What s my guarantee that he will pay off the loan with the money.
Buying camper with a lien.
The whole thing ended up being smooth and painless at least on our end and hopefully for the sellers that i wanted to offer some tips and tricks we used as well the.
After the buyer pays off the loan the lien holder must mark the lien satisfied flhsmv also requires the lien holder to send a satisfaction of lien to the department.
We took the title to dmv and transferred ownership and owned the rv.
If you re buying the car with a loan you will need to work with both your lender and the lien holder to come to an agreement.
If i want to purchase an rv from a private individual that has a lien i e.
We have decided to buy a used rv.
Buying used trailer that has a lien oct.
The lien holder must complete and file a satisfaction notice within 10 days after the.
The used car buyer s guide also has our printable list of questions to ask a seller when buying a used car.
If money was loaned to buy the vehicle flhsmv will issue the title reflecting a lien.
The owner still owes money on it lien.
No matter how you do it having bank and owner on your check assures that owner doesn t cash the check without clearing the lien against the rv.
If you take this route be sure to have a written and signed agreement in place before you pay the lien.
Print that list out and bring it to the seller as you inspect cars and ask the seller these grilling questions.
I am looking at a used trailer being sold by a private party.
Selling to a private party though more effort will be required on your part selling a car with a lien privately could net you a higher profit.
Do not venture out to buy a used car until you have read all sections of that used car buyer s guide.
This may be a state specific question.
Still owes bank for rv loan what is the best way to get a clear title.
We have concerns about paying someone and not getting a title for a while how long.
Problems like this can occur when you buy your rv from a private seller.
If it means going with the current owner to pay off the lien or paying the lien holder directly then thats what it takes.
How do i get clear title if he can t pay off the lien loan until i give him the money.
Being a seller of an rv without a title can be problematic for you as well.
Educated buyers will shy away from your rv because of the legal troubles they could face without it.
The bank and the owner co signed cancelled the lien on the title and then the bank notarized the title.
4 2009 08 17 am.
Unless you will have clear title when you take over ownership.
The online rv buying process was a little more involved than going a dealership route and i must say we were extremely blessed with how amazing of a process it really was.
I live in arizona.
Once you pay the lien with either cash or your loan the lien holder can transfer the title to you or your lender.
Before the transaction is complete and you leave your car to the dealership make sure you receive documentation that your lien has been satisfied.
