So as I said yesterday, Lynn was getting a new (well, used) car yesterday. She was buying the car from a girl in Needham. So, we headed out in the morning to sign the loan papers and to get the check. All good so far. Then Kevin goes into meltdown mode - he doesn't like the car for too long and wanted to get out. We eventually got to the girl's bank in Needham and Lynn said Kevin and I could take off. This was about 1pm.
Thankfully Kevin fell asleep on the way home and slept until 4pm or so. I took a nap too and woke up when he did. Shortly thereafter Lynn called me and asked if I could look up and find the closest registry. "You haven't gone to the registry yet?" I asked. "Nope, just left the bank." Apparently, the bank told Lynn that it would not release the title until the check from our bank cleared - 7-10 days from now.
So, Lynn called our bank to see what could be done and they never got back to her. So, Lynn had to take a loan from this bank and they in turn would pay off our bank's loan. I myself would have preferred to wait for the check to clear but Lynn was worried she would have no car for a week. She says all will be OK - I hope so!
Now, what I don't get is why it would take a check 7-10 days to clear. Don't checks clear pretty quickly these days? I thought Congress passed a law saying checks would clear immediately - Check 21. Plus, the check was a bank check, shouldn't this girl's bank assumed it would clear with no problem?
Once this is all settled, I am going to look into this a little further as I don't think the other bank acted in good faith. This whole process added a lot of stress to Lynn and doesn't seem fair.
Not only that, we could not get Lynn's plate off her old car as the screws are rusted on! We tried everything - drill, screwdriver, pliers, etc. Any suggestions?