I live in a state where the bank has the option to hold the title. US Bank is who I'm dealing
with here. The physical title apparently resides at their home office in another state.
I'm wanting to do a private sale on the vehicle, and the remaining balance is significant
enough that I can't simply pay it off first.
What options do I have when I can't simply take the buyer down to the nearest branch
and do a payoff (and the buyer walks away with the released title)?
I would recommend contacting US Bank and asking them what their preferred method would be.
I imagine the likely route will be that they buyer pays the full amount to US Bank, and US Bank will then send you overage back.