Escow accounts??
My wife and I are interested in purchasing a 1 or 2 year old Class A MH in the near future, our 4th unit since 2000. Mainly only interested in private party sales, would like to skip the BS at many of...
Forum Discussion
Florida uses electronic titles. That means that you cannot get the title until the lien holder(the bank) releases the title through the DMV, once the loan is paid off. There is NO paper title that the bank can give you.
Once the title is released, which can take a day or a week, if it is an out of town bank, then only THE SELLER can pay for and get the paper title from the DMV. Once the seller has the title, he can then sign it over to you and then you can register it in your name. You can then pay extra and get a paper title in your name if there is NOT a lien holder.
This can be done in any Florida DMV office once the lien holder electronically releases the title to the seller.
Once the title is released, which can take a day or a week, if it is an out of town bank, then only THE SELLER can pay for and get the paper title from the DMV. Once the seller has the title, he can then sign it over to you and then you can register it in your name. You can then pay extra and get a paper title in your name if there is NOT a lien holder.
This can be done in any Florida DMV office once the lien holder electronically releases the title to the seller.
