As I understand it I:
1) Collect the money $24 k
2) Pay off the bank, Little less than 24k.
3) Sign over the title to Mr. X.
I know I am to issue a Bill of Sale to the buyer, but what other reassurance can I give so that he doesn't think I will pull a fast one an not send him the title? I know he'll have the truck, but...
Facts: I'm in CA. I have DMV Bill of Sale, the lein holding bank is 4 hrs away, he is 2 hrs away.
Thanks
2006-11-29 11:08:05 · 3 answers · asked by Zack S 1 in Cars & Transportation ➔ Buying & Selling
the easiest way to do this is go to the bank..even though it's 4 hrs away and do the transaction right there...pay off the bank...get the title and it's done.
2006-11-29 11:12:33 · answer #1 · answered by Kenneth S 5 · 0⤊ 0⤋
The van is the collateral for the indoors maximum loan and as such the lein is valid and you may no longer sell, commerce or barter the van. The lein would desire to be paid so turn the van over to the financial employer and enable them to sell it to fulfill the debt.
2016-10-13 09:36:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1. Contact the bank. Arrange for him to send the payoff directly to them. The bank may be able to arrange for a quick title release at the nearest DMV office so he sends off the check on Monday and you go to the DMV on Tuesday and wrap things up.
2. Or contact an escrow company to handle the transaction.
2006-11-29 13:12:39 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋