Update: Why Is The Bank Telling Me Have To Keep Making Payments On My Deceased Husband's Loan? (missouri)
I called the bank. Rather than asking for options I told them that I am only interested in giving the bike back to them as i have zero affiliation with the loan or the title, there is no estate to pursue, and I don't want it.
They were amenable to that but I received a letter in the mail (wrong name though! We both changed our names when we got married but somehow when he bought the motorcycle the dealership used his original last name. They also used an incorrect VIN which they updated 4 months later) Anyway this letter is asking me to acknowledge that lI'm next-of-kin, there's no estate, and I'm "voluntairly" (sic) surrendering the bike on my own volition as i do not want to assume the payments. It asks me to acknowledge that I know it will be auctioned and waive all rights concerning the sale "to the extent permitted by Section 400.9-624 of the Uniform Commercial Code of Missouri."
The letter has the wrong VIN on it so I guess the dealership never bothered to let the bank know, even though they dragged my husband back in there 4 months after the fact to re-sign the paperwork.
This whole thing has been such a cluster. I do not want to sign this letter. I already told them where the bike is. I don't want any further involvement. Is this letter standard or am i right to have the heebie jeebies about it? I do plan on calling my attorney about it regardless but I am curious.
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