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It has happened before. A friend of mine had to deal with this issue. Are they saying "your bank" called about the trade or their bank will not finance with that amount of equity from the trade?
Well, they estimated and told me there bank said the payoff wasn't correct, and then they gave me a due date til January 2011, are they supposed to give me a due date, due to there mistake?
Each state is different. I know up north several of my friends have told me that if they do a car deal they have to schedule a time to come back to pick up so the dealer has time to verify everything. In NC we do spot deliveries which means if you have the credit you can take the car that day.