What s my guarantee that he will pay off the loan with the money.
Buying camper with a lien.
If i want to purchase an rv from a private individual that has a lien i e.
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.
The bank and the owner co signed cancelled the lien on the title and then the bank notarized the title.
We have concerns about paying someone and not getting a title for a while how long.
If you take this route be sure to have a written and signed agreement in place before you pay the lien.
Once you pay the lien with either cash or your loan the lien holder can transfer the title to you or your lender.
Still owes bank for rv loan what is the best way to get a clear title.
Print that list out and bring it to the seller as you inspect cars and ask the seller these grilling questions.
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.
Do not venture out to buy a used car until you have read all sections of that used car buyer s guide.
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.
4 2009 08 17 am.
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.
Being a seller of an rv without a title can be problematic for you as well.
What if the owner has a loan.
If money was loaned to buy the vehicle flhsmv will issue the title reflecting a lien.
The lien holder must complete and file a satisfaction notice within 10 days after the.
I live in arizona.
How do i get clear title if he can t pay off the lien loan until i give him the money.
Problems like this can occur when you buy your rv from a private seller.
We have decided to buy a used rv.
Buying used trailer that has a lien oct.
I am looking at a used trailer being sold by a private party.
If it means going with the current owner to pay off the lien or paying the lien holder directly then thats what it takes.
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.
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.
Educated buyers will shy away from your rv because of the legal troubles they could face without it.
The used car buyer s guide also has our printable list of questions to ask a seller when buying a used car.
This may be a state specific question.
I would prefer to be handed the title when i hand over the check but seller would not have.
