Nobody has to take anything by "default". Property can not be put in someone's name without them signing something.
The bank is simply implying this so that you do some work for them and pay some money.
The IRA amount and the proceeds from selling the car will probably have to go to the bank, tho.
Please do get back to us with what the real lawyer says. (I just play one on the internet....altho, I did stay at a Holiday Inn Express last night).
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