sign it, and have them do things your way, however long that may take.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #43

    Jul 3, 2008, 11:54 AM
    Quote Originally Posted by motorwasp
    No, it says " power of attorney." I quoted it exactly as written except for the names. My insurance co is not even involved. They bailed on me even though it was clearly the other guys fault. Shouldnt my lien holder be signing these papers? They hold the title.


    If your company walked away and the accident was not your fault are you pursuing them?
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